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How to Become a New York State Not-For-Profit

How to Become a New York State Not-For-Profit. The Empowerment Center. Steps to Tax Exempt Status. Forms to file Documentations Needed Outsource Services. Forms to File. Federal ID # or Employment Identification Number. New York State Incorporation form 402.

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How to Become a New York State Not-For-Profit

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  1. How to Become a New York State Not-For-Profit The Empowerment Center

  2. Steps to Tax Exempt Status • Forms to file • Documentations Needed • Outsource Services

  3. Forms to File Federal ID # or Employment Identification Number New York State Incorporation form 402 1023 Tax Exempt Application Form 1023 Tax Exempt Application Instructions 410 Charities Registration Form 410 Charities Registration Instructions 990 Annual Tax Return Form 990 Annual Tax Return Instructions 500 Annual Charities Filing Form 500 Annual Charities Filing Instructions

  4. Documents Needed • Bylaws • Agency mission statement • Platform of values if available • Certificate of Incorporation • Copy of Letter of Determination from IRS Code 501 (c) (3) • List of current Board members with mailing addresses • Organizational chart • Copy of annual budget • Copy of most recent annual independent audit • Personnel manual • Agency procedural manual • Fiscal policy manual • Program descriptions, brochures, annual reports

  5. Outsourced Services • Lawyer • Certified Public Accountant • Insurance Broker • Employee Payroll Service • Bank

  6. Outsourced Services Lawyer • Legal Representation • Employee Disputes • Lease and landlord Disputes • Organizational Rights • Human Rights Commission Defense • Vender Disputes • Accounts Receivable Disputes

  7. Outsourced Services Certified Public Accountant • Fiscal Policy review • Fiscal Foundation Structure • Annual Independent Audit • 990 Tax Return • 500 Charities Filing

  8. Outsourced Services Insurance Broker • Short Term Disability • Workers Compensation • Long Term Disability • General Liability • Officers Liability Optional • Health Insurance • Dental Insurance • Life Insurance • AFLAC

  9. Outsourced Services Employee Payroll Service • Employee W-2 • Employee Payroll Tax Payments and Records • Employee Payroll Documentation • Vacation and Sick Time Accrual Records • Quarterly Employment Tax Filing Report

  10. Outsourced Services Bank • Line of Credit • Money Markets/Short Term CD’s • Convenient Locations • Monthly returns • ATM Card • Willing to work with you

  11. Questions to Ask Out Source Venders • Have You Worked with Not-for-profits? • Have you filed a 990 Return and a 500 Charities form? • Do you know what are the special rules that applies to Not-for-profits? • Do they believe in your Mission? • Who have they worked with?

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