Question on how to set up a 501c3 (non-profit) status?

Question

I'm wondering how to set up a 501c3, and if it costs anything. Also, my purpose in this case would be to raise funds to improve the kids playground in my town. Could I do that even tough the playgrounds be;ongs to the town?
thanks.

Answer 1

I'm not sure you'd have to establish a nonprofit organization for just one project. You should check with the town to see 1) who owns the playground and is responsible for maintenance and 2) if they are allowed to accept donations and 3) if there are any pre-existing groups already raising funds for municipal projects.

If you want to find out how to start your own nonprofit, see below:

from The Foundation Center http://foundationcenter.org/getstarted/faqs/html/starting_nonprofit.html

How do I establish a nonprofit organization?

Forming a new nonprofit is a process that involves two distinct stages. Generally, you will need to establish your organization by filing articles of incorporation with the appropriate agency in your state (usually the secretary of state). You will also need to secure federal income tax exemption by filing the appropriate forms with the Internal Revenue Service. Inquire at any Center library or the Cooperating Collection nearest you for the name of a technical assistance group that assists new and emerging nonprofits. Your local bar association may be able to direct you to "pro bono" or reduced-cost legal services as well. See also our FAQ "Where can I find pro-bono legal help for my nonprofit organization?" Please be aware that it usually takes 4 to 6 months to go through the process.

In order to procure and file the appropriate forms required to apply for nonprofit incorporation, you may want to contact your state charity registration office. Be aware that procedures vary from state to state; you should consult with an attorney or an appropriate agency whose staff has experience in this area. For your Federal tax-exempt status application, please refer to the IRS's FAQs About Applying for Tax-Exemption. Publication 557: Tax-Exempt Status for Your Organization, is available for download in PDF format from the IRS site.

Much more information and helpful links at the site: http://foundationcenter.org/getstarted/faqs/html/starting_nonprofit.html

Answer 2

i'm not quiet positive if this can help, yet i recognize a fashion you may have get entry to to a lawyer to respond to all of those questions. if you're part of this non income business organization, then having this get entry to might want to help you contained in the destiny as well. i will clarify extra, yet on condition that you've an interest. enable me recognize and sturdy success to you!

Answer 3

Consult with a tax attorney on that one.