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4 answers

Both answerers are right to a degree -- you have to first set up your nonprofit per your state requirements. Go to your state's Secretary of State webpage and look for the nonprofit organization section. Then, you go to the IRS for 501c3 designation. It's not a simple process, but can be done if you stick with the paperwork requirements.

You are really trying to set up a support organization for your team, I presume. You'll need a Board of Directors identified. You all will need to chose a name and register that with your state. You'll have state forms to file where you file your Articles of Incorporation and By-Laws for your new state nonprofit. So, you'll need to either get a lawyer or go to a law library for proper set up of your organizing documents.

Once you get your organizing docs properly stampedby the state as filed, you are ready for seeking federal 501c3 designation. Go to http://www.irs.gov/charities/charitable/index.html and download the forms and instructions.

You'll have to secure an Federal Employer Identification Number (EIN) even if you don't have employees. The IRS link I gave will let you know how to do this.

Your Board will have to identify it's officers, so you all will need to select the Board President, Secretary, and Treasurer. You'll report that to the IRS.

You need to identify your nonprofit's mission, programs, and initial fundrasing plan. So, you'll need to think about that.

It costs a fee to file with the IRS and if there areno problems, you should get your "advanced ruling" letter, which says they will treat you like a publicly supported nonprofit for 5 years. After that, they will look at your finances to see if you pass the "public support test" where you receive funds from various donors and aren't really a private foundation and is primarily supported by one funder. Private foundations are governed by different tax rules, so that's not what you want.

Good luck!

2007-01-06 16:49:41 · answer #1 · answered by zuri 2 · 0 0

Go online to your state web site and they will have a page for charitable organizations.If it isnt under that umbrella then go to the state gaming page (some states have the 501 on that page). You just need to fill out the proper paperwork and pay a processing fee (varies by state) and as long as all your ducks are in a row you will have your 501. Good luck!

2007-01-06 01:46:44 · answer #2 · answered by viphockey4 7 · 0 0

the 501c3 designation is for a non-profit organization and is obtained only from the IRS, so they'll be the ones to tell you whether your group fits their defintion or not....you can find out by going to www.irs.gov

2007-01-06 01:43:53 · answer #3 · answered by an_articulate_soul 4 · 0 0

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2016-12-12 05:18:43 · answer #4 · answered by ? 4 · 0 0

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