What to expect when starting a nonprofit
How long does it take?
After our firm is engaged and you provide us with the information we need about your organization, you will receive draft articles of incorporation to create your nonprofit business in your state in about a week. State governments vary widely in the time they take to review your articles - from a few days to a few weeks. Some states, like California, take about a month.
What happens next?
While the state is reviewing your articles of incorporation we will draft the remaining documents needed, including obtaining an EIN (employer identification number) for your new business, drafting bylaws, and drafting the appropriate IRS exemption application (Form 1023EZ for smaller organizations with gross income of less than $50,000 per year during each of the first three years; Form 1023 for larger organizations.)
How long does it take for the IRS to review my application?
The IRS is currently reviewing IRS Form 1023EZ in 30-60 days. It is taking approximately 6 months for the IRS to review the full Form 1023.
Note, however, that tax-exemption when granted is retroactive to the date of incorporation.
What happens if I file the 1023EZ but raise more than $50,000 during any of my first 3 years of operation?
Eligibility of the 1023EZ is based on your realistic expectation of earnings during your first three years. However, if you are more successful than expected in raising funds, there is no penalty from the IRS.
Don’t delay. Get started today.
TELL US YOUR STORY
We know how important your nonprofit is to you. Please share your story with us so we can get to know you better. Click on the link below and tell us the details of your project.
SCHEDULE YOUR DISCOVERY SESSION
Next schedule a discovery session with one of our team members so we can learn more about your plans, and you can ask any questions that you may have.
Sign our engagement letter.
Our engagement letter provides the financial details our relationship. Use the digital signature to quickly email it back to our firm.
Pay our fees online.
Use the link below and our easy online gateway to pay the required fees. We accept all major credit cards.