Non-Profits

The IRS authorizes non-profits and this is based on their primary goal, To SERVE is the real reason non-profits exist and no other.  Non-profits have other goals including employment security and to generate revenue in excess of costs for long-term stability.

Form 990 – Return of Organization Exempt from Income Tax

Form 990

Section 6033 of the Internal Revenue Code requires tax exempt organizations to file an annual report. Form 990 fulfills this requirement. Many citizens utilize the information from Form 990 to evaluate the non-profit organization they donate to annually. The 990 covers much of the information any citizen desires to know about the charity of their choice.

How to Start a Non-Profit Organization: Step 1 – Form a Brain Trust

brain trust

Before you do anything towards starting a non-profit organization, you need to form a brain trust. This is a group of friends that will add their thoughts to your idea and provide you with a platform to begin the process. Their ideas, questions, suggestions, misgivings, and other thoughts expand your thinking beyond a simple idea to a core value of what is important. 

The 501(c)3 Organization

Taxation

I have had many clients come to me to ask how they could start a non-profit organization. The main purpose of starting a nonprofit is to gain the contribution advantage the Internal Revenue Service (IRS) provides. Why do you need the IRS to authorize this? What is the difference between tax exempt and a charitable organization? How does the church fit into all of this?

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