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NADE 501 (C)3 NON-PROFIT STATUS.

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Presentation on theme: "NADE 501 (C)3 NON-PROFIT STATUS."— Presentation transcript:

1 NADE 501 (C)3 NON-PROFIT STATUS

2 CHANGES THAT HAVE OCCURRED
NADE DID NOT APPLY FOR GROUP EXEMPTION FOR 501(C)3 FOR THE STATE CHAPTERS REASON NADE APPLICATION FOR GROUP EXEMPTION 501(C)3 STATUS WAS NOT SUBMITTED AFTER FEEDBACK FROM THE IRS IT WAS DETERMINED NADE WAS NOT REQUIRED TO SEEK A GROUP EXEMPTION FOR CHAPTERS BUT THAT THE GROUP EXEMPTION WOULD BE A FRINGE BENEFIT TO CHAPTERS. CHAPTERS WOULD HAVE TO BE INCORPORATED BY STATES IN WHICH THEY OPERATE. EACH STATE HAS VARIOUS LAWS THAT DID NOT MAKE IT FEASIBLE FOR CHAPTERS TO INCORPORATE IN A TIMELY , AND THUS COST EFFECTIVE MANNER.

3 WHAT ARE THE CHAPTERS TO DO NOW?
STEP 1: CALL (IRS TAX EXEMPT ORGANIZATION). HAVE PAPER AND PEN AVAILABLE TO WRITE DOWN IRS AGENT ID NUMBER AND OTHER PERTINENT INFORMATION. HAVE YOUR CHAPTER EIN NUMBER AVAILABLE TO GIVE TO IRS. (IF YOUR CHAPTER DOESN’T HAVE AN EIN NUMBER GO TO AND APPLY ONLINE AT NO COST AND PROCEED TO STEP 2.) AWAIT RESPONSE FROM IRS ON WHETHER YOUR NON-PROFIT STATUS IS CURRENT, OR HAS IT BEEN REVOKE (FAILING TO FILE A 990-N FOR THREE CONSECUTIVE YEARS CAN BE CAUSE FOR LOSS OF NON PROFIT STATUS), OR WHETHER YOUR CHAPTER WAS EVER CONSIDERED A NON-PROFIT ORGANIZATION. IF YOUR CHAPTER IS IN ACTIVE STATUS AS NON-PROFT AND IF YOU HAVE NOT ALREADY, FILE FOR CERTIFICATE OF FORMATION OF A NON-PROFIT IN THE STATE YOU LIVE. ANY OTHER ANSWER FROM THE IRS MORE THAN LIKELY WILL FORWARD YOU TO STEP 2.

4 APPLICATION FOR STATE INCORPORATION
STEP 2: COMPLETE FORMS AND PAY FILING FEES TO INCORPORATE THE CHAPTER IN THE STATE IN WHICH YOU LIVE. MORE THAN LIKELY THIS INFORMATION CAN BE OBTAINED THROUGH YOUR STATE’S OFFICE OF THE CLERK OR OFFICE OF THE SECRETARY OF STATE. EACH STATE HAS IT’S OWN PROCESSES AS TO HOW TO NAME YOUR CHAPTER, TEMPLATE OF ARTICLES OF INCORPORATION (IF APPLICABLE), SUBMISSION OF BYLAWS (IF APPLICABLE), AND OTHER PROCEDURES TO INCORPORATE YOUR CHAPTER AS A NON-PROFIT. PLEASE BE MINDFUL IF YOUR STATE HAS STATE TAXES RULES MAY/MAY NOT APPLY. INFORMATION YOU ARE MORE THAN LIKELY TO NEED IS AT LEAST 3 NAMES AND ADDRESSES OF INDIVIDUALS THAT ARE CURRENT CHAPTER BOARD MEMBERS AND ONE PERSON ON THE CHAPTER BOARD TO GE YOUR REGISTERED AGENT (ALL CORRESPONDECES,LETTERS, ETC WILL BE MAILED TO THE REGISTERED AGENT)

5 WHAT TO DO AFTER STATE INCORPORATION
STEP 3: APPLY FOR NON-PROFIT 501(C)3 INCORPORATION WITH THE INTERNAL REVENUE SERVICE AT AND FOLLOW THE INSTRUCTIONS WHEN COMPLETING FORM 1023-EZ ONLINE HAVE YOUR ARTICLES OF INCORPORATION AND BYLAWS AVAILABLE IN CASE THEY NEED TO BE UPLOADED (SEE INSTRUCTIONS FOR FORM 1023-EZ OR GO ONLINE TO ) PAY THE $275 INCORPORATION FEE ONCE YOUR CHAPTER HAS BEEN INCORPORATED FROM THE INTERNAL REVENUE SERVICE YOU MUST FILE A 990-N EVERY YEAR. NOT FILING A 990-N FORM FOR THREE CONSECUTIVE YEARS WILL RESULT IN YOUR CHAPTER’S NON PROFIT STATUS BEING REVOKE


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