1024 Completion

 

This product and service includes

  1. obtaining your nonprofit EIN number;
  2. the development and filing of the proper Articles of Incorporation, Bylaws and Policy Templates;
  3. Basic Strategic Plan
    1. Nonprofit Industry Best Practices information
    2. Answers  to required narrative questions
  4. Submission of your Form 1024 for non-501c3 Tax Exempt Statuses
  5. Completion is 3 to 15 months.

State and IRS Fees

State Articles of Incorporation:
(fees vary by state)
CO State Fee Schedule
   
IRS Tax Exempt Application Fee: IRS Fee Schedule

Consulting Fee: 


Determined by the need and scope of your project

Advantages

  1. Meets IRS requirement for filing of Form 1024 for other tax status’
  2. Improves credibility and effectiveness
  3. Proper document filing for nonprofit industry standards
  4. Awareness of Board of Director duties, roles and responsibilities to the organization

Drawbacks of 1024 filing with Basic Strategic Plan

  1. None

Form 1024 Tax Exempt Statuses

  • 501(c)(2)—Title holding corporations
  • 501(c)(4)—Civic leagues, social welfare organizations (including certain war veterans’ organizations), or local associations of employees
  • 501(c)(5)—Labor, agricultural, or horticultural organizations
  • 501(c)(6)—Business leagues, chambers of commerce, etc.
  • 501(c)(7)—Social clubs
  • 501(c)(8)—Fraternal beneficiary societies, etc., providing life, sick, accident, or other benefits to members
  • 501(c)(9)—Voluntary employees’ beneficiary associations (Parts I through IV and
  • 501(c)(10)—Domestic fraternal societies, orders, etc., not providing life, sick, accident, or other benefits
  • 501(c)(12)—Benevolent life insurance associations, mutual ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations
  • 501(c)(13)—Cemeteries, crematoria, and like corporations
  • 501(c)(15)—Mutual insurance companies or associations, other than life or marine
  • 501(c)(17)—Trusts providing for the payment of supplemental unemployment compensation benefits
  • 501(c)(19)—A post, organization, auxiliary unit, etc., of past or present members of the Armed Forces of the United States
  • 501(c)(25)—Title holding corporations or trusts

To read more about Types of Tax Exemptions click here.