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

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.

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1. obtaining your nonprofit EIN number;
2. the development and filing of the proper Articles of Incorporation, Bylaws and Policy Templates;
3. Nonprofit Industry Best Practices information
4. Full 4 year Strategic Plan completed bewteen 6 to 27 months
5. Submission of your Form 1023 for 501c3 Tax Exempt Status

Advantages

1. Meets IRS requirement for filing of Form 1023 Regular
2. Strategic Plan Improves credibility and effectiveness
3. Strategic Plan available through your organization for your public, IRS and State entities, government grantors, foundations, corporations, donors, possible volunteers/board of directors, clients/those interested in your organization to review and develop interest in organization
4. Increased awareness of filing requirements
5. Proper document filing for nonprofit industry standards
6. Awareness of Board of Director duties, roles and responsibilities to the organization

Drawbacks

1. Strategic Plan takes additional time
2. Strategic Plan will cost organization more money

The Strategic Plan Information

• The Four Year Strategic Plan will provide Operations, Programming, Fundraising and budgeting for the three areas that meets IRS and State Rules/Regulations/Laws and Nonprofit Industry Standards and guidelines.
• The application is reviewed by donors, foundations, government agencies and even the general public. With the strategic plan your organization will experience increased credibility and effectiveness of organization, particularly for obtaining grants and large donor contributions.
• Your organization will benefit from the experience and knowledge of CANDO! to ensure your organization will have all the necessary legal documents meeting all IRS and State filing requirements.
• CANDO! ensures your organization files and maintains required Articles of Incorporation five necessary clauses to file with the State, understands proper ByLaws, and proper IRS and nonprofit industry recommended and/or suggested Policies and Procedures.
• Meeting State and IRS requirements for duties, roles and responsibilities of the Board of Directors is imperative to success of new and existing nonprofit organizations. There are also nonprofit industry standards and guidelines for nonprofit Board of Directors.
• A proper Strategic Plan identifying the organization’s mission, meeting of the IRS Charitable Purpose Guidelines, Operations, Programming, Fundraising and Budgeting, ensures the public, IRS and State entities, government grantors, foundations, corporations, donors, possible volunteers/board of directors, clients/those interested in your organization are better able to know, understand, review and develop a strong support and interest in your organization.

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If you did not, for whatever reason, file your Form 990 3 years in a row and the IRS has you on the Auto Revocation list, CANDO!  can assist you and determine with you how to best move forward.

This involves reviewing your organization for reasons why you were revoked, what you want for your nonprofit organization, refile as existing organization or file as a new organization.

WANTED CLOSURE OF NONPROFIT

The IRS (and the State) still require notification of your organization’s closure.  It is best to be OFF the list if you are no longer going to operate.  CANDO!  can assist you in removal/closure from IRS and State records.

The post Revocation of Tax Exempt Status appeared first on CANDO 501c3.

If you prepared your own 501(c)(3) application and want to ensure it is correct, let me review it. Preparing Form 1023 is a huge undertaking. and we can help. But consider the following:

• The IRS ExaminationThe IRS examination process averages 6 – 12 months
• The vast majority of 501(c)(3) applications require multiple follow-up letters by the reviewing agent
• More than 1/3 of self-filers abandon their applications because of the daunting process
• The IRS approval rate for self-filers is less than half that of those prepared by a professional:
  • 40% declined
  • 40% approved with additional questions delaying approval
  • 10% approved without additional questions

CANDO! success rate:

90% approved without questions

10% approved with additional questions

Be prepared for the IRS examination with a correctly prepared application.

CANDO! knows what the IRS is looking for!

The post Application Review Assistance appeared first on CANDO 501c3.

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. Nonprofit Industry Best Practices information
4. Full 4 year Strategic Plan
5. Submission of your Form 1023 for 501c3 Tax Exempt Status

Advantages

1. Quick filing with a usually quick turn around by the IRS
2. Guarantee by CANDO!  
   • Once all necessary and correct information is received from your organization, CANDO!   will submit correct content to IRS and filing can be completed within 30 calendar days. CANDO! does not guarantee IRS approval of application.
3. Strategic Plan Improves credibility and effectiveness
4. Strategic Plan available through your organization for your public, IRS and State entities, government grantors, foundations, corporations, donors, possible volunteers/board of directors, clients/those interested in your organization to review and develop interest in organization
5. Increased of awareness of filing requirements
6. Proper document filing for nonprofit industry standards
7. Awareness of Board of Director duties, roles and responsibilities to the organization

Drawbacks of 1023EZ filing with a full Strategic Plan

1. Strategic Plan takes additional time
2. Strategic Plan will cost organization more money
3. The presentation of the organization’s mission, vision, operations, programming and fundraising plans will not be filed with the organization and will need to be provided and/or obtained by interested organizations or individuals from your organization and not from the IRS as many other organizations are required to do.

The Strategic Plan Information

• After the 1023EZ filing then we work on the Strategic Plan, which is completed between 6 to 27 months.
• The Four Year Strategic Plan will provide Operations, Programming, Fundraising and budgeting for the three areas that meets IRS and State Rules/Regulations/Laws and Nonprofit Industry Standards and guidelines.
• The application is reviewed by donors, foundations, government agencies and even the general public. With the strategic plan your organization will experience increased credibility and effectiveness of organization, particularly for obtaining grants and large donor contributions.
• Although the 1023EZ does not require submission of legal documentation to the IRS, your organization will benefit from the experience and knowledge of CANDO! to ensure your organization will have all the necessary legal documents meeting all IRS and State filing requirements.
• CANDO! ensures your organization files and maintains required Articles of Incorporation five necessary clauses to file with the State, understands proper ByLaws, and proper IRS and nonprofit industry recommended and/or suggested Policies and Procedures.
• Some organizations filing the 1023EZ end up not meeting State and IRS requirements for duties, roles and responsibilities of the Board of Directors to the organization . There are also nonprofit industry standards and guidelines for nonprofit Board of Directors.
• A proper Strategic Plan identifying the organization’s mission, meeting of the IRS Charitable Purpose Guidelines, Operations, Programming, Fundraising and Budgeting, ensures the public, IRS and State entities, government grantors, foundations, corporations, donors, possible volunteers/board of directors, clients/those interested in your organization are better able to know, understand, review and develop a strong support and interest in your organization.

The post 1023EZ with Strategic Plan appeared first on CANDO 501c3.

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. Nonprofit Industry Best Practices information;
4. submission of your Form 1023EZ for 501c3 Tax Exempt Status.

Advantages

• Quick filing with a usually quick turn around by the IRS
• Guarantee by CANDO! 
  • Once all necessary and correct information is received from your organization, CANDO! will submit correct content to IRS and filing can be completed within 30 calendar days. CANDO! does not guarantee IRS approval of application.

Drawbacks of 1023EZ filing:

• May affect credibility and effectiveness
• No submitted documentation to IRS and/or State may impact meeting of IRS and State filings
• Lack of awareness of filing requirements
• Incomplete document filing for nonprofit industry standards
• Lack of Board of Director duties, roles and responsibilities to the organization
• No strategic plan for public, IRS and State entities, government grantors, foundations, corporations, donors, possible volunteers/board of directors, clients/those interested in your organization to review and develop interest in organization

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