Registering a non-profit corporation consists of two steps. First register your nonprofit articles with Nevada Secretary of State and then file 501(c)3 status application with IRS. Once your corporation is registered with the State of Nevada, the next step in obtaining 501 (c) (3) qualification is to file the IRS’ Application for Recognition of Exemption under Section 501(c)(3) of the Internal Revenue Code. Section 501(c)(3) status would provide your non profit corporation with the following benefits: public recognition of tax exempt status, which is particularly beneficial for obtaining grants; advance assurance to potential donors of the deductibility of contributions; exemption from certain Federal excise taxes; and even non profit mailing privileges. The IRS application process to obtain this tax-exempt status can be a very complex and tedious one. Therefore, we strongly recommend you seek our assistance in obtaining this status.
To apply for recognition by the IRS of exempt status under section 501(c)(3) of the Code. The non-profit application must be completed and accompanied by the appropriate user fee. There are different legal statuses for nonprofits, one of them being a 501(c)(3), which is exempt from income and (sometimes) property tax, and able to receive tax-deductible charitable contributions.
As a non-profit organization, you exist to accomplish your mission, which should be crafted based upon your purpose, services and values. The mission statement is a precise statement that covers in one or two sentences who the organization is, what it does, for whom and where. It should also be compelling, as it will be used in all published materials, funding requests and public relations. It should also portray how your organization is distinct from others.
The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency.
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