501C3EZ Blogs

If you are considering setting up a non-profit organization, you may have heard of 501c3 services. This service is an important part of the process of setting up a tax-exempt organization. A 501c3 is an IRS designation that recognizes certain nonprofit organizations as tax-exempt. For an organization to be eligible for 501c3 services status, it must meet certain criteria set forth by the Internal Revenue Service. These criteria include having a charitable, educational, religious, or scientific purpose, having a non-profit structure, and filing certain documents with the IRS. There Are Three Primary Sorts of Altruistic Associations The IRS assigns eight classes of associations that might be permitted to work as 501c3 services. Most associations are qualified to become one of the three primary classifications, including public causes, confidential establishments, and confidential working establishments. Public Foundations Public foundations are the most well-known kind of 501(c...

Have you ever contemplated whether or not you need to bring in a 501c3 consultant to help you achieve your goals? Sometimes it can be hard to determine whether or not you need to hire a person or firm for support. However there are three instances when you should strongly consider it: when you need subject matter expertise; when you could use outside perspective; and when you need a strong facilitator to help you break through the clutter and set clear priorities for you and your team.  First and foremost, your 501c3 consultant s should bring expertise that you don’t already have on your team. You hire this person or firm because they have done it before. Which brings up a second point, 501c3 consultants are usually brought on board to assist with specific initiatives, such as rebranding, strategic planning or fundraising and resource development. You bring in a consultant in these areas because they know the process, they know the opportunities, but most importantly, they know ...

Section 501(c)(3) of the Internal Revenue Code gives nonprofit organizations the benefit of federal tax exemptions. This applies to organizations that are public charities, private foundations, or private operating foundations. The Internal Revenue Service oversees and administers it as a part of the US Department of Treasury. Other 501(c) organizations fall into the categories listed in 501(c)(1) to 501(c)(29). This discussion will focus on 501(c)(3) organizations with 501C3 information . States tend to have other unique provisions. Most states, like the federal government, allow deductions for state income tax purposes. Many states also exempt 501(c)(3) organizations from paying sales tax on purchases as well as from paying property taxes. To qualify nonprofit organizations with 501C3 information , the Post Office offers bulk rate discounts on postage. What is the purpose of a 501c3? Nonprofit organizations may engage in charitable, religious, educational, scientific, literary, or...