Effective July 1, 2014, the IRS implemented a new, streamlined application process for smaller organizations seeking tax-exempt status as under IRC section 501(c)(3) . Replacing the old, longer Form 1023, the new, shorter, and electronic Form 1023-EZ is the IRS’s solution to reduce the existing backlog of applications for tax-exemption. Although this will not affect every 501(c)(3) applicant, the IRS estimates that 70% of applicants will be able to use the Form 1023-EZ. Who can file a Form 1023-EZ? Filing a Form 1023-EZ is generally available for certain U.S. organizations with assets of $250,000 or less and annual gross......
Continue
501c3, Articles, charitable solicitation, Crowdfunding, Crowdfunding Act, L3C, nonprofit, Social Enterprise, Social Entrepreneur, social entrepreneurship, tax-exempt |
April 19, 2013
"The Way We Think About Charity is Dead Wrong" by Dan Pallotta
Many people have a misconception about fundraising costs and charitable giving. Too many donors ask to see the numbers on a charity’s overhead and how much of their donated dollar...
501c3, Articles, charitable solicitation, nonprofit, tax-exempt, Unified Registration Statement |
April 10, 2013
Online Charitable Solicitations: 4 Tips for Using the "Donate Here" Button
Your shiny new website is up and running. And, like most tax-exempt nonprofit organizations, your website prominently displays a “donate here” button. What better way to solicit charitable donations from...