What Is Form 990 and Why Is It Important for Nonprofits to File a 990 Tax Return?
105(c)(3) organizations may be tax-exempt, but they need to file an information form with the IRS, known as Form 990. The form ensures that nonprofits continue to conduct their business in a way that is consistent with their beneficial or charitable goals. Officially, Form 990 is known as the Return of Organization Exempt From Income Tax […]
What is the Difference between Nonprofit on a State Level and the 501(c) (3) IRS Level?
Considering the tedious paperwork and legal terms and jargon, setting up a nonprofit organization can be quite confusing and daunting. Many people confuse nonprofits on a state level with nonprofits on the 501(c)(3) IRS level. It is must be noted that while many areas of these two types of organizations overlap, they are not entirely […]
Why Do People Want to Set Up Nonprofits?
Starting a nonprofit organization can be an incredibly rewarding experience. However, starting and running a nonprofit is a serious business. Therefore, before jumping into setting up a nonprofit, it is important to learn why people set up nonprofits. Familiarize yourself with the benefits of nonprofits to decide if this type of opportunity is right for […]
Setting Up a Tax-Exempt Organization 501(c) (3) in 3 Steps
Starting a nonprofit organization can be very rewarding. However, the process of setting up a nonprofit, especially a tax-exempt organization with a 501(c) (3) status, can be very challenging. From preparing comprehensive paperwork to filling out several forms, a lot of work is required to start up a tax-exempt organization 501(c) (3). Even a tiny […]
