Nonprofit Elite Blog

2803, 2022

Can You Start A Nonprofit With No Money?

By |March 28, 2022|Categories: Nonprofit, Starting a Nonprofit|0 Comments

Just like when starting a business, nonprofits also have starting costs in the startup phase. Of course, these costs will differ depending on what your nonprofit will be doing as some will require more than others to start. Unlike starting a business, however, you can actually start up your own nonprofit without your own funds. There are many ways to obtain funding to start your nonprofit, and yes, these methods are legal. Just remember you will still have rules [...]

2103, 2022

What Can A 501c3 Organization NOT Do?

By |March 21, 2022|Categories: 501c3, Nonprofit|0 Comments

A nonprofit, 501c3 organization can do a lot of good for a lot of people. They are incredible ways to give back to your community or those that are less fortunate. A 501c3 also comes with a lot of benefits when it comes to tax exemptions. However, like all things, even 501c3 have limitations on what all they can do. In fact, breaking the rules that govern 501c3 organizations can even have your status revoked. While it’s important [...]

1403, 2022

What Are The 3 Types of 501c3 Nonprofits?

By |March 14, 2022|Categories: 501c3, Nonprofit, Starting a Nonprofit|0 Comments

Starting and maintaining a successful nonprofit organization is not an easy task. There are many steps needed to ensure legitimate 501c3 status with the IRS. The accomplishment of starting your own organization, though, is a fantastic feeling. If you’re in the beginning phases of your nonprofit startup, you probably have several questions including, “What type of nonprofit am I?” A “nonprofit organization” is a broad and very generalized term for an organization that does not distribute profits [...]

103, 2022

Updated and Current Form 1023 Filing Costs for 2022

By |March 1, 2022|Categories: Form 1023|0 Comments

As of January, 2022, the IRS filing fee (or User Fee) for filing IRS Form 1023 is $600 regardless of your organization's previous revenue or projected revenue.  The IRS filing fee or (or User Fee) for filing IRS Form 1023-EZ is now $275, regardless of your organization's previous revenue or projected revenue. This is the same as the filing fee since 2018. For more information on 501c3 application costs or help with formation documents, please call 1-800-268-4388 or email [...]

301, 2022

How Much Does it Cost to File for 501c3 Tax Exemption

By |January 3, 2022|Categories: 501c3, 501c3 Application, Form 1023, IRS|70 Comments

How much does it cost to file for 501c3 tax exemption? That depends on which IRS form you use to file, and you have two options: IRS Form 1023-EZ or IRS Form 1023. Let’s take a look at both options in more detail: Option One: IRS Form 1023-EZ – If you are NOT a church, a school, a hospital, a foreign organization, or a medical research organization/hospital, and if your total projected revenue (gross receipts) is less [...]

2911, 2021

Steps to Start a Nonprofit

By |November 29, 2021|Categories: Starting a Nonprofit|0 Comments

Starting a nonprofit can feel like you're facing a daunting amount of paperwork and filing processes with the IRS. But, what are the steps to start a nonprofit organization? I’m glad you asked! While you can certainly talk to well-meaning advisors who tell you the steps are similar to starting a for-profit corporation, I respectfully disagree. Nonprofit organizations are different than for-profits – different rules, different, roles, and different reasons. Explaining these differences and walking you through these steps [...]

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