Nonprofit Elite Blog
Updated and Current Form 1023 Filing Costs for 2022
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 [...]
Steps to Start a Nonprofit
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 [...]
501c3 Filing Fee
Nonprofit organizations filing IRS Form 1023 – Application for Recognition of Exemption must include a Form 1023 User Fee payment as part of their application for either $400 or $850, made payable by check to the United States Treasury.
The Form 1023 filing fee amount is determined by your organization’s annual revenue over the next four years, and the IRS uses $10,000 per year as its benchmark. For example, if your organization’s projected annual revenue averages $10,000 or more during the next four years, then your application fee is $850. If your organization’s projected annual revenue averages less than $10,000 during the next four years, then your application fee is $400.
Is Your IRS Form 990 Due May 15th? We Can Help!
Is Your IRS Form 990 Due May 15th? We Can Help! Most nonprofit organizations are required to file IRS Form 990 each year to stay compliant with the IRS (churches are an exception). Form 990 is due five months and fifteen days after the end of your fiscal year. For those with a January-December accounting year, this means May 15 is your due date! Which Form 990 you file is determined by whether or not your organization [...]
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A Nonprofit Fighting Sex Trafficking in Texas
In 2014, Angie Goeke and Alicia Maroney attended a presentation about the prevalence of child sex trafficking in their city of Katy, Texas, and decided to take action. After careful planning and research, they contacted Nonprofit Elite and formed a 501c3 organization called Not In Our City. Not In Our City (NIOC) works in the Houston area and utilizes a three-pronged approach to advance their mission: First, they inform their community about the frequency of child sex trafficking through [...]