501 c 3 process for iowa coad s and long term recovery committees
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501 (c)3 Process for Iowa COAD’s and Long Term Recovery Committees. Form a board of directors and set up your financial structure. Really, any number is ok. The IDHRC has a board of 15.

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Applying for 501 c 3 status

  • Form a board of directors and set up your financial structure.

    • Really, any number is ok. The IDHRC has a board of 15.

  • File for a Federal Employer ID Number (EIN) online at http://www.ein-gov.us/. You will also need this number to open a bank account.

  • File your forms and documents with the IRS and Iowa Secretary of State.

    • By-laws must be approved by your board of directors. The by-laws will become part of your submission to the Iowa Secretary of State.

    • Incorporation is accomplished through the Secretary of State’s office.  Create your Articles of Incorporation. http://sos.iowa.gov/nonprofits/forming.html details requirements for the Articles of Incorporation along with other requirements (corporate name restrictions, etc.).

Applying for 501 (c)3 Status


Applying for 501 c 3 status1

  • Form 1023 and instructions are available at structure.http://www.irs.gov/pub/irs-pdf/f1023.pdf. This is the IRS application for tax exempt status. CPA’s and attorneys may be very helpful with this step.

  • The IRS will send a decision letter once your application has been reviewed and any additional questions that may come up are answered.

Applying for 501 (c)3 Status


Questions

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