A non-profit corporation is an incorporated organization that is not intended to distribute profit to its members or owners, but instead uses them to pursue its goals. Non-profit does not literally mean that a non-profit corporation cannot make a profit. A non-profit can take in more many than it spends, as long as the non-profit is organized and operating from a non-profit purpose. Tax-free profits may be used for the benefit of the organization or for operating expenses (including officer, director and employee salaries. However, profits, in the form of dividends, cannot be distributed to its officers, directors or employees.
We can also professionally prepare your 501(c)(3) application, after filing of your Articles of Incorporation.
This is an important step provides you with tax-exempt status and allows contributors to make tax-deductible
donations to your non-profit Let us focus on the complexities while you devote your time and energy to fundraising
and growing your non-profit corporation.
To incorporate your nonprofit, you get attorney-drafted documents, input on how to set up your nonprofit to qualify for 501c3 tax exempt status PLUS tips on operating and applying for grants and donations.
Although no guarantee can be made that the IRS will approve your tax-exempt application, in nearly fifteen years of practice in the nonprofit sector the IRS has never declined to issue a favorable determination letter based upon an application prepared by CBA.
Articles of Incorporation
Bylaws with conflict of interest provisions
Conflict of Interest Disclosure Form
Employer identification number
(needed to open bank account and file for recognition of tax exempt status)
Preparing and filing initial Statement of Information
Preparing and filing IRS Form 1023 or 1024 tax exempt application
Preparing and filing paperwork to obtain state tax exemption
Following up with IRS on your organization's behalf
Electronic Training Kit covering Initial Meeting, Annual Meeting, Minutes and More
State filing fees and rush service are included with the package
All documents are prepared by CBA.
Benefits of 501(c)3 Tax Exempt Status
The main benefits include:
Tax-free income - Organizational income is deemed tax-free.
Tax-deductible donations - Donors can receive a tax deduction for their donations
Employee benefits - Employees are eligible for various fringe benefits, including group life insurance,
health insurance, corporate pension plans, etc.
Grants - The organization will be able to apply for and receive public and private grants.
Postage - Receive discounts on postage rates
Public Service Announcements - Reduced rates for radio and public service announcements (PSAs) in the local media.