Thinking About Starting A Nonprofit?
NonProfit Consulting Group has the experience to guide you through the entire process of starting a nonprofit.
Starting your own Nonprofit? Here’s how NPCG can help...
Your passion about a cause or industry has led you to this
exciting moment. As you focus on the
next steps, let Nonprofit Consulting Group (NPCG) be your working partner to
prepare the compliance documents required to create and maintain a new
nonprofit.
We offer a complete, start-up package that includes:
·
Reserving the desired nonprofit
name in the desired state of incorporation
·
Drafting, filing, and publishing
articles of incorporation
·
Obtaining a tax identification
number
·
Drafting customized By-Laws
·
Drafting organizational meeting
minutes with required resolutions
·
Drafting various governance
policies the IRS recommends as applicable including, conflict of interest, gift
acceptance, document retention and destruction, joint venture, fundraising,
compensation, and travel and expense reimbursement
·
Drafting and filing the Form 2848
Power of Attorney
·
Drafting and filing the IRS
exemption application (either Form 1023 or 1024) and related statements
·
Representation before the IRS and
response to any IRS follow-up questions
·
Drafting certain ancillary
documents that may be called for by the business plan including scholarship
guidelines, grant agreements, and resource sharing agreements
·
Providing an Action List of
start-up tasks
·
Providing a Board Action Calendar
summarizing key governance and compliance deadlines
·
Providing a letter detailing the
laws and operational restrictions that govern the organization’s activities
Our typical timeline for project completion can be two to three weeks from date of agreement.This includes reviewing the information you’ve provided and clarifying any additional questions you or we may have about your plans.Then we begin preparing articles of incorporation, bylaws and organizational meeting minutes, governance policies, along with the required IRS forms. Once drafts have been prepared, they will be sent to you for review and approval prior to filing with the IRS.
What happens next?
Once the application is filed, the IRS typically takes
approximately three weeks to acknowledge its receipt and begin the screening
process. Should they determine the application does not raise issues of fact or
law, completion will take within a few weeks to a few months. Should the IRS
have issues or concerns, a reviewer will be assigned to the application.
Current processing times for applications assigned to a reviewer are posted on
the IRS its website at(cut and paste the link below to your web browser):
https://www.irs.gov/charities-non-profits
Raising funds for your new nonprofit
The IRS’s determination of exemption will be retroactive to your
date of formation provided the organization files its Form 1023 Application for
Recognition of Exemption within 27 months of the date the entity is legally
formed, and is ultimately successful in obtaining tax-exempt status. To raise funds prior to the date the IRS
determination letter is issued, new entities like yours should explain to
potential donors that an application for tax-exempt status is pending. Donors
who claim a charitable contribution deduction for their gifts before then take
the risk of an adverse IRS decision.
Application and acceptance of grant funding
Organizations whose status is pending can apply for grant funding and either defer acceptance of the grant if the grant-maker is willing or find a fiscal sponsor. A fiscal sponsor is a recognized charitable organization that is willing to offer legal and fiscal sponsorship of the project until the organization receives its tax-exempt status.