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Ames MakerSpace Message Board › 501c3 Resources,Todo List, Questions

501c3 Resources,Todo List, Questions

Ames M.
user 25881012
Group Organizer
Ames, IA
Post #: 4
Reply to this post with additional Resource links, questions, answers and todo list items that are completed or need to be added. I'll keep the this post updated.

Resources:

  • www.irs.gov/pub/irs-pdf/f1023.pdf
  • form1023.org/


Q and A:
Q: How much does filing a 1023 cost?
A: $400 because our anual income is below $5000.


Things that need to happen for our application:

  • Board Election
  • Propose and Vote in changes to section 1.3 of the Bylaws
  • Raise $400
  • Review and prepare Revenue statement for 2010 through present
  • Project revenue for next 3 years
  • Add provisions to bylaws that prevent favoritism to contractors that are board/committee members

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