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Learn How to Get 501c3 Tax Exempt Online
Highest Rated
Rating: 4.7 out of 5(107 ratings)
878 students

Learn How to Get 501c3 Tax Exempt Online

How to complete US 501c3 Tax Exempt Applications Online for
Highest Rated
Created byDr. Margaret Jamal
Last updated 10/2015
English

What you'll learn

  • Apply for a US tax Exempt Status online
  • Register Corporate Name
  • File for an Articles of Incorporation
  • Apply for an instant Tax ID online

Course content

1 section • 17 lectures • 59m total length

  • Course Overview - What is Covered1:48

    This lecture explains what will be covered in this course.

  • Nonprofit Terminology Primer
  • Basic Budget Essentials for Nonprofits9:13

    This lecture will explain the difference between an organizational and project budget and why organizations should prepare both. This lecture will also demonstrate the issues that are to be included in project budgets and point out areas where they differ from organizational budgets.

  • PRACTICE INSTRUCTIONS: Basic Budget Essentials for Nonprofits1:00
  • REAL WORLD PRACTICE: Develop a Project Budget2:00

    Download the the Project Budget PDF file to complete this assignment. Complete a Project Budget, adding Descriptions, Overall Expense along with the Full time Equivalency percentage of time and resources spent on the project. Enter FTE as decimals. The format will convert to percentages automatically.

  • Do It Yourself - Determining Your Eligibility3:23

    This lecture guides students through first determining if they are eligible to use a new and easier tax exempt application.

  • REAL WORLD PRACTICE: Determine Your Eligibility1:00
  • Getting Your Name4:35

    In today's nonprofit arena the Organization's name can help or hurt their chances for getting funded. If another organization shares your name, it can put your organization at risk for being associated with them. The other organization with your same name can even receive donations that donors thought were being given to your cause. This lecture will guide students through steps for making certain that they are able to use the name that they believe is best for them.

  • REAL WORLD PRACTICE: Getting Your Name1:00
  • Filing Incorporation Articles5:13

    This registers you with your state in order for your organization to legally conduct business. This lecture guides you through the process of securing your organization's ability to operate according to your state.

  • REAL WORLD PRACTICE: Articles of Incorporation1:00
  • Getting Your Tax ID Number9:39

    Organizations must have a tax number in order to register for nonprofit tax exempt status. The requirements are basically the same although the application process may be slightly different from state to state, This lecture guides students through getting the application online to help expedite the filing process.

  • REAL WORLD PRACTICE: Getting Your Tax ID Number1:00
  • Light on Accountability for Grant Makers1:42

    Grant makers weigh in on their concerns regarding potential donor recipients. This lecture features a report that has greatly impacted how donors who offer grants approach their giving.

  • The Fiscal Sponsorship Option5:20

    For those nonprofit Startups who either do not want to deal with the financial administration or who may want to apply for sizable funding and grants, Fiscal Sponsorship may be a great option. This lecture features a short information session with an established fiscal sponsor.

  • REAL WORLD PRACTICE: The Fiscal Sponsorship Option1:00
  • Filing Your 1023 EZ Application Part 110:09

    This lecture explains the registration process required to initiate the online application for the 1023 EZ form.

  • Filing Your 1023 EZ Application Part 28:29

    This lecture continues explaining how to complete the remaining parts in the 1023 EZ online application.

Requirements

  • Students should have completed How to Build Your Nonprofit Startup- Part 1 to have required information.
  • Students should be able to type info in Adobe PDF files in order to Complete assignments within the system.
  • Students should be familiar with navigating online, saving and retrieving online files.
  • Students should be able to legally apply for 501c3 status in the US.

Description

In this course, aspiring Nonprofit startups will learn to account for the legitimacy of their organizations by gaining the proper documentation in less time and less money than it took prior to 2014. Fortunately today's technology will allow applicants to complete virtually all of their filing online. Students will learn how to complete applications leading to tax exempt status online. This will allow donors to receive tax related credit as a reward for giving to your cause. Students will also learn how to develop a project budget summary. This is important because many people are denied funding because their budget does not line up with their proposed projects. Additionally students will learn about the pros and cons of securing a fiscal sponsor and how to get one. NOTE: While the information learned will be quite useful, organizations that are absolutely certain that they will receive over $50,000 in each of the first 3 years of operation or churches that are not planning to house or operate social  or charitable services may not be able to apply through this online method.

Since this is a follow up course from How to Build Your Nonprofit Startup- Part 1, Students should have completed the exercises from that previous course. They will need to have access to their assignment results. Students need to be able to type info in Adobe PDF files in order to complete assignments within the system. They have the option to download and print those documents as well for manual completion. Students should be able to download, save and retrieve downloaded files to successfully complete course assignments.

The Course Structure includes: video lectures, quizzes, along with hands on assignments.

This Course may be completed in a 3 hours over the course of the number of days that it takes to receive feedback from applications.

Keywords include: nonprofit, startup,tax exempt, 501c3, 1023, fiscal sponsor, fiscal sponsorship, EIN, Articles of Incorporation, Tax ID

Who this course is for:

  • This Course is intended for Nonprofit start-ups who want to obtain their tax exempt status in the US and those seeking to build a Human Services project. IMPORTANT NOTE: This online process is for those who DO NOT expect to receive more than $50,000 in the first 3 years of operation. The information and exercises are especially useful for those intending to apply for grants or seek funding.

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