Learn How to Get 501c3 Tax Exempt Online
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Learn How to Get 501c3 Tax Exempt Online

How to Build Your Nonprofit Startup Part II-Budgets and 501c3 Tax Exempt Applications
4.6 (9 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
73 students enrolled
Last updated 10/2015
English
Current price: $10 Original price: $50 Discount: 80% off
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Includes:
  • 1 hour on-demand video
  • 7 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
Develop a Project Budget, Apply for a tax Exempt Status online; Register Corporate Name, File for an Articles of Incorporation, Apply for an instant Tax ID online; Apply for Fiscal Sponsorship.
View Curriculum
Requirements
  • 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.
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.

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 is the target audience?
  • This Course is intended for Nonprofit start-ups who want to obtain their tax exempt status and those seeking to build a Human Services project. The information and exercises are especially useful for those intending to apply for grants or seek funding.
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Curriculum For This Course
Expand All 17 Lectures Collapse All 17 Lectures 01:07:31
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Start Here
17 Lectures 59:31

This lecture explains what will be covered in this course.

Preview 01:48

This segment will allow you to review some nonprofit related terminology to identify and reinforce what you may already know and understand. It will also help you to become familiar with terms that you may not know but will however encounter in this course.

Nonprofit Terminology Primer
5 questions

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.

Preview 09:13


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.

REAL WORLD PRACTICE: Develop a Project Budget
2 pages

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

Do It Yourself - Determining Your Eligibility
03:23

REAL WORLD PRACTICE: Determine Your Eligibility
1 page

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.

Preview 04:35

REAL WORLD PRACTICE: Getting Your Name
1 page

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.

Filing Incorporation Articles
05:13

REAL WORLD PRACTICE: Articles of Incorporation
1 page

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.

Getting Your Tax ID Number
09:39

REAL WORLD PRACTICE: Getting Your Tax ID Number
1 page

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.

Light on Accountability for Grant Makers
01:42

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.

The Fiscal Sponsorship Option
05:20

REAL WORLD PRACTICE: The Fiscal Sponsorship Option
1 page

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

Filing Your 1023 EZ Application Part 1
10:09

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

Filing Your 1023 EZ Application Part 2
08:29
About the Instructor
Dr. Margaret Jamal
4.4 Average rating
28 Reviews
153 Students
2 Courses
Nonprofit and Human Services Developer/Instructor

Margaret Jamal, PhD, CPhD, Author, Instructor: Doctorate Human Services and Spiritual Caregiving; Certified in Pastoral Care Giving; Certified Philanthropic Development Officer, Youth Development Practitioner; Founder of the R.A.T.E.S Foundation.

When (R.A.T.E.S.™) emerged out of a community outreach project to help unite businesses, churches and community organizations to meet the needs of the homeless, hungry and neglected children. R.A.T.E.S is an acronym, which stands for Response-ability, Account-ability, Evaluation-ability, and Sustain-ability. R.A.T.E.S.™ principles help to establish a mutually accepted platform of skills and resource development that each participant would commit to learning. This platform allows for an effective synergistic, ane integrated collaboration environment.

Dr. Jamal has extensive Adult Training and Instructional Development experience including providing software and technical training & consulting; Curriculum development for companies including AT&T, Children's World Learning Center; Contract Database & web development for Charles Schwab;

Among her published works, Dr. Jamal has authored guide books for organizational development and resource development. Her titles include: R.A.T.E.S. Principles (Timeless Principles for Successful Nonprofits and Human Services), Faith Legacies-Guide for Faith-based Non-Profits, My Grant Writing Secrets, National Treasures- Foundation Grants, Beware of Wolves- The Rise of Psycho-Spiritual Terrorism in the Church, When Girls Don't Tell.

Dr. Margaret considers her most important responsibilities (privileges) as follows: Ordained Minister, Wife, Mother, Partner (Social service partner with husband). Other Skills include: Curriculum Design, E-Learning Software (Adope Captivate, Audition, Flash,Articulate Storyline, Lectora SNAP); Microsoft Office Suite, Photoshop; Grant Writing; Organizational Development and Management, copywriter, talk show host musician/vocalist.