Who 990 Schedule Regions 2023-2024

Hey folks, this is Steve with Nonprofit Ally. Today, I'm going to be going over the 501c3 application for nonprofits. The form you'll be filling out and submitting to the IRS is called Form 1023. I'll be going over the application that I'm actually submitting for Noble Pause, a nonprofit we're starting up in Alaska. I'll take you through the different sections of the 501c3 application and give you an idea of what to expect when filling out this form. First, there are a number of things you need to have in place prior to filling out Form 1023, and I'll go over those so you can be prepared. Now, let's get into the details of the IRS Form 1023 application. The first thing you'll have is the Form 1023 checklist, which needs to be turned in with your application. Then, there is the actual Form 1023 application, which is about 14 pages long. Along with the application, you'll also need to submit your articles of organization, which should have already been filed with your state. If there have been any amendments to your articles of organization or your Articles of Incorporation, be sure to include those as well. Additionally, you need to include your bylaws, which should already have been approved at your first nonprofit meeting. Attachments are required for different sections of the application process that require more detailed information. Each attachment corresponds to a specific section of the application. Lastly, you need to pay the IRS a fee of $850 for applying for your 501c3 status. You'll also need an EIN (Employer Identification Number), which you can easily obtain online. Now, let's dive into the more detailed version of the Form 1023. The form can be downloaded as a PDF file from the IRS website. As you go through...