If you raise money from the general public in Georgia, you may need to make a special filing with the Secretary of State’s office. Here’s a quick review of what you’re required to file, and where.
Because nonprofits enjoy a significant discount on application fees for outdoor festival and alcohol permits in Atlanta, some for-profit entities have asked nonprofits to apply for such permits on their behalf. This article lays out some of the risks nonprofits should consider before agreeing to file for a permit on a for-profit’s behalf.
Complying with charitable solicitation registration, annual renewals and filings, and disclosure statement requirements for multiple states takes a lot of time and requires detailed and dedicated focus. There are many companies that provide this service at a reasonable cost. This is a chart comparing various charitable solicitation compliance companies. Pro Bono Partnership of Atlanta does not endorse any of these companies.
Did you get incorporated in one state and then move your operations?
A nonprofit organization’s tax-exempt status is tied to its incorporation. The IRS decides whether to recognize a nonprofit as tax-exempt under §501(c)(3) of the Internal Revenue Code based on its articles of incorporation and bylaws. If your organization incorporates in one state and obtains its §501(c)(3) status then later decides to move states, the organization should not reincorporate in the new state. The organization should instead maintain its incorporation in the original state (including filing its annual registration and reports) and also register as a foreign corporation in the new state, if required to do so under that state’s law. For more information about registering as a foreign nonprofit corporation in Georgia, please see the article attached.
A nonprofit organization that plans to end its operations should complete certain steps including adopting resolutions and making government filings. An organization that closes without following proper procedures could expose itself to lawsuits from claimants and creditors and IRS enforcement actions. This article provides a broad overview of the dissolution process.
On June 27, 2014, the IRS released a new form – Form 1023EZ — which will simplify and streamline the 501(c)(3) application process for small nonprofits without complex issues. This article covers the benefits of the new form and explains which nonprofits may take advantage of it.
This article presents the steps for changing the legal name of a 501(c)(3) tax-exempt, nonprofit organization in Georgia.
File Your Form 990!
Here at Pro Bono Partnership of Atlanta, we continue to hear from nonprofits that have lost their 501(c)(3) status for failure to file their Form 990s or that are subject to large penalties by the IRS for filing their Form 990 late or for filing incorrect or incomplete versions. One of our clients recently received a notice from the IRS that it owes over $9000 in penalties for filing their Form 990 late. Avoid these costly mistakes by making sure to file the correct version of the Form
990 completely and on time. Remember, if your fiscal year ends on December 31,your 2013 Form 990 will be due on May 15 unless you get an extension in advance of that date. For other important information about filing Form 990s, please see
our FAQs on the topic.
U.S. nonprofits that operate internationally and open bank accounts in foreign countries need to be aware of the federal reporting requirements for foreign bank accounts. This article explains the filing requirements of FBAR.
In this useful resource, Metcalf Davis CPAs have added notes to a standard Form 990 to help nonprofit board members and officers review the form and understand the significance of various provisions.