Stage 5 of Non-Profit Incorporation: Sustain

Sustain Legal Non-Profit from The Startup Garage
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File Annual Registrations with the IRS

  • IRS Form 990, Return of Organizations Exempt from Income Tax, is the most detailed and misunderstood filing for non-profits.  It is a complete documentation of an organization’s financial history and is often used to hold the organization accountable for its past actions and future decisions.  Recent rulings by the IRS state that nonprofit organizations must make their Form 990 and applications for tax-exempt status widely accessible and available to anyone upon request.

File Periodic Registrations with your state of incorporation

  • In California, a biennial Statement of Information can be submitted on Form SI-100.
  • For all other states, search for your state’s Statement of Information form online.  The form can also be called the Biennial Statement or the Annual Report.
  • In California, charitable corporations with gross revenues of over $2 million must prepare annual financial statements and have them audited by an independent certified public accountant (CPA).
  • For financial reporting requirements in other states, please look at the National Association of State Charity Officials website.

Apply for bulk mail permit at your local post office

  • Non-profits can receive a discount on their outgoing mail expenses.

Understand and comply with your state’s ethics and accountability laws

  • In California, the Nonprofit Integrity Act is available here.  In other states, consult your state Attorney General’s web site.

 

Whether you have a question about Non-Profit Sustainability, or you’d like to discuss our business plan writing services, feel free to contact us for a free consultation!
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About Tyler Jensen

I work with entrepreneurs who are looking to attract investment and get out of the "Garage". I am passionate about helping entrepreneurs start companies that matter. I helped launch over 100 Companies, Non-Profits and Social Enterprises. I consider myself a serial entrepreneur, startup coach & trusted advisor. * Launching New Companies (For Profit, Non-Profit and Social Enterprise) * Expert Business Plan Writer * Extensive Network of Business Relationships focused on Launch & Rapid Growth of New Companies * Startup, Growth, Marketing, Technology, Web, Business Systems * Trusted Advisor to CEO’s & Entrepreneurs * Capital Raising Strategy Development * Startup Team Development The first company I started and sold is VAVi Sport & Social Club which grew to over 25,000 members in six years, was recognized as San Diego’s 30th fastest growing private company in 2006 by the San Diego Business Journal and 32nd fastest in 2007, and sold for over 25X the capital investment.