Running a 501c3 can be a daunting task, but simply applying for this type of nonprofit status can be a headache in itself. Still, it can ultimately be one of the best decisions you make for your organization. In this article, we will be discussing some ways that you can get your 501c3 approved fast.
Make Sure That All Information Is Provided
Providing all of the information needed on a 501c3 helps the IRS to process all of your documents more quickly. If you omit any required information, it will take much longer for the IRS to verify your eligibility. You’ll need to include information like:
- The names of all of the people who run the company
- The names of all board members
- Mailing addresses, titles, and positions of staff members
- Your staff members’ annual income
The bylaws of the company are another important piece of information that must be included in your 501c3 application. This piece is incredibly important because it establishes the standards by which the nonprofit organization operates.
Make Sure You Know What To Do
Having knowledge about the application process allows you to complete the 501c3 process more easily. For example, you may be able to save yourself time by filling out IRS Form 1023-EZ instead of the standard 1023. The 1023-EZ is 23 pages shorter and is much easier to complete.
Make Sure to Proofread Multiple Times
When filing for nonprofit status, you want to make an excellent, polished impression so that you have the best chance of being approved. If your forms are hard to read or riddled with errors, it will take much longer for the agent reviewing your application to read and interpret the information—and your likelihood of success will diminish accordingly.
Follow these steps to the letter, and before long you’ll be running your very own 501c3 organization.
Want To Know More About 501c3 Nonprofit Services?
For more information about BryteBridge and our innovative nonprofit services, please visit our 501c3 tax-exempt webpage or call 877-857-9002. We may be able to help you get your 501c3 approved fast.
Want to read more about foundations and the charitable nonprofit 501c3 tax-exempt form? Check out our previous article to learn more about running a 501c3 foundation.