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Attachment Friends of the Manitous 38-2109876 Form 1023 Part IV Narrative Description of Your Organization The Friends of the Manitous is an incorporated membership organization founded in July of 2006 by former residents of Michigan s North and South Manitou islands. Membership in the organization is open to anyone interested in the islands. Working in cooperation with the National Park Service we help discover document and disseminate factual information about the human history and cultural...

How to fill out 1023 description part form

How to fill out Form 1023 tax form:

1. Begin by gathering all necessary information and documentation, including the organization's name, address, EIN, and financial records.
2. Provide a detailed description of the organization's purpose, activities, and intended benefits to the community.
3. Complete the financial section, which includes reporting the organization's assets, expenses, and sources of income.
4. Attach any required schedules or additional documents, such as Articles of Incorporation or bylaws.
5. Review the completed form for accuracy and completeness before submitting it to the IRS.

Who needs Form 1023 tax form:

1. Nonprofit organizations, including charities, foundations, and other tax-exempt entities, are generally required to file Form 1023 to apply for recognition of tax-exempt status.
2. It is particularly important for organizations seeking 501(c)(3) status, as this designation allows them to receive tax-deductible contributions and enjoy other tax benefits.
3. Form 1023 is necessary for organizations that anticipate or exceed a certain amount of gross receipts and wish to establish their tax-exempt status under federal law.

Video instructions and help with filling out and completing 1023 description part form

Instructions and Help about sample narrative description of activities form 1023 for a school

Hi I'm Belinda Whitfield, and I've been preparing 501c3 applications for over 15 years I have a 100% success rate my 501 C 3 applications are approved by the IRS with no questions asked what I like to do is share with you my trade secrets to help you get your 501 C 3 application of free so let's say you're starting a community development program or your organization is actually up and running, and you're ready to take that next bold step to get your 501 C 3 now if you just don't have $2,000 to hire professionals to do this work for you then you're in the right place because our inexpensive 501 C 3 application kit is going to really help save you a lot of money now if you just don't like dealing with a lot of paperwork then you just may want to delegate to a pro so check out my 501c3 done-for-you services page on my website but let's say you're in, and you're ready to roll up your sleeves and get this done well I've packaged my trade secrets into a sample 501c3 application kit, and it's actually a zip file and in this file you're going to get an actual form 10:23 that was sent to the IRS and was approved with no questions asked you're going to get the opportunity to see page by page and actual perfect 501c3 application in addition to that I've actually gone through form 10 23 and completed over 80% of the questions for you that's right I have given the appropriate yes or no responses to over 80% of those questions, so you don't have to about that also if you actually looked at font in 23 you'll notice that there are a ton of questions where they would say things like if the responses yes then please explain or if the responses know that please explain don't worry about that we've actually put together the document that includes the appropriate responses for all of those confusing questions on that forum 73 so let's say you're writing your narrative for your community program now we have packed this sample kit for a CDC with a lot of different programs and activities you're actually going to find descriptions for things like transitional living programs life skills workshops things like counseling etiquette parenting skills anger management health and nutrition financial planning and budgeting Bible study employment counseling and career counseling we have even included a community recreation center childcare services which even includes active care programming we've also included the elderly housing community program as well as a low-income housing program I mean this kid is jam-packed we've also added to this kit in fact this is more of an all-in-one type of kit because we've even included the descriptions for the for admissions programs that outreach ministries are also included in the kit and also as I mentioned we've even the transitional programs are in that kit we've also included even an extensive write-up on different youth programs which includes field trips dazzled us thrilled teens sports activity is so much more even we've also done...

For pdfFiller’s FAQs

Who is required to file 1023 tax form?

Organizations that are applying for tax-exempt status from the Internal Revenue Service (IRS) must file Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. This includes nonprofit organizations, charities, religious organizations, educational institutions, and other types of public charities.

When is the deadline to file 1023 tax form in 2023?

The deadline to file Form 1023 in 2023 is May 17, 2023.

What is the penalty for the late filing of 1023 tax form?

The penalty for the late filing of the 1023 tax form is $20 per day, up to a maximum of $10,000 or 5 percent of the gross receipts, whichever is less.

What is 1023 tax form?

The 1023 tax form, officially known as Form 1023, is an application form used by organizations seeking tax-exempt status under section 501(c)(3) of the Internal Revenue Code. This form is used to apply for recognition of exemption from federal income tax for charitable organizations, educational institutions, religious organizations, scientific organizations, and other nonprofit organizations. The form requires detailed information about the organization's purpose, activities, governance, finances, and other relevant information. The IRS reviews the form to determine if the organization qualifies for tax-exempt status.

How to fill out 1023 tax form?

Filling out Form 1023 to apply for tax-exempt status can be a complex process. Here are the basic steps to help guide you, but please note that it's important to consult with a tax professional or attorney to ensure accuracy and compliance with the IRS guidelines. 1. Obtain and review the latest version of Form 1023: Visit the official IRS website (www.irs.gov) to download the most recent version of Form 1023 and its instructions. 2. Determine your organization's eligibility: Verify if your organization meets the requirements for tax-exempt status under a specific tax code, such as 501(c)(3). Review the IRS guidelines and refer to the instructions accompanying Form 1023 to confirm eligibility. 3. Complete Part I - Identification of Applicant: Provide your organization's legal name, address, and contact information. Include details regarding any name changes or mergers, if applicable. 4. Complete Part II - Organizational Structure: Answer questions related to the organization's legal structure, purpose, and activities. Describe your organization's mission, programs, and how they benefit the public. 5. Complete Part III - Required Provisions: Provide information about your organization's founding documents, such as articles of incorporation, bylaws, and any other governing documents. Demonstrate compliance with the necessary provisions for tax-exempt organizations. 6. Complete Part IV - Narrative Description of your Activities: Provide a detailed account of your organization's past, present, and planned activities. Include information on who benefits from these activities and how they contribute to your stated mission. 7. Complete Part V - Compensation and Other Financial Arrangements: Declare any potential conflicts of interest, compensation arrangements, or shared financial interests among officers, directors, or key individuals. Be transparent about the organization's financial structure and arrangements. 8. Complete Part VI - Statements Regarding Other IRS Filings and Tax Compliance: Answer questions about previous IRS filings, such as Forms 990, and about any unpaid taxes or penalties. 9. Complete Parts VII-IX - Financial Data: Provide financial statements and relevant information, including revenue and expense reports, balance sheets, budgets, and fundraising activities. Make sure to follow the specific instructions for the financial data section. 10. Complete Part X - User Fee: Determine the appropriate user fee and payment method required to submit with Form 1023. Refer to the instructions for the current fee amount and acceptable payment methods. 11. Attach additional documentation: Include any necessary attachments, such as the organization's founding documents, schedules, and supporting information. Label each attachment accordingly. 12. Review and sign the form: Carefully review the completed Form 1023 to ensure accuracy and compliance. Sign and date the form appropriately. 13. Submit the form and payment: Make a copy of the completed Form 1023 and supporting documents for your records. Mail the original form, attachments, and payment to the appropriate IRS office, as indicated in the instructions. Remember that Form 1023 is a complicated form, and errors or omissions can cause delays and potentially impact your organization's tax-exempt status. Seeking professional assistance is highly recommended.

What is the purpose of 1023 tax form?

The purpose of the 1023 tax form is to apply for tax-exempt status under section 501(c)(3) of the Internal Revenue Code. This form is used by non-profit organizations to seek recognition from the Internal Revenue Service (IRS) as a tax-exempt organization. By filing Form 1023, the organization can demonstrate that it meets the requirements for exemption and can enjoy certain tax benefits.

What information must be reported on 1023 tax form?

The Form 1023, also known as the Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, is used by charitable organizations to apply for tax-exempt status with the Internal Revenue Service (IRS) in the United States. The form requires the organization to provide various pieces of information, including but not limited to: 1. Identification Information: This includes the organization's name, address, contact information, Employer Identification Number (EIN), and details of any previous applications for tax-exempt status. 2. Organizational Structure: The form asks for details regarding the type of organization (e.g., corporation, trust, association), its governing structure (e.g., board of directors), and the date of incorporation or formation. 3. Purposes and Activities: The organization must describe its specific charitable, educational, religious, scientific, or other exempt purposes. It should also outline its current and planned activities to achieve those purposes and clarify how the organization will serve the public interest. 4. Financial Information: The IRS requires the submission of the organization's financial statements, including balance sheets, revenue and expense statements, and any other financial information available. Additionally, information about any planned sources of revenue, such as grants or donations, should be provided. 5. Compensation: The organization must disclose the compensation amounts paid to its officers, directors, trustees, key employees, and highest compensated employees. This includes salary, benefits, and any other forms of compensation. 6. Board Composition: The form requires information about the organization's board of directors or governing body, including their names, addresses, and positions within the organization. Conflict of interest policies and financial arrangements with board members must also be disclosed. 7. Lobbying and Political Activities: The organization must provide details about any lobbying or political activities it has engaged in or plans to engage in. This includes information on expenditures, legislation attempted to influence, and whether or not the organization will engage in these activities in the future. 8. Fundraising and Donor Information: The organization needs to describe its fundraising techniques and provide information on any significant fundraising events or programs. Details about any contracts with professional fundraisers and the organization's policies regarding contributions, donors, and gift acceptance should also be disclosed. These are some of the key pieces of information required on the Form 1023. However, the form contains numerous additional questions and sections, making it necessary to thoroughly review the instructions and consult with a tax professional to ensure all necessary information is provided accurately.

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