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Re: 5013c Help
Quote:
Originally Posted by sanddrag
Is it possible to start with the EZ form and then convert to the other if and when you exceed $50,000 in annual gross income?
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By my understanding, yes, as long as it's three fiscal years out from filing. The annual filing of form 990, 990-ez, or 990-n will confirm that your 501c3's activities are compliant. The philosophy with the 1023 is to analyze all edge cases in depth and approve activities before the organization begins their operations as a nonprofit, where the philosophy with the 1023ez is to get organizations not likely to be a problem a fast start, approving first and analyzing activities in depth as it becomes necessary.
Definitely consult a professional on this though.
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FIRST is not about doing what you can with what you know. It is about doing what you thought impossible, with what you were inspired to become.
2007-2010: Student, FRC 1687, Highlander Robotics
2012-2014: Technical Mentor, FRC 1687, Highlander Robotics
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