5013c Help

[sanddrag]

Originally Posted by Joe G.

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.

Oooh, three years out huh? I could see us with 12-24 months under the $50,000 cap, and (hopefully) surpassing that about two years after establishing the organization. Hrrmmm.

Thanks for the help though. This has been VERY informational.