WE ARE YOUR SOLUTION!!!
INTERESTED IN STARTING A NONPROFIT AND DON'T KNOW WHERE TO START?
WHAT YOU NEED TO START A NONPROFIT
By establishing the right nonprofit, you can make a meaningful difference in your community and beyond, while enjoying the benefits that come with nonprofit status.
Nonprofit- Charity
Give back to your community
Founders and board members are shielded from personal liability for the organization's debts and legal obligations
Held to high standards of transparency and accountability
Increase public trust and credibility
1023 Form (tax exemption)
IRS Form 1023 is the application form for organizations seeking recognition as tax-exempt under section 501(c)(3) of the Internal Revenue Code.
Exempt from paying federal income taxes on its income, provided it follows the IRS rules and regulations.
Donations are tax-deductible
Eligibility for grants
Increase an organization's credibility and legitimacy
Generally exempt from certain state and local taxes Shorter and simpler annual tax return
Foundations
Foundations are a great way to build community involvement and strength, while ensuring that your donations go to the people in need.
Offer greater control over how the funds are allocated and managed
Typically funded by a single source, such as an individual or family,
Autonomy in determining how the funds are distributed
Have the potential for greater longevity since they are often set up as a perpetual entity
Offer more flexibility in terms of tax planning and can provide more favorable tax treatment for certain types of assets
Broader range of activities, including grant making, research, and advocacy.
Subject to fewer regulatory requirements than charities. Not required to register with the state attorney general's office or file an annual Form 990 tax return with the IRS
Easier for foundations to operate and maintain their tax-exempt status than a Charity
Distribution Agreement
We have been creating customized Distribution Agreements for over 20 years.
Increased knowledge and Access to guaranteed funds and visibility of your funds
Set distribution cycles- weekly, monthly, quarterly
Ensure that your distributions are carried out to your desired specifics.