Starting A Nonprofit In Alaska – There are a few things you’ll want to consider when starting your nonprofit in Alaska. How you prepare your statement, and the information you include in your statement, will help you answer questions from future lenders, board members and employees. Considerations may vary depending on whether you are forming a 501(c)(3) or another type of nonprofit organization.
Create your mission statement by outlining what you want your nonprofit to do and by explaining its purpose. Answer these six important questions: who, what, where, when, why and how? Outline your company’s goals, activities, and resources, and explain how and where it will get funding.
Starting A Nonprofit In Alaska
There are several types of nonprofits in Alaska. A 501(c)(3) nonprofit is exempt from federal taxation under the Internal Revenue Code. These are usually organizations that operate for charitable, religious, scientific and similar reasons. It can include public charities and private foundations. Other organizations may also be nonprofit, such as social welfare organizations, civic leagues, trade and professional organizations, and social and recreational clubs. However, these entities may or may not be exempt from federal taxation.
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There are also two other types of Alaska nonprofits: membership and non-membership. Membership nonprofit organization consists of members who have the right to vote in important matters. Non-membership nonprofits are not required to have members. They are run by a board of directors.
To start and run a non-profit in Alaska, you need Articles of Incorporation and the Alaska Corporation Section.
After forming your non-profit organization, you must adhere to specific guidelines so that you can retain your non-profit status.
Board members must avoid conflicts of interest. They must recuse themselves from the decision in case of conflict.
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Alaska’s Open Meetings Act also requires that non-profits hold meetings that are open to the public whenever discussing matters related to state or federal funding.
Grants and loans from federal, state and private sources are the main sources of funding for Alaska nonprofits. A not-for-profit corporation is responsible for meeting grant requirements and maintaining appropriate records. It is important for nonprofits to keep the money they receive from grants separate and apart from the nonprofit’s general fund. A good reputation in managing grant funds helps nonprofits get more funding from these sources.
Alaska Division of Corporations: The Alaska Corporations section offers information on filing Articles of Incorporation, annual and biennial reports, and obtaining an Alaska employer identification number.
Alaska Volunteer Law Handbook: Part III This handbook provides in-depth information on creating, maintaining and terminating Alaska nonprofit corporations.
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USA.gov for Nonprofits: This website explains getting government grants, obtaining and maintaining tax-exempt status, and includes tips on operating a nonprofit.
This article contains general legal information and does not constitute legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes frequently. For legal advice, please consult an attorney.
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* Incorporation is free for new members only and does not include state fees. Attorneys must be part of our national network to receive the discount. As with any BUSINESS, there is a lot that goes into starting a NONPROFIT…research, planning, fundraising, etc. There is also
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This page shows the final tasks that are a big part of our SureStart™ Nonprofit Formation Plan.
This is a state-level process that establishes non-profit institutions, companies by filing Articles of Incorporation. Most nonprofits organize as corporations for a number of reasons, including liability protection for officers, directors and other key individuals.
Other parts of this initial process usually include obtaining a federal tax ID number (FEIN) from the IRS and the preparation of bylaws, the governing rules that directors must follow.
The next step is more complex than entering. To obtain 501 (c) (3) status, a non-profit corporation must apply to the Internal Revenue Service for recognition of tax exemption by filing IRS Form 1023. Relatively speaking, forming a corporation is quite straightforward (assuming that one completely understands the process). . Applying for 501(c)(3) status, however, is another story entirely.
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Form 1023 itself is up to 28 pages long. With the required attachments, schedules and other required materials, it is not uncommon for these submissions to the IRS to reach 100 pages. Think of Form 1023 as an IRS exam. Instead of an audit of tax returns, the 501(c)(3) application process is more like an audit of proposed (and/or previous) activities. It is a detailed examination of the government’s structure, objectives and planned programs. The IRS seeks to ensure that the organization is formed for the exclusive purpose of a 501(c)(3) and that its program is designed to fulfill this stated purpose. In addition, the IRS is looking closely for conflict-of-interest and potential benefits for insiders, both possible grounds for rejection.
This is a required registration in 40 states and is usually issued through the Attorney General’s office, although not always. Most states require registration before soliciting donations.
Most states recognize the federal 501(c)(3) status as valid for state corporation tax exemptions. California and Texas are the big exceptions, requiring their own application process for charitable status in their states. Some other states require a separate application, but it’s usually a simpler registration.
No one knows this process better than us. Our team members are career professionals who understand what it takes for your organization to succeed. We have helped over 22,000 organizations since our inception in 1995 and have maintained a 100% IRS approval rate.
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Our team is managed by tax professionals licensed by the IRS. Our approach is to work with you, one-on-one, to help you properly structure your nonprofit, not only for IRS approval, but also for long-term success. And after you are approved, we provide ongoing, state and federal compliance services throughout the life of your nonprofit.
Starting a nonprofit is serious business… and we take it just as seriously as you do. Our team deeply engages with you to guarantee that your 501 (c) (3) will be structured correctly, will be approved by the IRS, and that you will want to be one of our testimonials!
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