Are you looking to join a non-profit organization in Atlanta, Georgia? If so, there are certain criteria that must be met in order to be eligible for 501 (c) (tax-exempt) status. To begin, you must file your statutes with the Corporation Division of the Georgia Secretary of State. This is necessary to establish your limited company and ensure that you meet the requirements to apply for the 501 (c) () tax exemption. In addition, your non-profit organization must include certain specific terms in the statutes to receive 501 (c) (tax-exempt) status from the Internal Revenue Service.
These terms must be included in the article you create, as they are mandatory and will affect your 501 (c) state. To apply for your EIN, you must file Form SS-4 online. Once these conditions are met, you can go ahead and apply for federal tax exemption using Form 1023 under the Internal Revenue Code. The annual reports of Georgia nonprofit organizations are due between January 1 and April 1 of each year.
Instructions on how to file your annual report can be found on the Georgia Division of Companies annual registration page. It is important to note that while the state of Georgia allows non-profit organizations to have at least one board member or director, it may be difficult to get approval from the IRS. This is because the Internal Revenue Service rarely grants tax exemptions to non-profit organizations with a single board member. Therefore, it's best to have at least three to 25 board members to ensure that your federal tax exemption is granted without any issues.
The amount of annual gross revenue that an organization receives is also an important factor in determining what is required of it. All changes to the organization's registration statement must be verified and signed by an authorized executive officer of the organization. When creating a non-profit organization in Georgia, one of the fundamental steps is choosing a name for your corporation. An organization seeking tax exemption under section 501 (c) of the Internal Revenue Code (IRC) must limit itself in its organizational documents to the exempt purposes set out in that section; in addition, it must indicate how its assets are permanently dedicated to these exempt purposes, so that, should the organization dissolve, its assets are distributed for a qualified exempt purpose in the same section of the code.
Charitable organization registrations in Georgia are valid for twenty-four (2) months from the date they are approved. To create a 501 (c) (tax-exempt) organization, you must first form a limited company in Georgia and then apply for tax exemption from both the IRS and the State of Georgia. An organization must submit a withdrawal form to withdraw its registration as a charitable organization. All existing federally tax-exempt organizations in Georgia are automatically exempt from corporate tax, meaning it is an exempt organization.
If the organization filed a Form 990-N (postcard), you must complete and submit Georgia's Form C200 for the previous tax year. Upon receiving your 501 (c) determination letter from the IRS, your organization will automatically be exempt from Georgia corporate tax. Georgia law states that a charitable organization will submit copies of any federal or state tax exemption determination letter it receives after initial registration within thirty (30) days of receiving it within thirty (30) days of receiving it. Georgia does not track the organization's fiscal years, but attaches a cover letter to the renewal explaining any changes. If the charitable organization was recently created and has not received charitable contributions, attach a signed statement from an organization official attesting that fact in place of financial statements. If the organization filed an IRS Form 990-N (postcard), it must instead complete and file the Georgia Form C200 for each of the two previous (fiscal) years, unless it was filed earlier.
The vast majority of tax-exempt organizations are recognized as 501 (c) () organizations for their charitable purposes.
