How do I apply for nonprofit status in Indiana?
- Step 1: Name Your Indiana Nonprofit.
- Step 2: Choose a Registered Agent in Indiana.
- Step 3: Select your Directors & Officers.
- Step 4: Adopt Bylaws & Conflict of Interest Policy.
- Step 5: File the Indiana Articles of Incorporation.
- Step 6: Get an EIN.
- Step 7: Apply for 501(c)(3) Status.
How much does it cost to start a non profit in Indiana?
The filing fee is $30. The Department of Revenue is responsible for issuing the organization an Indiana Taxpayer Identification Number and issuing authorization for sales tax exemption. Both of these are accomplished by filing Form NP-20A. There is no charge for filing.
How many board members are required for a nonprofit in Indiana?
According to Indiana state code, each non-profit organization in the state must have a board of directors comprised of a minimum of three members.
What do you need to register a nonprofit organization?
To register your NPO you’ll need the following documents:
- A founding document /constitution.
- A deed of trust (a written agreement used by trusts).
- The memorandum and articles of association (which set out the mission of your NPO and monitors its growth).
How do I start a charity with no money?
One way of starting a nonprofit without money is by using a fiscal sponsorship. A fiscal sponsor is an already existing 501(c)(3) corporation that will take a new organization “under its wing” while the new company starts up. The sponsored organization (you) does not need to be a formal corporation.
Can nonprofit board members make money?
Even though there is no federal rule against compensating board members of charitable nonprofits, most charities do not pay board members. 3 However, board members may be reimbursed for certain expenses or receive a deduction on their personal income taxes4 .
What is a non-profit company without members?
What is a Non-Profit Company (without members)? “A non-profit company is a company incorporated for public benefit or other object relating to one or more cultural or social activities, or communal or group interest. A non-profit company is not required to have members but may voluntarily choose to have members.”
How to form a non profit organization in Indiana?
How to Form an Indiana Nonprofit Corporation. To create a 501 (c) (3) tax-exempt organization, first you need to form an Indiana nonprofit corporation. Then you apply for tax-exempt status from the IRS and the State of Indiana. Here are the details.
What is a 501 (c) (3) nonprofit in Indiana?
Most nonprofits are 501(c)(3) organizations, which means they are formed for religious, charitable, scientific, literary, or educational purposes and are eligible for federal and state tax exemptions. To create a 501(c)(3) tax-exempt organization, first you need to form an Indiana nonprofit corporation.
What are the compliance filing requirements for a nonprofit corporation in Indiana?
Below is a list of the ongoing compliance filing requirements for a nonprofit, tax-exempt organization in Indiana. Your nonprofit corporation must file a corporate report annually with the state in order to remain in good standing.
When to apply for reinstatement of a dissolved nonprofit in Indiana?
In which case, you may apply for reinstatement, provided the duration of dissolution or revocation shouldn’t have been for more than 5 years. In order to get exempted from sales tax in Indiana, an organization must file Form NP-20A the Nonprofit Application for Sales Tax Exemption- within 120 days after its formation.