HOME FLYER to PRINT NEWSLETTER #6 

If you are an individual and you want to become a Non Profit Organization, this is the correct page!

*NEWS:  As of October 31, 2010, new procedures have been adopted to

get you approved as a tax-exempt organization within 3 days of delivering your application!!  Revisit this website for more information when the text is finalized for publication.*

 

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FAST TRACK APPROVAL

Please call us about the FASTRACK approval process.

We can get you approved in 3-4 days with special preparation

from the public, a corporation or an individual.  This method

allows your organization to become tax-exempt quickly to

become eligible to accept tax deductible contributions, which

may be used to apply for long-term tax exempt status.

The filing fee is $75.00 for 3-14 day FAST TRACT processing

The filing fee is $25.00 for 14-90 day regular processing

 

 

WHAT DOES IT MEAN TO...

CREATE A NONPROFIT TAX EXEMPT ORGANIZATION?

NONPROFIT (CORPORATION):


The first step is to create a NON PROFIT CORPORATION for PUBLIC BENEFIT approved by the State of California by filing a form called "Articles of Incorporation." This means, if you did nothing else, you have a corporation that must pay approximately $800.00 each year to retain your corporate name. No other business entity may have or use your corporate name in the State of California.

Your new corporation is created when you receive a certified copy of your Articles of Incorporation in the mail. This means you have created a new "person" that is not human. This new person or Corporation has legal rights to possess its own Federal Tax Identification Number, DUNs Number, business account at a bank, along with its own credit history and credit score rating (separate from your personal activity.

Your approval as Chief Executive Officer of a NONPROFIT PUBLIC BENEFIT corporation gives you certain legal rights with regard to liability. When your corporation is sued, only the assets of the corporation are in jeopardy NOT your personal property or real estate property. This division of assets will remain unless and until a judge determines you abused your corporation's status to harm others, and at that point, your personal property and real estate is jeopardized.

Your Corporation, like a person, may purchase liability insurance for alleged wrongdoings.



TAX-EXEMPT (CORPORATION)

Once you apply for and obtain tax-exempt status with the government, you will receive a DETERMINATION LETTER that states your corporation is exempt from paying income taxes from funds received as donations, contributions, gifts, grant awards, personal property and real estate property and the State of California will exempt your corporation from the annual $800.00 fee. Further, the people or corporations (business entities) offering anything of monetary value, will be issued tax credits up to 50% for individuals, and up to 10% for corporations.

Your Corporation may purchase vehicles such as trucks, cars, SUV's, Vans, Buses, Freezers, Refrigerators, insurance for vehicles, pay vendors for repairs, janitorial services, purchase real estate and more.

With regard to property, your Corporation would file forms with the State of California to become property tax exempt, too.

As a tax-exempt corporation, your organization, board members and staff are bound to the Internal Revenue Code Section 501(c)3 and other State Legislation. In short, you and anyone else on planet earth associated with your Nonprofit Corporation may NOT benefit financially from the activities of your Nonprofit Corporation by a penny or more.

As a Nonprofit Corporation, you may not perform any service or sell any product "for profit." Your NonProfit Corporation obtains money through fund raising activities, solicit and obtain grant awards, receive gifts which may be personal property, money, items of monetary value including legal instruments and real estate property. No other person or business entity may have control of anything your Nonprofit Corporation received, nor direct any person associated with your Nonprofit Corporation to perform any duty or pay any sum.


After you receive your conformed copies of your Articles of Incorporation from the Secretary of State, you will have 90 i





days to file your STATEMENT OF INFORMATION. This form identifies your board members controlling your Non Profit Corporation and who are responsible for the actions of your Nonprofit Tax-Exempt Corporation.


It is wholly recommended that you include professional board members such as a Certified Public Accountant, Financial Adviser, Lawyer and persons with credentials in your area of public service. For example, if you are going to prepare food, hire a licensed chef and certified food preparers who are experienced and know culinary procedures for the safety of the people you will serve - your board can be sued for negligence.

One reason to hire professionals is the Internal Revenue Service will not penalize your NonProfit Organization, board members or corporate bank account when you receive advice leading to a lawsuit, and you have written advice from your professionals. The IRS and judge will excuse you from further court proceedings and determine if your "professionals" benefited financially from the improper procedures you followed, then determine the level of punishment.

The Internal Revenue Service desires that you have one or more "citizens who are served" sit on your board. This citizen's participation keeps the interests of the community in mind as the board votes on new procedures and programs that directly affect the public. It is quite easy to envision the needs of a person living below the poverty level to have daily priorities that are very different from a single or married person earning more than $177,999.00 a year.

In our advertisements, you may have noticed that a Chief Executive Officer may earn $178,800.00 annually. You may wonder where this money comes from.

Let's examine the service you are providing to the community. You are feeding people and keeping them alive. The federal government spends about $43 billion annually to feed people through food stamps. This alone, with 43,600,000 people living at or below poverty as of September 16, 2010 represents about $2.70 daily per person for 365 days.

Your organization can make a huge difference in the nutritional contribution for the people nearest to you. If your Nonprofit organization received $3 million dollars this year, and subtracted all the salaries for your board members and staff of 4, you may easily have $2,700,000 balance to purchase a truck to get food, buy insurance for the vehicle and driver, rent storage space, print and distribute fliers, purchase bags and boxes to distribute food, and a digital camera to document the event and pay the fees to design and maintain a website for your organization.

If you feed 2,000 people, the average dollar value of each bag of food monthly would be $112.50 or $28.13 per week. While this certainly would help 2,000 people, then they need to job training and jobs to earn their own money. For this reason you will have a secondary program to offer and higher grant awards are needed. On average, a meaningful grant request might begin at $9.2 million.

Now, to get to this point of community support, we have procedures to help you pay the state and federal fees and acquire small grants that demonstrate your commitment to this cause and trustworthiness for grantors to consider your proposal seriously. The job of Grant Promoter, then is to help establish grantors' approval of your organization and bestow grant awards to finance your mission statement goals. Helping to keep people alive and train them for job opportunities that allow them to take care of themselves, their family, pay taxes and make contributions to organizations, like yours.

If you have Questions, write to: Help@grantpromoter.com

 

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Pamphlet: How To Become A NonProfit Organization is your Ticket

 

 

LOCATION:

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LOS ANGELES, CA 90043

(North/East Corner of

Slauson Avenue & Crenshaw)

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TIME:  To Be Determined

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If you reside in CALIFORNIA, you will want to order this pamphlet.  It is packed with information, resources, websites, phone numbers and workshops for you to attend and includes TWO (2) FREE SEMINARS scheduled for later this year, 2010 and will be held in Los Angeles.

This reference guide gives specific information about the forms you will need to file to become a Non Profit Organization.

If you have almost decided to start your non profit organization, this book will help you contact the resources you will need to learn the facts about your new responsibilities and benefits of becoming a non profit organization.

This pamphlet does not "decide" for you.  It only gives you information leading to become a Non Profit Organization that will be tax-exempt upon approval by the Internal Revenue Service under Internal Revenue Code §501(c)3.

When you receive your "Determination Letter" from the Internal Revenue Service, it is time to celebrate, of course.  However, this is the beginning of your privilege to receive grants, donations, property and gifts-in-kind without having to pay taxes on these funds.

With your Determination Letter in-hand, you may apply for a Welfare Exemption from the Board of Equalization.  If approved, you will not pay property taxes on real property, and if you rent or lease property, the sum of the fees paid will be deducted from future rent/lease payments, which reduces your future monthly payments.

There are other jewels of information that can save you, literally, hundreds to thousands of dollars.  This pamphlet sells for as little as $9.88 including tax as a .PDF File.  Hardcopy is available at higher rates.  (SEE: BUY NOW BUTTON above to purchase your copy using a Debit or Credit card today.)

 

NEW!! You may order the .PDF version of HOW TO BECOME A NONPROFIT ORGANIZATION   ...ON-LINE for only $9.88 (tax included)  Order today at PayPal.com and send $9.88 for your copy of HOW TO BECOME A NONPROFIT ORGANIZATION.  You may then view on your monitor, save and print.