[luau] Non-Profit Group registration

[R. Scott Belford]

Superior information, Wayne.  If no one else in the group wants to, my offer 
stands to spearhead this.  I may want to bounce some things off of you, 
Wayne, and the rest of you as far as names, etc. go, if that is okay.  I am 
not intimidated by the state and federal hoops and I trust myself to be 
impeccable in the filings.  It should not be any trouble for me to start this 
and leave it behind when we are relocated in the future.  Any info the other 
LUG, mentioned in an earlier thread, has would be good.

see ya'll later

scott




On Friday 26 July 2002 13:16, you wrote:
> In order for your efforts to continue, it is almost inevitable
> that you need to incorporate MPLUG as a non-profit org.
>
> However, as I mentioned previously, b/f incorporating, you must
> make sure that you have an infrastructure to make sure that all the
> corporate formalities and reporting requirements are met.
>
> To incorporate a non-corporation in Hawaii, you must first file an
> Article of incorporation and Bylaws with DCCA (in most other states,
> you file these documents with the secretary of state), with languages
> that conform to IRS Section 501(c)(3) requirements.  Both are no big
> deal, and
> typically it will take a minimum of 5 days for DCCA to file-stamp the
> documents.
> (In many other states, you can get same-day registration.)
>
> Then you have to file for federal and state tax ID numbers.  I suppose
> MPLUG will not have employees nor be paying excise tax, then, there is no
> need for a state tax ID.
>
> The most important step in becoming a non-profit org is to file IRS Form
> 1023,
> "application for recognition of exemption under Section 501(c)(3) of IRC".
> This typically takes 4~6 months.  But I have heard applications that
> were approved
> in a little over two months.  The tax-exempt status typically begins
> when Form 1023
> is filed, or when the org is formed if it is within 15 months of filing.
> But some cautious donors may want your tax-exempt number.  This sometimes
> can become a problem.
>
> In Hawaii, once you become a tax-exempt org under the federal
> statute, there is generally no additional requirement at the state level.
>
> After your non-profit org is established, there are, of course, the
> needs to annually file
> FORM 990 tax return, as well as keep all the corporate books and minutes
> of meetings.
>
> Incorporation is the way to go, but it takes certain discipline.
>
> _______________________________________________
> LUAU mailing list
> LUAU at videl.ics.hawaii.edu
> http://videl.ics.hawaii.edu/mailman/listinfo/luau