[OMS_MANAGERS] 501c(3) Costs?

[Kelly Haverkate]

We acquired our 501c3 status a year ago.  We had success using Sheri's
templates.  It's just a matter of filling out the IRS application.
Although , before you do that, you have to apply with the Secretary of State
Corp Division to be a not for profit corporation.  You'll need your articles
of incorporation (Sheri has samples, and the Sec or State has the exact
verbiage that the IRS wants to see)
and You'll send your by-laws (I believe) and some other supporting
documentation with the IRS application.  They give you a good checklist.

Kelly Haverkate
Dayton Community Development Association



On Thu, Jul 7, 2011 at 4:21 PM, Tom Nelson <NelsonT at sherwoodoregon.gov>wrote:

>  501c3s are not required to have an annual audit.  Rather than use Legal
> Zoom for your paperwork, I would recommend you speak with Sherri Stuart.
> She has access to forms, templates, and procedures used by numerous
> non-profits I forming Main Street Programs.****
>
> ** **
>
> *Tom Nelson*****
>
> Economic Development Manager****
>
> City of Sherwood****
>
> 22560 SW Pine Street****
>
> Sherwood, OR  97140****
>
> Phone:  503-625-4247****
>
> Cell;  503-867-5544****
>
> FAX:  503-625-5524****
>
> Email:  nelsont at sherwoodoregon.gov****
>
> Web:  www.ci.sherwood.or.us****
>
> ** **
>
> *  **[image: Colored Logo, with Text]*****
>
> ** **
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> ** **
>
> *From:* oms_managers-bounces at listsmart.osl.state.or.us [mailto:
> oms_managers-bounces at listsmart.osl.state.or.us] *On Behalf Of *Angi Ford
> *Sent:* Thursday, July 07, 2011 4:17 PM
> *To:* Oregon Main Street program managers
> *Subject:* Re: [OMS_MANAGERS] 501c(3) Costs?****
>
> ** **
>
> Hi George,****
>
>  ****
>
> I didn't have anything to do with our 501(c)3, but I am not aware of any
> licensing for bookkeepers.  Every organization I have work with has had an
> accountant/CPA do their audit.  Often times this service has been
> volunteered.  Do you have any accountants/CPAs on your Board or any of your
> Main Street Committees?****
>
>  ****
>
> ~ Angi Ford****
>
> Sherwood Main Street****
>
> On Thu, Jul 7, 2011 at 4:08 PM, George Custer <georgecuster191 at msn.com>
> wrote:****
>
> Hello All,
>
> We in Oakridge are hoping to apply (finally) for our own 501C(3) status. We
> have been operating as a program under a local Community Dev. Corp. and want
> to be on our own. We are a small organization with a current total budget of
> less than $10,000.
>
> We plan at this time to use Legal Zoom to do the paperwork. Any comments on
> this? We know that we'll need general liability insurance. But do we really
> need the insurance for the officers? I also understand that we'll need an
> audit each year. By a CPA or can a licensed book keeper do the job?
>
> Are there any other annual costs that we will need to consider?
>
> Our community and area has around 5,000 people.
>
> Thanks for any and all comments/help.
>
> George Custer, President
> Uptown Business & Revitalization Assoc.
> P.O. Box 839
> Oakridge, Oregon  97463
> 541-225-8484
>
>   ****
>
>
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>
> -- ****
>
> Angi Ford, Sherwood Main Street****
>
> B.O.O.T.S. Coordinator****
>
> 503.625.7800****
>
> www.sherwoodoldtown.com****
>
> ** **
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