NEXT STEPS

501 (C) (3)

Now that you have your Articles of Incorporation, EIN, By-Laws, and Initial Meeting Minutes Template, here are some things you should check regarding your 501 (c) (3):

FIRST STEPS

  • Sign the By-Laws with all of the directors.
  • Get a bank account with your Bylaws, EIN and Articles of Incorporation.
  • Have your initial meeting with all of the directors and fill out the Initial Meeting Minutes.
  • Make sure to have a board meeting at least once a year

BE AWARE OF

  • Complete 1023 application after filing first 990 tax return.
  • 5% of value of the 501 (c)(3) must go to a vetted public charity at the end of each year.
  • Have Sumsion Business Law vet charities before making grants.
  • Annual 990 Tax Returns.
  • Proxion Tax for tax returns and tax advice!.