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This newsletter Devoted to pet bird Enthusiasts is Published monthly by The Rainbow Feathers Bird club of Michigan A 501(c) (3) club February 2017 Volume 20 Issue 2 Bird Droppings UPCOMING MEETING

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How to fill out a 501c 3 club

01

First, gather all the necessary documentation such as the organization's name, mission statement, and bylaws.

02

Next, complete the Form 1023 application for tax exemption.

03

Include all required attachments such as financial statements and organizational charts.

04

Submit the completed application to the Internal Revenue Service (IRS) along with the appropriate filing fee.

05

Wait for the IRS to review the application and provide a determination letter.

06

Once approved, ensure compliance with ongoing reporting and record-keeping requirements.

Who needs a 501c 3 club?

01

Nonprofit organizations that want to receive tax-exempt status from the IRS.

02

Groups or clubs engaged in charitable, religious, educational, scientific, literary, or other specified activities.

03

Organizations that plan to solicit tax-deductible donations from individuals, corporations, or foundations.

04

Entities seeking eligibility for federal grants or tax benefits.

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What is a 501c 3 club?

A 501(c)(3) club is a non-profit organization that is exempt from federal income tax.

Who is required to file a 501c 3 club?

Any organization seeking tax-exempt status under section 501(c)(3) of the Internal Revenue Code is required to file for 501(c)(3) status.

How to fill out a 501c 3 club?

To fill out a 501(c)(3) club, an organization must submit Form 1023 or Form 1023-EZ to the IRS along with required supporting documents.

What is the purpose of a 501c 3 club?

The purpose of a 501(c)(3) club is to operate exclusively for religious, charitable, scientific, literary, or educational purposes.

What information must be reported on a 501c 3 club?

A 501(c)(3) club must report its revenue, expenses, programs, and activities to the IRS.

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