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High Tun stall College of ScienceInspire Support Achieve Headteacher: Mr Mark Tilling High Tun stall College of Science, Click Road, West Park, Hartlepool, TS26 0LQ Tel: 01429 261 446 Web: www.htcs.org.ukApplication
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How to fill out 1113 foundation status

01
To fill out Form 1113 foundation status, follow these steps:
02
Start by entering your personal information in Section A, including your name, address, and Social Security number.
03
In Section B, provide detailed information about the foundation's purpose, activities, and any financial transactions.
04
Complete Section C to indicate if you have received any grants, contributions, or gifts, and provide supporting documentation if required.
05
In Section D, disclose any compensation or financial benefits received by foundation managers, officers, or related parties.
06
Attach any necessary schedules or additional information, such as a balance sheet, income statement, or exempt purpose statement.
07
Sign and date the form in Section E.
08
Keep a copy of the completed form for your records.
09
Submit the form to the appropriate tax authority, along with any filing fees, if applicable.

Who needs 1113 foundation status?

01
Form 1113 foundation status is needed by organizations applying for tax-exempt status under section 501(c)(3) of the Internal Revenue Code.
02
This form is required for the establishment or qualification of a charitable foundation that wishes to be recognized as a tax-exempt organization.
03
Individuals or groups planning to create a foundation for charitable, scientific, religious, educational, or literary purposes should complete Form 1113.
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The 1113 foundation status refers to the tax-exempt status granted to certain nonprofit organizations by the IRS.
Nonprofit organizations that meet certain criteria and wish to be recognized as tax-exempt under section 501(c)(3) of the Internal Revenue Code are required to file for 1113 foundation status.
To fill out 1113 foundation status, organizations need to complete Form 1023 or Form 1023-EZ and submit it to the IRS along with the required documentation and fees.
The purpose of 1113 foundation status is to provide tax-exempt status to nonprofit organizations that are organized and operated exclusively for charitable, religious, educational, scientific, or other recognized purposes.
Organizations filing for 1113 foundation status must report information such as their purpose, activities, governance structure, financial information, and compliance with IRS regulations.
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