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NOT FOR PROFIT STATUS Application ACCESSIBILITY: To request this file in large print, please email aoda@wcdsb.ca or call (519) 5783660. Note: In order to ensure the Waterloo Catholic District School

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How to fill out not for profit status

01

Determine the appropriate legal structure for your organization, such as a corporation or trust.

02

Obtain an employer identification number (EIN) from the IRS.

03

Prepare and file articles of incorporation with the state.

04

Create bylaws for the organization outlining its purpose, structure, and procedures.

05

Apply for tax-exempt status with the IRS by filing Form 1023 or 1023-EZ.

Who needs not for profit status?

01

Nonprofit organizations such as charities, religious groups, educational institutions, and social welfare organizations often need not for profit status to receive tax-exempt status and donations from supporters.

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What is not for profit status?

Not for profit status is a designation for organizations that operate for charitable, religious, educational, scientific, or other similar purposes, rather than for the financial gain of the organization's directors or members.

Who is required to file not for profit status?

Organizations that operate as non-profit entities and meet certain criteria set by the government are required to file for not for profit status.

How to fill out not for profit status?

To fill out not for profit status, organizations must follow the guidelines and requirements set by the relevant government authorities, which may include submitting specific forms and documents.

What is the purpose of not for profit status?

The purpose of not for profit status is to allow organizations to operate for charitable, educational, religious, or other similar purposes without the primary goal of making a profit for the organization's directors or members.

What information must be reported on not for profit status?

Information that must be reported on not for profit status may include the organization's mission statement, financial information, activities, and governance structure.

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