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Small Business and NonProfit Grant DigestGrant Opportunities for Silverton and San Juan County Prepared by the Grant & Sustainability Coordinator with San Juan Development AssociationUpdated July

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What is small business and non-profit?

A small business is an independently owned and operated business that is limited in size and revenue. Non-profit organizations are entities that operate for purposes other than making a profit, focusing on social, educational, or charitable missions.

Who is required to file small business and non-profit?

Small businesses that operate as sole proprietorships, partnerships, LLCs, or corporations are required to file relevant tax forms. Non-profit organizations must file to maintain their tax-exempt status and comply with federal and state regulations.

How to fill out small business and non-profit?

Filling out small business and non-profit forms generally requires gathering financial data, detailing revenue, expenses, and activities. Utilize appropriate tax software or forms from the IRS and state tax authorities, ensuring all required information is accurate.

What is the purpose of small business and non-profit?

The purpose of small businesses is to contribute to the economy by providing goods and services, creating jobs, and fostering innovation. Non-profits aim to serve public or community interests, advocating for social causes and providing community services.

What information must be reported on small business and non-profit?

Small businesses typically report income, expenses, profits, and employment taxes. Non-profits must report financial activities, contributions, expenses, and the organization's mission-focused activities.

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