Form 1023 Example

What is form 1023 example?

Form 1023 is an important document required by the Internal Revenue Service (IRS) for organizations seeking tax-exempt status under section 501(c)(3) of the Internal Revenue Code. This form serves as an application for recognition of exemption and provides detailed information about the organization's purpose, activities, and financials. An example of form 1023 can be found on the IRS website, showcasing the structure and content required for successful completion.

What are the types of form 1023 example?

There are mainly three types of form 1023 examples based on the size and nature of the organization: Standard Form 1023, Form 1023-EZ, and Form 1023-A.

Standard Form This is the most comprehensive version of form 1023 and is suitable for organizations with complex structures or those expecting to have significant public support.
Form 1023-EZ: This streamlined version of form 1023 is available for small organizations with projected annual gross receipts of $50,000 or less and total assets of $250,000 or less. It simplifies the application process by requiring fewer details.
Form 1023-A: This form is used to request a determination letter of foundation status for a private foundation as defined in section 509(a) of the Internal Revenue Code. It has its unique set of requirements specific to private foundations.

How to complete form 1023 example

Completing form 1023 requires careful attention to detail and accurate information. Here are the key steps to complete the form successfully:

01
Gather all necessary information: Collect information about your organization's structure, purpose, activities, finances, and governing documents.
02
Follow instructions: Read the instructions provided by the IRS carefully to understand the requirements for each section of the form.
03
Fill out the form: Enter the required information accurately, ensuring consistency and completeness.
04
Attach supporting documents: Include any necessary attachments, such as financial statements, articles of incorporation, or bylaws.
05
Review and submit: Double-check all the entered information for any errors or omissions. Once reviewed, submit the completed form and required fee to the IRS for processing.
06
Track the application status: After submitting form 1023, you can track the status of your application using the IRS's online tracking tool or by contacting their helpline.

pdfFiller empowers users to create, edit, and share documents online. Offering unlimited fillable templates and powerful editing tools, pdfFiller is the only PDF editor users need to get their documents done.

Thousands of positive reviews can’t be wrong

Read more or give pdfFiller a try to experience the benefits for yourself
5.0
So far this program works exceptionally.
So far this program works exceptionally… So far this program works exceptionally good for what I intend to use it for.
chris gravel
5.0
I used you to arrange a document and I.
I used you to arrange a document and I… I used you to arrange a document and I must point out that it was easy to operate and arrange. Very convenient to use and the customer service is pleasant and courteous.
רננה גולדנברג
5.0
Every thing was good Every thing was good you should have capabilties for indivi...
Every thing was good Every thing was good you should have capabilties for individual use like reasonableamount for a few time usage as needed
Dr. Periyanayagam

Questions & answers

The user fee for Form 1023 is $600. The user fee for Form 1023-EZ is $275. The user fees must be paid through Pay.gov when the application is filed.
If your nonprofit starts to grow and no longer passes the gross receipts test, it must file Form 1023 within 90 days of the end of the year in which it exceeded the threshold. If you do so, your nonprofit will be recognized by the IRS as a Section 501(c)(3) tax exempt organization from the date of its creation.
If you file Form 1023, the average IRS processing time is 3-6 months. Processing times of 9 or 12 months are not unheard of. The IRS closely scrutinizes these applications, as the applicants are typically large or complex organizations.
Why does Form 1023 ask for information about an organization applying more than 27 months after the month it was legally formed? In general, an organization must file its exemption application within 27 months from the end of the month in which it was formed.
Organizations must electronically file this form to apply for recognition of exemption from federal income tax under section 501(c)(3).
Form 1023-EZ is the streamlined version of Form 1023, Application for Recognition of Exemption Under Section 501(c) (3) of the Internal Revenue Code. Any organization may file Form 1023 to apply for recognition of exemption from federal income tax under section 501(c)(3).