The IRS form for getting tax-exempt status as a 501(c)(3) nonprofit organization, Form 1023, is incredible ... 14 pages of questions, many of which request very, very detailed "narrative" answers about past, present, and projected activities. Yikes!
This thing will take days to complete, and since we are just starting, it will contain lots of your-guess-is-as-good-as-mine answers. Project our annual gross receipts for the next three years?!?!!! I haven't a clue how successful we'll be at fundraising.
And filing fees are expensive! $400 for under $10,000 gross, $800 for over.
Time to stop complaining and wade in ...
-- Janissa
Friday, December 25, 2009
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