Get Il Co-1 2019
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How to fill out the IL CO-1 online
The IL CO-1 is a registration statement required by the Illinois Charitable Trust Act and the Illinois Solicitation for Charity Act. This guide provides step-by-step instructions on how to accurately fill out the form online, ensuring all necessary information is provided for your organization.
Follow the steps to complete the IL CO-1 online
- Press the 'Get Form' button to acquire the form and open it in your chosen editor.
- Begin by selecting the appropriate registration option under Section 1 by marking the corresponding box for either the Illinois Charitable Trust Act, Illinois Solicitation for Charity Act, or both.
- In Section 2, enter the full name of your organization along with the telephone number and Federal Employer ID number.
- For Section 3, provide information regarding the type of legal entity of your organization, including when and how it was established. If applicable, mention if your organization is a foreign corporation and when it was authorized to operate in Illinois.
- Complete Section 4 with the name, address, and telephone number of the registered agent in Illinois.
- In Section 5, list the addresses of all offices your organization operates within the state.
- Section 6 requires you to state the end date of your organization’s annual accounting period.
- Detail the purposes of your organization and how contributions will be utilized in Section 7.
- If your organization solicits funds under a different name, provide that information in Section 8.
- Section 9 asks for prior registration details with the Attorney General, if applicable.
- Indicate whether you are registered with any other governmental authority in Section 10.
- For Section 11, disclose any past enjoinments or prohibitions regarding soliciting contributions.
- In Section 12, indicate if you will use professional fundraisers and provide the necessary details.
- Section 13 assesses any past legal issues concerning your organization’s officers.
- Mention in Section 14 who has final discretion over the distribution of contributions.
- Describe your solicitation methods in Section 15.
- Provide the chief executive's name, mailing address, and title in Section 16.
- Attach a list of board members or trustees in Section 17.
- In Section 18, confirm whether the IRS has recognized your organization as tax-exempt and provide supporting documentation.
- Section 19 requires any history of tax exemption issues to be disclosed.
- Complete Section 20 by attaching necessary financial documents based on your organization's years of operation.
- In Section 21, estimate the amount of contributions solicited or income received in the last accounting period.
- Finally, make sure to gather and attach any required documents according to the details outlined in Section 22.
- Review all entries for accuracy, and ensure that the required signatures from both the President and Chief Financial Officer are included, with dates.
Complete your IL CO-1 registration online today to ensure compliance and transparency for your organization.
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In Illinois, a charity audit is required for organizations with annual revenue exceeding $300,000. This audit must be conducted by an independent certified public accountant. Regular audits ensure financial transparency and accountability, which are crucial for donor trust. By following IL CO-1 guidelines, your nonprofit can prepare effectively for these audits and maintain compliance.
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