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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The 33% rule for nonprofits in Illinois states that at least one-third of a nonprofit's board members must be unrelated to prevent conflicts of interest. This rule helps maintain transparency and unbiased governance. Ensuring that your board meets this requirement is vital for legal compliance and operational integrity. Familiarizing yourself with IL CO-1 can provide clarity on this important aspect of nonprofit management.