Get Form 1024 (rev. September 1998) - The University Of Iowa Alumni ...

Filling out Form 1024 is an important step for organizations seeking recognition of exemption under Section 501(a). This guide provides clear, step-by-step instructions to assist users in completing the form accurately and efficiently online.

Follow the steps to complete the form effectively.

1. Click the ‘Get Form’ button to obtain the form and open it in your preferred digital editing tool.
2. Begin with Part I: Identification of Applicant. Fill in the full name of your organization, including its address, Employer Identification Number (EIN), and the contact information for a representative.
3. Select the appropriate box for the section under which your organization is applying (e.g., Section 501(c)(7) for social clubs) and ensure you submit only the relevant schedule.
4. Proceed to Part II: Activities and Operational Information. Provide a detailed narrative of the organization’s activities, including descriptions and timelines for each activity planned or conducted.
5. Next, list present and future sources of financial support, ensuring compliance with the 35% rule regarding non-member income.
6. Complete the governing body information, providing names and addresses of officers and directors, along with compensation details.
7. In Part III, fill out the financial data, including a statement of revenue and expenses and a balance sheet for the current year and the three prior years.
8. Go through the procedural checklist on page 6 of the form to confirm that all necessary documents and fees are included before your final submission.
9. Once you have filled out the form online, ensure all changes are saved. You can then download, print, or share the completed form.

Take the next step in managing your organization’s tax-exempt status by completing the Form 1024 online.