Indiana Grant Agreement from 501(c)(3) to 501(c)(4)
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How to fill out Grant Agreement From 501(c)(3) To 501(c)(4)?
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FAQ
To successfully obtain 501(c)3 status, an organization must be able to show a defined charitable purpose, and a structure that ensures that the organization benefits the public, not the employees or owners of the organization. There is no special structure for faith-based organizations.
To start a nonprofit in Indiana, you must file nonprofit articles of incorporation with the Indiana Secretary of State. You can file your articles in person, by mail, or online. The articles of incorporation cost $50 for mailed filing and $31 for online filing.
Paperwork Form 4162: Articles of Incorporation for a Nonprofit Corporation. IRS Form 1023: 501(c) Tax Exempt Application. IRS Determination Letter. Form BT-1: Indiana Business Tax Application. Form NP-20A: Nonprofit Application for Sales Tax Exemption. URS Charitable Registration, if applicable.
The only limitation for the size of a board of directors in Indiana is the requirement of a minimum of three members. The size of the board may exceed fifty members, depending on the size of the organization it is governing and the number of tasks set out before it.
The operational test for exemption under Section 501(c)(3) consists of four broad categories: Requirement to operate exclusively for exempt purposes. Prohibition against inurement. Prohibition against becoming an action organization; and. Prohibition against substantial private benefit.
In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.