Here is the synopsis of our sample research paper on Navigating Attainment of 501(c)(3) Exemption: Establishing the Not-for-Profit Charitable Organization. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 17 page paper listing step-by-step instructions for setting up a nonprofit corporation in New York State. The paper moves line by line through IRS Form 1023, not only because it is the federal application for tax-exempt nonprofit status, but also because at one place or another, Form 1023 requires every item that the startup nonprofit needs to generate, including statements of purpose, sources of funding and intended purpose. Bibliography lists 4 sources.
Page Count:
17 pages (~225 words per page)
File: CC6_KSgovNonP1023.rtf
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Unformatted sample text from the term paper:
Establishing a not-for-profit charitable organization for tax purposes and constructing the necessary internal accounting systems is an exercise not lightly undertaken. The purpose here is
to provide a step-by-step tutorial for completing IRS Form 1023, other federal forms required and associated forms required by New York State. Form 1023 can be used as a
guide in terms of decisions, plans, structures, purpose and other items that the organization needs to undertake in the process of establishing itself as an exempt, nonprofit charitable organization. Early
Decisions Organizational Structure Before reaching the point of officially becoming a legal entity, the organization needs to decide under what organizational structure it
will operate. The IRS offers three choices - corporation, association and trust - each of which has its benefits and detriments. The organization will need to determine which
legal and business structure best suits its intended activities. Certainly the organization can change its legal structure in the future, though the action may require dissolution of the organization
and reformation of it. Such action is costly in terms of time, money and personnel, however, and does not constitute the best use of resources available to the organization.
Accounting Regardless of what other categories of costs and revenue types the organization wants to track for its own internal purposes, the accounting
system it chooses must have the capability to synthesize and report results according to the categories listed on Form 1023, Part IV, Section A. Statement of Revenues and Expenses, as
well as the items required in Section B., the balance sheet. The IRS will be happiest with an accounting method based on cash
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