Here is the list of items that you will need to address:
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Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test"). – Need to determine the state that will be used. The cost varies by state and ranges from $100 to a few hundred.
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Employer Identification Number – SS4 – I’ll cover this later, Corp must be set up first
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By-laws of the Organization – Sample copy attached
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Minutes of Board Meetings – For the development of the organization
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Names, Addresses, and Resumes of Board Members
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Names and addresses of all Active Members
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Inventory of Assets like cash, furniture, equipment, property, pledges...
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Inventory of Liabilities like mortgages, accounts payable, loans...
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Rent/Lease Agreements and Contracts
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Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
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Written Reason for Formation and History of the organization. – Narrative like you were explaining it to someone over coffee.
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Organization Mission Statement – what is your purpose.
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Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
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Financial Support Documentation including all sources of revenue like contributions, fundraisers...
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Fund Raising Program Descriptions – How it is done or going to be done
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IRS Processing/Filing Fee - The IRS has a two-tiered fee structure for Form 1023. The standard filing fee is $750. For nonprofits who expect to have or have had gross revenue under $40,000 for the first four years combined can pay a reduced filing fee of $350.
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The 1023 (IRS filing form) is 30 pages long. Not all of it will need to be filled out by your organization.
