Ask Experts Questions for FREE Help !
Ask
    Erle59's Avatar
    Erle59 Posts: 2, Reputation: 1
    New Member
     
    #1

    Jan 14, 2009, 09:10 PM
    501c3- how much time is there to apply after agroup is formed
    I belong to an organization that thought that they were a non for profit - holding the status under an umbrella group- I found out after planning a fund raiser for our scholarship that we do not have a non for profit status and were lead to believe under several former officers that the "unbrella organization" was the organizer of the non for profit and allthe organizations under it were classified as such. I want o to apply for a non for profit staus- but all that I have read indicates that the status must be applied for within a short time after formation of the group. This group is over 50 years old and exists to do the charity work. I was told today by a source that if we applied now we would be fined for existing all those years without the legal staus.

    Is this true? Seems to me the organization that claimed to represent the group to which we paid dues should be held accountable and we should be able to apply without penalty. Any suggestions?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #2

    Jan 14, 2009, 09:20 PM

    You can exist without being a non profit, you are a profit group that is doing good work basically.
    Some groups such as churches have a automatic exemption in some cases and do not have to file and request a letter. But other groups have to.

    So it is not a matter of what happens, it is a matter that it needs to correct its previous error
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #3

    Jan 15, 2009, 05:51 AM
    Quote Originally Posted by Erle59 View Post
    Any suggestions ??
    Hello E:

    Visit a CPA.

    excon

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Should churches apply for 501c3? [ 2 Answers ]

LBJ's Conspiracy To Silence the Churches of America Most churches in America have organized as "incorporated 501c3 tax-exempt religious organizations." This is a fairly recent trend that has only been going on for about fifty years. Churches were only added to section 501c3 of the tax code in...

There is this grl that I like and I don't know what to do [ 3 Answers ]

OK there is this grl that I really like.. we have been best friends for 2 years. I want to ask her out because she is the world to me.. but I want to do it romanticly.. but I'm only 15 I can't afford an exspensive dinner.. but we go to the mall, movies and we always go boating together on my...

What is the best time to apply green card for my mom who is in the USA now [ 1 Answers ]

My parents visited us (B2 visa) from China two months ago. I am US citizen. Their legal staying period is 6 month. Now my mom decided to live with us forever while my daddy still wanted to go back to China. So my question is: can I apply green card for my mom now (about 3.5 months left of their...


View more questions Search