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-   -   Changing non-profit status (https://www.askmehelpdesk.com/showthread.php?t=150376)

  • Nov 9, 2007, 08:04 PM
    topcatkc
    Changing non-profit status
    I am a member of an organization in Colorado that currently operates under a 501(c)(7) status. We are discussing changing it to a 501(c)(3) so that we may do more fundraising and be able to receive a tax-deductible donations. We are not incorporated at this time, but do have by-laws that we operate under. Where do we start?
  • Nov 10, 2007, 11:23 AM
    JudyKayTee
    Quote:
    Originally Posted by topcatkc
    I am a member of an organization in Colorado that currently operates under a 501(c)(7) status. We are discussing changing it to a 501(c)(3) so that we may do more fundraising and be able to receive a tax-deductible donations. We are not incorporated at this time, but do have by-laws that we operate under. Where do we start?

    As a non for profit you must be absolutely positive that you are in compliance with Federal and State laws, including IRS Regs, and I would suggest you contact an Attorney and go from there. A small mistake can come back and haunt you!

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