This is an old thread, and don't want to re-open with "email me's. Closing thread.
Couple notes:
1. If this doc is still floating around, please load it to the File Exchange (which was built for this very kind of sharing). File Exchange = www.ptotoday.com/filesharing
If it does get posted, email me and I can get the url added to this thread.
2. Our Start-Up Guide is also perfect for this. It's included with PTO Today Plus membership. www.ptotoday.com/plus/
Thanks for the advice -- maybe we do need to incorporate. I think we were looking for the easiest and least expensive way to get through this. As you probably gathered from my first post -- this has all been a little overwhelming!! None of us on the board have experience or know-how with this filing and we really don't have the funds to hire an attorney or accountant. I have ordered the help guide available on this site and am trying to gather as much info as I can. I feel comfortable with the financial info needed for the application, but am going to have to rely on the entire parent board for the rest.
It is nice to know there's help here!!! :confused:
Sue, is there a compelling reason for your group not to incorporate?
Like DAD said, the IRS views a PTO (or any group) as NEW the day they incorporate so your 501c3 application is written as though your group just began - easier than trying to find 3-4 years of old financial data. But that's not the only reason...in our state (all?) incorporating provides an important level of protection of the officers' assets should the corporation ever be sued. That was reason enough for us to file the incorporation paperwork. Our fee is only $25/year.
Many issues in your post... First, I believe you must be incorporated before you can file for federal tax exemption. Second, If you read the 1023 instructions your group would not fall under the description of a supporting organization. Last, IRS states you can go back to the date of incorporation, in your case this does not apply, so I would suggest you incorporate in your state first using the language needed for your 501(c)(3) filing to make life easier...
