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Warrick Dunn - $1,000 Community Service Scholarship

7/14/2016

 
The Warrick Dunn Charities' Hearts for Community Service Scholarship application awards $1,000 scholarships to college students in Florida, Georgia and Louisiana.  Applicants should be active in community service and have at least a 2.0 GPA.  Applications must be submitted via mail no later than July 29, 2016 by 5 p.m. EST.  Download full application here.

New Reduced IRS Fee for new nonprofits! 

7/14/2016

 
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If you've been thinking about starting your own nonprofit, there is no better time than the present!

The IRS has finally created a simple, online-only, streamlined process for requesting federal 501(c)(3) exempt status with its Form 1023-EZ.  As of July 1, 2016, the previous fee of $400 has been reduced to $275!  Applications are processed at a much quicker rate than the regular Form 1023 process.

The streamlined 1023-EZ process is perfectly suited organizations seeking 501(c)(3) status that meet certain thresholds, including, but not limited to:
  • annual gross receipts will not exceed $50,000 for the next 3 years
  • annual gross receipts did not exceed $50,000 for the past 3 years
  • own total assets of no more than $250,000 (total market value)
  • must be organized as a corporation, trust or unincorporated association
  • must not be organized as a church, school, college or university
  • must not be organized as a hospital or medical research organization

To utilize this process, applicants must file form 1023-EZ online only.  For professional assistance in applying for nonprofit status, contact us here or visit the IRS website for more details.

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