The SMART 501c3 Application is an intuitive approach which leverages technology to simplify the 501c3 Application process. We created the SMART 501c3 Application exclusively for the use by our clients.
This is how the SMART 501c3 Application Works
Nothing is more daunting than starting a 29 page 501c3 application with 35 pages of instructions. Yikes! We remove the fear by breaking the application down into manageable parts with helpful hints for most questions.
Many questions on the 501c3 application will not apply to some organizations. The SMART 501c3 Application learns from your answers and then only asks the necessary follow questions. Only answer the questions that are relevent to your organization, now that’s Smart!
Throughout the entire SMART 501c3 Application there is a progress meter so with a simple glance you can gauge progress. However, there is no pressure, if family or work interruptions get in the way, you can save your work and come back any time with a simple click.
Review the Top Reasons to use Nonprofit Foundry and the SMART 501c3 Application.
SMART 501c3 Application: Details
The SMART 501c3 Application has 4 Parts. Each part includes focused questions that keep you on track to completed the application in the most efficient way. Several questions throughout the application ask for explanations, in these situations the SMART 501c3 application allows you to type your explanation, or you can simply upload previously created word documents, PDF files, or new papers to answer the question. Now that’s easy! Best of all, if you get stuck or need help, a Nonprofit Foundry attorney is one click away. When you complete all 4 parts, Nonprofit Foundry will convert your answers from our 501c3 Smart Application to IRS Form 1023. A lawyer will then work with you to make need changes before your Form 1023 is sent to the IRS.
Part I : Organization Structure and History
You will start the SMART 501c3 Application with Part I, answering a few questions about your organizational structure (i.e. have you incorporated in a state?). You will also answer questions about your organization’s bylaws. Part I ends with a few questions about your organization’s history. If you have your organizational documents ready and digitized this section will be a breeze. Expect to wrap this section up in 30 minutes or less. If you run into problems you can always get support via the on-screen chat window.
Part II: Financial Data and Operations
You will probably find Part II the most difficult section. If you have financial statements generated by your accounting software (i.e. Quickbooks, etc.). You can upload those documents directly to the server on the 501c3 Smart Application. However, you may not have any financial statements ready and that’s ok too. You can download and work with a custom designed templates that do all the calculations for you. The second half of Part II provides you an opportunity to share information about your organization. We have made these questions easier for you by adding probing questions to get you started. Additionally, all the questions are divided by topic so you never feel overwhelmed. And like Part I, if you run into problems you can always get support via the on-screen chat window.
Part III: Compensation and Member Benefits
You will find that if your organization does not pay any compensation and does not plan to in the future. This section goes very quickly. Part III allows you to share information about your Board of Directors and employees. Additionally, this part will ask you about the people that you serve and the benefits you provided. You won’t be surprised to find the on-screen chat window if you get stuck or need help.
Part IV: Fundraising Activities and Specific Activity Question
The completion time of this Part IV greatly depends on how many fundraising activities you have planned. Part IV provides you an opportunity to share information about how and where you plan to fundraise for your nonprofit. Last but not least, you will answer some mandatory questions about some of your specific activities that you and your organization currently engage in or plan to engage in the future. And, yes there is on-screen chat support from a real attorney if you get stuck or need help.
Once you have completed Parts I-IV we take over. An attorney from Nonprofit Foundry will review all of your answers and our team will follow-up with any additional questions that we might have. Once we have all the necessary information you can expect to have your completed IRS Form 1023 from Nonprofit Foundry within about 2-4 weeks.
This is your 501c3 Application. You set the Pace, We give you the legal support you need to complete and file your 501c3 Application.Google+