Increase Agency Capacity Moderator: Sarah Miller-Locke, Director of - - PowerPoint PPT Presentation

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Increase Agency Capacity Moderator: Sarah Miller-Locke, Director of - - PowerPoint PPT Presentation

Feb 04, 2024 114 likes •234 views

Engaging your 501(c)(3) to Increase Agency Capacity Moderator: Sarah Miller-Locke, Director of Strategic Initiatives 2016 Partner Agency Conference Panel Scott Brown: Board Member; Seton Food Pantry and All Faiths Food Panty (Onondaga

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Engaging your 501(c)(3) to Increase Agency Capacity

Moderator: Sarah Miller-Locke, Director of Strategic Initiatives 2016 Partner Agency Conference

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Panel

  • Scott Brown: Board Member; Seton Food Pantry

and All Faith’s Food Panty (Onondaga County)

  • Gigi Redmond: Client Services Director; CazCares

Food Pantry (Madison County)

  • Daniel Taylor: Chief Executive Operator/Board

President; Lowville Food Pantry (Lewis County)

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Incorporation and IRS § 501(c)(3) Filing

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Incorporation

  • Determine Name of Corporation
  • Reach Consensus on By-Laws

– “Seton Model” (Single congregation) – “All Faiths Model” (Merged congregations) – “DeWitt Model” (Collaborative congregations) – Source of Directors – Number of Directors – Conflict of Interest Policy

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IRS §501(c)(3)

  • File for EIN Online

– Need Officer Name and SSN

  • File IRS Form 1023-EZ Streamlined Application

for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code Online

  • Filing Fee $ 400
  • Receive IRS Determination Letter by mail
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NYS Attorney General

  • File NYS Attorney General Form CHAR410

Registration Statement for Charitable Organizations

  • Filing Fee $25
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NYS Department of Taxation and Finance

  • File NYS Department of Taxation and Finance

Form ST-119.2 Application for an Exempt Organization Certificate

– Only need attach IRS Determination Letter

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Annual Tax Year Filings

  • Total Contributions LESS than $ 25,000 and

Total Assets LESS than $ 25,000

– IRS Form 990-N e-Postcard Online – NYS CHAR500 Annual Filing for Charitable Organization (First Page Only)

  • No Fee
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Annual Tax Year Filings

  • Total Contributions $ 25,000 or MORE and

Total Assets $ 25,000 or MORE

– IRS Form 990-EZ Short Form Return of Organization Exempt From Income Tax

  • NOTE: IRS permits Form 990-N for charities with

$50,000 or less in income but NYS Attorney General requires Form 990-EZ

– NYS CHAR500 Annual Filing for Charitable Organization (Full Form)

  • $ 25 or $ 50 Fee
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Board Engagement

  • What does your board do?
  • Benefits of an engaged board?
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QUESTIONS?