VSI Blog: News & Info for Launching Your New Public Charity

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    Unprecedented: IRS Asking For Less Money

    As of July 1, 2016, the cost of filing a 501c3 application has dropped by over $100. The newly established price of $275 may very well represent the first ever change of this sort in the agency's 154 year history. Those seeking to establish non-profit organizations now have a less expensive path to effecting change in their communities.   Read More...

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    Tax-Exempt Status to Become More Accessible

     According to the IRS-run website, Pay.gov, the application fee for filing form 1023 is to drop (effective July 1, 2016) from $400 to $275. IRS form 1023 is paramount to any organization who seeks recognition as a non-profit organization in order to be classified as tax-exempt. While the new application fee is still quite hefty, hopefully it will be far less distressing to new organizations with modest means. For more information, contact us at info@voluntarysolutionsdc.com or visit ou...  Read More...

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    Overtime Pay an Inhibitor to New Growth

      While the idea behind stronger overtime pay regulations seems to be moral and just, Zachary Slayback of the Mises Institute fears that these regulations will only hurt those they are meant to help. Small organizations - including non-profits - with rather limited means will suffer at the hands of well-meaning politicians and their constituents. He makes a strong case for greater concern in the non-profit community. Read the full article by Zachary Slayback at mises.org &nbs...  Read More...

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    A Friend for Your Organization

     One of the key components of successfully incorporating your new non-profit organization is identifying a reliable resident agent. A resident agent serves to represent your organization in the state where it is incorporated, and most states require every corporation to have one. Required or not, dedicated resident agents offer many benefits to their clients.   Read More...

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    Top Eight Tax Tips about Deducting Charitable Contributions

     When you give a gift to charity that helps the lives of others in need, it may also help you at tax time. You may be able to claim the gift as a deduction that may lower your tax. Here are eight tax tips you should know about deducting your gifts to charity:Qualified Charities.   Read More...

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    25 hours or 25 minutes?

      The legal requirements and paperwork associated with forming a non-profit can seem like a daunting challenge - in fact, it will take the average person about 25 hours to figure out how and where to file for state incorporation, find a resident agent, file for an EIN, fill out the various IRS tax forms and schedules, and create the necessary online accounts. You can spend that 25 hours if you like, spend thousands of dollars on a lawyer, or spend just 25 minutes hiring Voluntary ...  Read More...

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    Foreign Organizations and U.S. Public Charity Status

       Interestingly, many of the inquiries we are fielding here at Voluntary Solutions have been from foreign entities. Did you know that many types of foreign organizations can raise money in the U.S., or even become a U.S. public charity, if certain conditions are met?   Read More...

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    Don't Lose Your Charity Status

    As a public charity it is crucial to be up to date on all IRS state filings. This year, the IRS form 990 or annual exempt organization return is due on May 15th for calendar year taxpayers. According to the IRS, 16% of all non-profit organizations lost their tax-exempt status in 2010.   Read More...

  • Testimonial: CURE-DC Foundation is now in business

    Scott of the CURE-DC Foundation had this to say about their incorporation experience: “The challenges of setting up a non-profit seemed insurmountable to us. There was far too much paperwork and it all seemed so confusing. The other options we looked at, like hiring an attorney, were cost prohibitive.   Read More...

  • A Year for Giving: The Prospects of 2016 and Beyond

    The NonProfit Times is reporting on projections published by The Lilly Family School of Philanthropy at Indiana University-Purdue University, that in 2016 and 2017 non-profit organizations will continue to see substantial growth in annual charitable giving. Follow the link below to read more: http://www.thenonprofittimes.com/news-articles/giving-study-projects-consecutive-yearly-hikes/Turn Your Passion for a Cause into a Career!   Read More...

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