To maintain your 501(c)(3) Nonprofit Public Charity in good standing in Alaska, follow this advice.
In order to maintain a 501(c)(3) nonprofit company in Alaska, you must:
A. Exemption from state income taxes
When your nonprofit obtains its 501(c) decision letter from the IRS, it is immediately exempt from Alaska state income taxes.
If you want to apply for a property tax exemption on behalf of your organisation, visit the Alaska Department of Commerce, Community, and Economic Development’s website.
B. Exemption from state sales tax
Although Alaska does not have a statewide sales tax, several cities and towns do. Whether your city has a sales tax, check with the taxation department to determine if organisations are eligible for exemptions.
A. Federal Annual Returns
The IRS requires most tax-exempt charitable organisations to submit an annual return (Check the IRS website for a list of exceptions).
An organization’s yearly gross receipts dictate which form should be utilised to submit the annual federal return.
The IRS defines ‘gross receipt’ as “the total sums the organisation received from all sources throughout its yearly accounting period, before deducting any expenditures or expenses.”
If you have any concerns, please contact the IRS at
(800) 829-3676 (Form-related inquiries) (800) 829-1040 (general inquiries)q FAQ
For example, if the fiscal year closes on December 31st, the form 990 is due on May 15th.
NOTE: If an organisation fails to complete Form 990 for three years in a row, it will lose its tax-exempt status.
B. Unrelated Business Profits
If an organisation earns more than $1,000 from a trade or company that is unrelated to the organization’s declared purpose, it must submit Form 990-T to pay taxes on that revenue.
If your organisation anticipates to pay $500 or more in unrelated business income taxes for the year, you must pay a quarterly estimated tax on the unrelated business income using Form 990-W.
Any nonprofit organisation that has incorporated must have a registered agent with an office in Alaska. If your registered agent or office address changes, you must submit Form 08-447 with the Alaska Department of Commerce, Community, and Economic Development to revise your Articles of Incorporation.
Your company may be terminated if you fail to inform the Alaska Department of Commerce, Community, and Economic Development of this change.
Nonprofit organisations in Alaska are required to submit initial and biannual reports with the Alaska Department of Commerce, Community, and Economic Development. Initial reports must be submitted within 6 months of your organization’s effective date, either online or by mail.
Nonprofits must also file a biannual report, which may be done online or by mail.
Failure to submit the required reports may result in the termination of your company.
Nonprofit organisations in Alaska must get a general business licence from the Alaska Department of Commerce, Community, and Economic Development. Through their website, you can quickly apply for this business licence.
Charitable Alaska organisations will be required to register with the Alaska Department of Law at the very least. Registration and future renewals are simple to perform on their website.
Furthermore, if your organisation will be holding charitable activities like raffles or bingo, it must get a gaming licence. If you want to participate in “choose, click, donate” programmes, you must also register with the Alaska Community Foundation.
If your organisation will employ people, you must register with the Alaska Department of Revenue’s Child Support Services Division.
Registration is simple and may be done online or by mail. You may also get in touch with the Alaska Department of Revenue – Child Support Services Division.
To comply with federal requirements governing 501(c)(3) organisations, you must make the following papers available to any member of the public who wants them:
Your company is NOT required to share the following papers or information with the general public:
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