Follow these procedures to establish a charity in New Hampshire and get 501(c)(3) status:
Step 1: Give Your New Hampshire Nonprofit a Name
Step 2: Appoint Board Members and Officers
Step 3 Adopt Bylaws and a Conflict of Interest Policy
Step 4: Submit the Articles of Agreement.
Step 5: Obtain an EIN.
Step 6: Apply for 501(c)(3) status (3)
It is simple to establish a 501(c)(3) non-profit organisation in New Hampshire.
To establish a 501(c)(3) tax-exempt nonprofit organisation in New Hampshire, you must first establish a nonprofit in the state and then apply to the IRS for 501(c)(3) status.
Step 1: Give Your New Hampshire Nonprofit a Name
The first and most crucial step in establishing your nonprofit company is deciding on a name. Make sure your name meets New Hampshire naming regulations and is readily searchable by prospective members and contributors.
1. Follow the naming conventions:
The name you choose for your organisation must not imply that its purpose is different from what is stated in your articles of incorporation.
2. Does the name exist in New Hampshire? Do a name search on the State of New Hampshire Website to ensure that the name you choose isn’t already used.
3. Is the URL accessible? We propose that you investigate if your company’s name is accessible as a web domain. Even if you don’t intend to create a company website right away, you may wish to purchase the URL to prevent others from doing so.
Step 2: Choose your Directors and Officers
A board of directors is made up of an organization’s directors. This board of directors is in charge of managing the nonprofit’s activities.
Officers are the president, secretary, and other members of a nonprofit who have specific roles and authority.
Your nonprofit in New Hampshire MUST have the following organisational structure:
At least three directors and five voting members who are not connected to each other are required.
The president
A secretarial assistant
Step 3 Adopt Bylaws and a Conflict of Interest Policy
Your organisation must have the following two papers in order to apply for 501(c)(3) status:
Bylaws
Policy regarding conflicts of interest
What exactly are bylaws? Bylaws are the guidelines that outline the nonprofit’s operational processes.
What is the definition of a Conflict of Interest Policy? A Conflict of Interest Policy is a set of guidelines that ensures that any decisions made by the board of directors or executives benefit the organisation rather than individual members.
NOTE: The nonprofit must adopt its bylaws and conflict of interest policy during its first organisational meeting, when the directors and officers are formally selected.
A treasury official
Step 4: Submit the Articles of Agreement to the State of New Hampshire.
You must submit the Articles of Agreement with the State of New Hampshire to register your nonprofit.
To guarantee that your organisation is qualified to qualify for 501(c)(3) status, you must expressly declare the following in the Articles of Agreement:
1. Function:
To be eligible for 501(c)(3) status, the organization’s purpose must be expressly confined to one or more of the following:
Charitable, religious, scientific, educational, literary, and other organisations promoting national/international amateur sports competition, preventing animal/child maltreatment, and testing for public safety
2. Decomposition:
You must indicate exactly what the organization’s assets will be used for and what will happen to the assets if the organisation is disbanded.
To be qualified for 501(c)(3) status, your organization’s assets must only be utilised for purposes authorised by Section 501(c) (3).
Section 5 of this sample IRS filing offers an illustration of these 501(c)(3) eligibility conditions.
Step 5: Obtain an EIN
What exactly is an EIN? The Employer Identification Number (EIN), also known as the Federal Tax Identification Number (FTIN), is used to identify a commercial organisation, such as your nonprofit company. It is basically your company’s social security number.
Why do I need an EIN? An EIN is necessary for the following activities:
To establish a commercial bank account for the firm
In terms of federal and state taxation
To recruit workers for the firm
How can I get an EIN? After founding the firm, the business owner obtains an EIN from the IRS (free of charge). This may be done online or in the mail. For additional information, see our EIN Lookup guide.
Step 6: Apply for 501(c)(3) Status Prior to applying for 501(c)(3) status, a charity must,
Elect at least three independent directors. File the Articles of Agreement with the necessary conditions (As covered in Step 5)
Adopt the bylaws as well as the conflict of interest policy.
Do you have an EIN?
Once these four conditions have been met your nonprofit can apply for 501(c)(3) tax-exempt status by filing Form-1023 online.
If your application is granted, the IRS will issue you a letter confirming that your organisation is tax-exempt under Section 501(c) (3).