Are you looking to establish a nonprofit organization in Maricopa County, Arizona? If so, you’ve come to the right place. This guide will provide you with a comprehensive overview of the process of setting up your nonprofit organization, from naming it to obtaining 501(c)(3) status. Currently, there are over 29,000 successful nonprofit organizations in Arizona. To get started, you’ll need to name your organization and submit the Articles of Incorporation.
You’ll also need to obtain an Employer Identification Number (EIN) from the IRS. The application is free and can be completed online using the SS-4 form. You’ll receive your EIN right away. Once you have your EIN, you’ll be automatically exempt from state income tax after receiving 501(c)(3) or federal tax exemption from the IRS.
You don’t need to apply for state tax exemption if you have your determination letter handy. When selecting a name for your organization, make sure it is unique compared to other companies and organizations operating in Arizona. The Articles of Incorporation must meet both state and IRS requirements in order to successfully apply for tax exemption and become an exempt organization. Nonprofit organizations can raise funds or earn revenue, but they must bring them back into the organization.
The only two counties in Arizona that are exempt from incorporating publications are Maricopa and Pima. If your business is located in either of these counties, you can post your notice on the Arizona Companies Commission website instead. The purpose of your organization must be stated in the Articles of Incorporation, including restrictions on activities and the distribution of assets in the event of dissolution. This is one of the IRS requirements for obtaining 501(c)(3) status.
