CHANGING THE NAME OF A NONPROFIT

EMPLOYMENT PERSONAL & FAMILY TAX, LICENSES & PERMITS WILLS & TRUSTS


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A 501(c)(3) corporation, otherwise well-known as a nonprofit, is an company that is arranged under state law however has a distinct taxes status granted to it by the IRS. These groups are not supposed to enrich individuals, yet promote a charitable, spiritual, educational or public safety objective. Individuals can make donations to these groups and deduct those quantities from their taxable income. If a 501(c)(3) corporation wishes to change its name, it must file via both the state it is arranged in and the IRS.

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Choose a name. The name should convey the purpose of the company and also encompass the word “corporation” or “incorporated.” It cannot imply a link via one more entity or company that a 501(c)(3) cannot participate in. Words such as federal, USA, lawyer, cooperative, and trust are frequently not permitted to be supplied as part of the name of a 501(c)(3). Read More: How to Run Your Own 501(c)(3)


Search your state"s service entity database to ensure the name you are reasoning of utilizing is accessible. A nonprofit cannot have a name that is the exact same or comparable to one more corporation that currently exists in the state wright here the 501(c)(3) is headquartered.


Call a meeting of the nonprofit’s board of directors. The procedure for calling such a meeting is frequently found in the nonprofit"s bylaws. Usually, either the board’s Chairmale or another authorized perchild need to call the meeting and administer enough notice to all of the directors so they have the right to attfinish. Sometimes notice may be waived if the directors that carry out not attend submit a waiver saying they did not require alert and also they waive their right to it. The notification must state what the function of the meeting is and the proposed name.


Vote on the name change. Changing a name needs amfinishing the nonprofit’s write-ups of incorporation. The bylaws likely outline the kind of majority compelled to amend the short articles. States generally need that all corporations, consisting of 501(c)(3)s, keep minutes of the meeting. The minutes have to include what was voted on, a copy of the initiative and also the outcomes of the vote.

See more: Indiana Association Of Nonprofit Organizations Inc, How To Start A Nonprofit Organization In Indiana


File the amendment via the state business registrar. Typically, the registrar is the Secretary of State. The state office need to administer you through the creates you should finish to file the amended short articles. Obtain documented proof that the registrar received and accepted your nonprofit’s amfinished short articles.


Documents your 501(c)(3)’s taxes rerotate and also inform the IRS of the name adjust using that rerotate. On Item B of page among Form 990, Return of Organization Exempt from Income Tax, examine the name adjust box. Wbelow the develop asks for name, compose the nonprofit’s new name. Attach a copy of the amfinished articles of incorporation as well as recorded proof that the state wbelow the nonprofit is incorporated embraced the amended write-ups.


Request a new 501(c)(3) letter with the nonprofit’s new name. Wait until after the IRS has processed the most current 990. Consider contacting the Exempt Organizations branch of the IRS to encertain the name has actually been adjusted by calling (877) 829-5500. Complete Form 4506-A, Research for Public Inspection or Copy of Exempt or Political Organization IRS Form, and also submit to the IRS, RAIVS UNIT MS: 6716, Ogden, UT 84201. You deserve to also fax the return to 801-620-7896. It may take approximately 60 days to obtain a copy of the letter.