DONATE A HOUSE TO VCCEADCS NOW!

855-333-5888 ext. 400

702-701-0815

Dr. Elisheba Weathers

http://www.00madm.wix.com/vcceadcs

 

HELP US HELP THEM!!!

 

We NEED a donated house or 2 for our M-A-D After Jail/Prison Ministry

EIN: 41-2195871& NV20131662435/NPO 501(c)3

 

 

Charities get more donated homes 

http://usatoday30.usatoday.com/money/economy/housing/story/2011-12-29/nonprofits-donated-homes/52276976/1

 

Information on donated property for charitable organizations 

Charities described in section 501(c)(3) of the Internal Revenue Code need funds to operate their charitable, educational, or other tax-exempt programs. These charities may choose from a number of fundraising activities for financial support. A popular fundraising program is the sale of donated property.

 

Charities may also use donated property in their tax-exempt programs.

 

This webpage provides information about filing requirements of charities that receive charitable contributions of donated property. Charities may be required to file--

http://www.irs.gov/Charities-&-Non-Profits/Contributors/Information-on-Donated-Property-for-Charitable-Organizations

 

http://www.answers.com/Q/What_is_considered_to_be_charitable_donations

 

A charitable donation is the giving of any good, service, or monetary measure from a person or organization to a non-profit organization or charity, without expecting or receiving any personal gain. Ironically, many charitable donations are eligible for tax deductions

 

Reporting requirements: Exempt organization annual returns

Most charities must file annual returns of their activities and finances.  Beginning with the 2008 tax year (returns filed in 2009), a redesigned annual return requires organizations that receive donated property to file new Schedule M.  The new schedule will enhance the IRS' ability to scrutinize certain contributions for compliance with valuation and charitable deduction requirements.

 

Information on donated property for charitable organizations 

Charities described in section 501(c)(3) of the Internal Revenue Code need funds to operate their charitable, educational, or other tax-exempt programs. These charities may choose from a number of fundraising activities for financial support. A popular fundraising program is the sale of donated property.

Charities may also use donated property in their tax-exempt programs.

 

This webpage provides information about filing requirements of charities that receive charitable contributions of donated property. Charities may be required to file--

http://www.irs.gov/Charities-&-Non-Profits/Contributors/Information-on-Donated-Property-for-Charitable-Organizations

 

 M-A-D After Jail/Prison Ministry

M-Making  A D-Difference

Is Christian drug & alcohol free transitional housing for just released ex-inmates for 90 days each (we will review their case every 90 days to see if/when they are ready to move on). We are in the set up stages right now but our goal is to house 10 ex-inmates to assist them to get back what they lost: job, education, family, counceling, re-entry ect. from being in jail/prison as a result of breaking the law. No one said this will be easy but we are very, very commited & with God all things are possible if we just be believe and we DO! Amen?

 

http://nonprofitfilinghelp.com/faq.php

 

http://nonprofitfilinghelp.com/faq.php#q01

What does being a 501c3, tax-exempt organization mean?
(Tax-exempt status is defined in section 501c3 of the IRS Tax Code.) The term "tax-exempt," when used in reference to nonprofit organizations, generally refers to the net profits (proceeds over and above expenses) of an organization being exempt from federal and/or state income tax. While a nonprofit organization can be established by incorporating, the entity is not automatically tax-exempt upon creation with the state. Tax-exemption can usually be achieved only through applying for and receiving Internal Revenue Service (IRS) approval.

 

What benefit does being 501c3 offer my nonprofit and its contributors?
One of the primary benefits of being considered tax-exempt under IRC Section 501(c)(3) is the ability to accept contributions and donations that are tax-deductible to the donor. Additional benefits include, but are not limited to: Exemption from federal and/or state corporate income taxes. Possible exemption from state sales and property taxes (varies by state) Ability to apply for grants and other public or private allocations available only to IRS-recognized, 501c3 organizations Potentially higher thresholds before incurring federal and/or state unemployment tax liabilities The public legitimacy of IRS recognition Discounts on US Postal bulk-mail rates and other services

 

Will my nonprofit be given a 501c3 number separate from its EIN?
No. Your EIN is the only number federally associated with your organization. If you apply for and receive sales tax-exemption in your state (if available), you may have a number issued by that state agency that is different from your EIN.

 

What benefit does being 501c3 offer my nonprofit and its contributors?
One of the primary benefits of being considered tax-exempt under IRC Section 501(c)(3) is the ability to accept contributions and donations that are tax-deductible to the donor. Additional benefits include, but are not limited to: Exemption from federal and/or state corporate income taxes Possible exemption from state sales and property taxes (varies by state) Ability to apply for grants and other public or private allocations available only to IRS-recognized, 501c3 organizations Potentially higher thresholds before incurring federal and/or state unemployment tax liabilities The public legitimacy of IRS recognition Discounts on US Postal bulk-mail rates and other services

 

Once my nonprofit has been granted 501c3 status, what needs to be done to maintain that status?
At a minimum, the organization must continue to operate for the purposes for which it received tax exemption. In addition, certain federal and state compliance filings may be required. For example, accurate accounting practices must be maintained. All financial records are subject to public and federal review. Your organization must have annual reports, and minutes of their Board of Directors.

IRS tax return must be filed each year at the end of your non-profits fiscal year. Non-Profit Service can help you with all of these functions if you need additional support.

 

Will my nonprofit be given a 501c3 number separate from its EIN?
No. Your EIN is the only number federally associated with your organization. If you apply for and receive sales tax-exemption in your state (if available), you may have a number issued by that state agency that is different from your EIN.

 

What benefit does being 501c3 offer my nonprofit and its contributors?
One of the primary benefits of being considered tax-exempt under IRC Section 501(c)(3) is the ability to accept contributions and donations that are tax-deductible to the donor. Additional benefits include, but are not limited to: Exemption from federal and/or state corporate income taxes Possible exemption from state sales and property taxes (varies by state) Ability to apply for grants and other public or private allocations available only to IRS-recognized, 501c3 organizations Potentially higher thresholds before incurring federal and/or state unemployment tax liabilities The public legitimacy of IRS recognition Discounts on US Postal bulk-mail rates and other services

 

What information will be required on Form 1023?
In order for the IRS to make a determination, specific questions must be answered relative to the organization's legal structure, its governing board and potential conflicts of interest. More importantly, pages of detailed questions concerning the organization's activities must be answered. This is in addition to a two-year budget (new organizations) or three years of financial history (existing organizations) and a written narrative essay outlining the organization's programs, both current and planned that will advance the organization's exempt purpose. Add to that copies of supporting schedules and documentation and you have a basic application package

 

 When does Form 1023 need to be filed?
Generally, Form 1023 should be filed within 15 months of the organization's formation. For practical reasons, many organizations find it better to apply as soon as possible following formation. Extensions beyond 15 months may be possible under a variety of circumstances 

 

Once my nonprofit has been granted 501c3 status, what needs to be done to maintain that status?
At a minimum, the organization must continue to operate for the purposes for which it received tax exemption. In addition, certain federal and state compliance filings may be required. For example, accurate accounting practices must be maintained. All financial records are subject to public and federal review. Your organization must have annual reports, and minutes of their Board of Directors.

IRS tax return must be filed each year at the end of your non-profits fiscal year. Non-Profit Service can help you with all of these functions if you need additional support.

 

Will my personal tax or financial situation affect my nonprofit receiving 501c3 status?
No. There is no direct correlation between the organization and the financial, tax or credit status of any officer, director or employee.