Legal Filing Requirements for Establishing a Nonprofit

School: Southern New Hampshire University - Course: ACC 325 - Subject: Accounting

Lewiston-Auburn Roller Derby, or LARD, will be formed in the State of Maine. In order to maintain compliance, Maine requires that the NFP files the Annual Return Form 990 to the IRS. The Maine Secretary of State requires that Form MNPCA-13, or the Annual Report, is filed between January 1 and June 1 of each year. This is accompanied by a $35 filing fee. Maine also requires that the organization submit the Charitable Organization Registration form, annually by November 30th, to the Maine Office of Professional & Occupational Regulation. This is accompanied by a $25 filing fee (Hurwit & Associates n.d.). The federal tax reporting and legal filing requirement is fulfilled with Form 990, 990-EZ, or 990-PF. This can be submitted on the IRS website (IRS n.d.). In addition to this, the organization is required to fulfill applicable state requirements in order to maintain their federal nonprofit status. Sources Hurwit & Associates. (n.d.).Nonprofit registration and compliance: starting a nonprofit organization in Maine.Hurwit & Associates. Retrieved from: https://www.hurwitassociates.com/nonprofit-registration-and-compliance/starting-a- nonprofit-organization-in-maine/ IRS. (n.d.).Annual exempt organization return: due date.IRS.gov. Retrieved from: https://www.irs.gov/charities-non-profits/annual-exempt-organization-return-due-date You have now established your nonprofit in Milestone One: Establishing Your Nonprofit and reviewed theNational Council of Nonprofitswebsite and theAnnual Exempt Organization Return: Due Datewebsite in the Required Resources section of this module. In your initial post, consider the annual federal and state reporting requirements for compliance with legal and tax regulations for your nonprofit. Answer these questions: ●What are the federal tax reporting and legal filing requirements to maintain your nonprofit status? ●What are the tax reporting and legal filing requirements to maintain your nonprofit status for the particular state that your nonprofit is being established in?

Remember to name the state that your nonprofit will be established in. In responding to your peers, choose peers who are establishing a nonprofit for their project in another state. Has your peer covered all the federal filing requirements? If not, what is missing? After reviewing the state requirements your peer has presented, what requirements are the same and what requirements are different in the state that you have established your nonprofit in?