What are the requirements for starting a non-profit organization in Illinois?
In Illinois, non-profit organizations are governed by the Illinois Not For Profit Corporation Act. To start a non-profit organization in Illinois, you must follow the following steps:
- Choose a name for your non-profit organization: The name must be unique and not similar to any existing Illinois business or non-profit organization.
- Create a mission statement: This should clearly state why you are creating the non-profit organization and what the organization's goals are.
- Draft Articles of Incorporation: This document is filed with the Illinois Secretary of State's office and must include the organization's name, purpose, duration, registered agent, and initial board members.
- File the Articles of Incorporation: The filing fee is $50, and you will receive a Certificate of Incorporation upon approval.
- Obtain an Employer Identification Number (EIN): This is required for tax purposes and can be obtained online through the IRS.
- Apply for tax-exempt status: Non-profit organizations can apply for tax-exempt status with the IRS by filing Form 1023. This process can be time-consuming and may require the assistance of an attorney or accountant.
- Register with the Illinois Attorney General's Office: Non-profit organizations must register with the state of Illinois and pay an annual fee of $10. This registration ensures compliance with state laws regarding fundraising and operations.
It is important to note that starting a non-profit organization is a complex process, and it is recommended to seek the assistance of an attorney or other professional to ensure compliance with all applicable laws and regulations.