Make big profit

yknot92688 asked:


Have a non-profit sports team and trying to get donations, but if a donation is big enough or from a company they request your number.

Category: United States by admin

2 Responses to “How does one go about getting a non-profit number to be able to receive donations for a non-profit org?”

1. kk, on November 30th, 2008 at 11:58 am Said:

   It is a complicated process that includes filing with the IRS and having a board, audits, etc. Is there a broader organization that you fall under that could filter the donations for you? For example, the amateur sports association. That would be MUCH easier.

2. i_advocate, on December 1st, 2008 at 6:00 pm Said:

   In most states, you have to first form a corporation with the designation of a non-profit as opposed to for profit. Then, you must apply to the IRS and your state taxing authority for non-profit status, which includes getting a non-profit tax ID number. In order to do so, the IRS usually wants to see a budget for your corporation for 3 years. It is difficult, as it should be, since there is ample room for fraud.

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