What is a Pennsylvania Non Profit Corporation?
Nonprofit corporations are organized to serve community and worship purposes and depends on contributions. Shareholders of nonprofit corporations may not receive profits or monetary benefits from the corporations. Nonprofit corporations do not have stocks like profit corporations.
The purpose of the non profit may be but not limited to:
- Benevolent
- Charitable
- Civic
- Cultural
- Educational
- or Religious
How to apply for a Pennsylvania nonprofit corporation?
- File charitable Organization Registration Statement with the Pennsylvania state department along with the required filing fee.
- All applicants included in the nonprofit corporation must sign the statement.
How to apply for a federal exemption?
- Approval from the PA state department does not give you an automated authority to conduct an operation in the state of Pennsylvia as a non profit entity.
- After filing articles of incorporation of a PA nonprofit entity, you are responsible to file 501c3 with the Internal Revenue Service for the federal exemption.
- Donors cannot claim the donations on their returns without federal exemption. It is a lengthy and complex process and we recommend to apply as soon as possible after getting approved by the PA department of state.
Yearly filing requirement to maintain the status of Pennsylvania Non Profit organization
- Annual report of a PA nonprofit corporation is not applicable and you will file an amended statement to make changes in the original articles.
- Report funds collection and distribution to the departments if required and keep the records to support your reportings.
