Are you looking to establish a nonprofit organization in Nashville, Tennessee? If so, you've come to the right spot. This guide will provide you with all the information you need to get started. The initial step in the process of creating a nonprofit organization in Tennessee is to obtain an employer identification number (EIN). To request an EIN, you must fill out the IRS Form SS-4 and submit it online to the Internal Revenue Service.
The next step is to apply for federal tax exemption or category 501 (c) (tax-exempt) under the Internal Revenue Code. Additionally, nonprofit organizations in Tennessee must also apply for sales tax exemption. To do this, complete and submit Form RV-F1306901 to the Tennessee Department of Revenue. If your request is approved, the Internal Revenue Service will send you a determination letter stating that your organization is exempt from federal taxes.
Publix Super Markets Charities supports various types of nonprofit organizations across the Southeast and focuses primarily on helping young people, promoting education, alleviating hunger, and reducing homelessness. This means that nonprofit organizations don't pay taxes on the money collected and that all profits are recycled back into the organization to promote its cause. It's also essential to develop a conflict of interest policy to protect the best interests of your nonprofit organization. This policy should guarantee that any decisions made by interested parties or board members are made in the best interests of the organization and not for personal gain.
You'll also need to obtain the necessary forms from the Tennessee Secretary of State's website in order to set up your nonprofit organization. Board directors are expected to determine what actions are best for the organization, decide and vote on budgets, and contact community members on behalf of the organization. Before creating a new nonprofit organization, make sure that you have identified an unmet need in your community and that there is no existing organization that supports your cause. Once your nonprofit organization is incorporated and tax-exempt, you'll enjoy many advantages such as limited liability, perpetual existence, discounts on U.
S. postal services, and access to funding from public and private foundations.
