Many people are aware that they need to file their annual 990 form at the end of the year with the IRS in order to keep their 501(c)(3) status. But did you know that you might also have to submit an annual report to your Secretary of State?
A common scenario: you’re starting a nonprofit and you’re on page one of the incorporation application. So far, so good.
While most are already familiar with charitable organizations, there are other types of tax-exempt organizations that all have certain obligations. Read more to learn about other types of nonprofit organizations that are classified by the IRS.