The cost to start a non-profit in Oregon varies. It usually includes a $50 to $100 filing fee for drafting bylaws and documentation to establish the organization.
Legal Requirements and Process
- You need to file Form 1023 or 1023-EZ with the Internal Revenue Service to get tax-exempt status for your non-profit in Oregon.
- Ongoing requirements include annual reporting, filing tax returns, and conducting board and member meetings.
- To dissolve a non-profit in Oregon, you need to file articles of dissolution.
Timelines and Benefits
- Once you file your Articles of Incorporation, you’ll hear back instantly if you file online, or in 1-2 days if you fax, or in 7-10 days if you mail.
- It could take anywhere between two weeks to three months to start a nonprofit in Oregon, if you have all paperwork in order and complied with laws. However, once formed and received federal tax-exempt status, you’ll enjoy benefits like limited liability and tax-deductible donations.
Steps to Establish a Non-Profit
- Select a name for your organization, file articles of incorporation and pay fee.
- Appoint board of directors and create bylaws outlining nonprofit structure and procedures.
- Apply for federal and state tax exemptions.
Required Board Members in Oregon
In Oregon, 501(c)(3) nonprofit board MUST:
- Have at least three non-related board members.
- Elect president and secretary.
- Board responsibilities include financial management, counselling, recruiting, ensuring well-being and health.
Cost Breakdown
Starting costs up to $2448 in state and federal fees. With legal help, the cost grows up to $10,248 or as low as $283 with pro bono help.