WHAT WE DO
We have years of experience working with philanthropic clients, non-profits and charities: from creation and governance, to transaction assistance and tax compliance, to advocacy and dissolution. These include private foundations, public charities, social welfare organizations, business associations, or anything in between. Whether you are thinking of philanthropy as part of your legacy or managing an existing charitable endeavor, we will discuss your goals and challenges to help you achieve your objectives.
Dream and Start 
Growing and Changing 
Opportunities and Challenges 
Entity Conclusion Dream and Start Up
Creating Non-Profits and Charities
- What are your charitable goals?
- How involved do you want to be in the daily oversight?
- Is the endeavor family focused or community focused?
We will meet with you to discuss your charitable goals to determine the appropriate tax-exempt status of your new organization, which may be a private foundation, public charity, advocacy organization, or membership organization.
We will work with you each step of the way in creating the corporate entity, preparing your Bylaws, applying for tax-exempt status by filing Form 1023, and registering with the New York State Office of Attorney General.
Services
- Incorporation of Entity
- Creation of Initial Bylaws and Conflict of Interest Policy
- Assistance with Initial Meeting
- Preparation and filing of applicable Federal Tax-Exemption Application (Forms 1023, 1024, etc.) and supporting exhibits
- Filing with State Charities' Bureau
- Guidance on suggested steps for ongoing compliance
Growing and Changing
Corporate Governance and Growing Pains.
- Is the Board or membership unsure about policies and procedures?
- Are you experiencing strong disagreements about how to interpret the Bylaws?
- Is it challenging for you to carry out your original charitable goals?
We can assist your Board in identifying the governance challenges it faces as the organization matures or its charitable purpose pivots.
We will work with you to address any concerns about the current corporate structure and revising your Bylaws if we determine that a more appropriate structure is best for the organization’s future.
Services
- Consultation and discussion of goals and challenges
- Identify existing procedures and advise on best practices
- Revise Bylaws or Certificate of Incorporation
- Review or Prepare Policies and Procedures
Opportunities and Challenges
Tax Issues.
- Are you considering a transaction or investment with a for profit entity?
- Have you received a notice from the IRS of an excise tax?
- Have you lost your tax-exempt status and need guidance for next steps?
If you are considering a specific transaction, have been notified that your organization is subject to excise taxes or statutory dissolution, or have discussed a merger or acquisition, we can provide your organization information about the tax impact of your identified scenario.
We will assist you in understanding the relevant challenges and identifying solutions.
Services
- Research and provide guidance on Unrelated Business Income Tax for specific transaction
- Review transaction for private benefit or private inurement
- Represent organization in IRS or State examination or audit
- Assist in re-application of tax-exempt status automatically revoked by IRS
- Communicate with accountant in determining possible tax consequences
Entity Conclusion
Dissolution or Merger.
- What tax requirements must I comply with to dissolve a charity?
- How do I merge with another charity?
- Can you help me comply with the Attorney General's rules to have my transaction approved?
If your organization is considering a merger or dissolution, we will provide you the critical information you need to determine the best approach. All non-profits must conform to strict regulations, both State and Federal, to wind down the organization. Your organization may have more than one option available and we can guide you in determining the better approach. We will also assist you in dissolving the organization according to corporate and tax laws.
Services
- Voluntary Dissolution for NFP with Assets
- Voluntary Dissolution for NFP without Assets
- Preparation of Plan of Dissolution for submission to Charities Bureau
- Governmental Approvals, if Required (such as Department of Education)
- Compliance with IRS Code, Regulations and Practices
We hired Jennifer to assist us in setting up a Not For Profit that assists college bound students with partial scholarships. She was very helpful in steering us through the state agencies, tax requirements and legal documentation we needed to properly execute on our plan.
Michael
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