You did it! After incorporating in April of 2011, we spent the last 2 years developing our avant-garde programs & services and finding just the right volunteers to manage this incredible organization. The time has finally come to submit our Application for Recognition of Exemption (or Form 1023)!
Take a look at our actual Form 1023 and all of the required attachments by visiting:
The cost for our organization to submit this application is a steep $850.00. You helped us raise this fee by supporting us! Once the IRS receives our application, we will receive a written response within 21-90 days. The response will be 1 of 3 possibilities:
- Approved - Immediately receive tax-exempt determination letter. (Yay!)
- Needs Review - Assigned to a specialist and can take more than a year. (Okay.)
- Denied - Application rejected. (Oh no!)
Once our application is approved, all donations from April 21, 2011 will be classified as a "charitable contribution" and thus, tax-deductible for income tax purposes. All future contributions will also be considered "charitable contributions" which allow large businesses, government granters and generous donors the ability to donate to our incredible organization.
Your support over the last few years has been absolutely incredible! Our success today is due to the time and money that you have invested into I'm Positive, Inc. The future holds bright and POSITIVE things for our community and with your help, there are no limits.
President & Executive Director