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Jon Sutton

Executive Director, Empowering Students

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What is needed for IRS 501(c)3?

I have:

*Articles of Incorporation from my State
*A staff
*A Board of Directors (being implemented)
*Bylaws (being drafted)

I read somewhere that the IRS requires, upon dissolution, all assets to go to a charitable organization. Is this true? If so, I have to choke up $30 and amend my original Articles.

Thanks to anyone who can help..

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    Oct 31 2011: Yeah, I stupidly designated myself as the recipient organization. Unfortunate!

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