Steps required to form a KDU Member Group
It is expected that once a KDU Member Group is formed, they will seek to become a non-profit registered organization. A nonprofit organization is governed by state and federal laws. The following steps outline the process of becoming a nonprofit organization for U.S. State & Federal purposes:
Step 2
Prepare Certificate of Formation The certificate of formation defines what the organization will do and who will be initially responsible for the management of the organization.
Step 2A
Prepare Bylaws. A copy of the bylaws, signed by a corporate officer, must be submitted when applying for the federal tax-exemption.
Step 5
Apply for a Federal Employer Identification Number In order to be open a bank account & become tax-exempt, an organization must obtain a Federal Employer Identification Number (EIN).
Step 6
Prepare Federal Tax-Exemption Application The IRS Form 1023 may be obtained from the IRS website (http://www.irs.gov) together with the detailed instructions to the IRS Form 1023. The instructions describe, step-by-step, how to properly complete the IRS Form 1023.
``I am appealing to the various chapters to work on increasing their membership and to also encourage the formation of new chapters if they can be of help. Let us spread the good news so that Krios who are sitting on the fence will join us in our quest to not only live to our motto ‘Lɛ wi ɛp wisɛf’, but also ‘Lɛ wi ol wisɛf’.``