✅ It’s Official: We’re a 501(c)(3)

We applied. We got approved. And now we’re showing you the exact path.

🎉 Big News — We’re Official

Nonprofit YOUR Business is now a fully approved 501(c)(3) organization.

The IRS said yes.

And they’ll say yes to yours too — if you follow the right steps.

Here’s what happened:

  • Filed our Form 1023-EZ: June 2

  • IRS approval date: July 21

  • Received confirmation from our registered agent: August 5

👉 And as of this writing, the IRS is still processing applications submitted before May 8 — which means our 7-week turnaround is ahead of pace.

This is real.

We’re not just building a newsletter — we’re building a nonprofit holding company.

And you’re watching it happen in real time.

🧾 Here’s the Exact Mission Statement We Used

If you’ve been wondering what to actually write when the IRS asks for your mission or most significant activities… here’s the exact language we submitted on our Form 1023-EZ — and it was approved without revision:

“We provide educational resources and training to empower entrepreneurs in underserved communities, fostering economic growth and self-sufficiency.”

✅ It’s service-driven

✅ It’s focused on public benefit

✅ It aligns with IRS expectations for a 501(c)(3)

This is a great model if you’re looking to structure your nonprofit around training, education, or business development — especially if you plan to help others set up businesses of their own under a compliant nonprofit umbrella.

📹 See Exactly How We Applied

We recorded our real application process so you can follow along.

Here’s the 1023-EZ walk-through video:

In the video, you’ll learn:

  • Where to go to apply online

  • What documents you need ready

  • How to format your purpose

  • What not to say

  • How to submit and pay the $275 fee

The whole process takes less than 30 minutes.

And approval isn’t nearly as mysterious as people make it out to be.

🧰 What This Approval Unlocks

We’re now officially:

  • Tax-exempt at the federal level

  • Eligible to open a nonprofit bank account

  • Qualified for discounts through TechSoup, Canva for Nonprofits, Zoom, and more

  • Able to own a business, affiliate revenue, and IP inside a nonprofit

And remember — our end game is to use this structure as a holding company.

Not to fundraise. Not to apply for grants.

But to run a lean, IRS-compliant business that owns other businesses.

💡 Big Takeaways This Week

1. You don’t need a lawyer.

The 1023-EZ is designed for DIY founders.

2. You don’t need to be perfect.

The IRS isn’t expecting a 40-page business plan — they want clarity and intent.

3. You don’t need donations to succeed.

This structure works for self-funded business owners. You can accept donations — but it’s not required. More on that next issue.

4. You’re not behind.

You can incorporate this month, apply for your EIN today, and file your 1023-EZ this week — and be approved before the holidays.

🔜 Coming Next:

In the next issue, we’ll show you:

  • Why we aren’t chasing donations or grants

  • How this nonprofit still generates revenue

  • Why this structure is ideal for solo operators, consultants, course creators, and franchisors

🔗 Don’t Miss a Step

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