Maryland Nonprofits - Registration, Tax Exemption, and Annual Report Filing Requirements
Maryland Nonprofits - A Guide to Registration and Tax Compliance
To establish and manage a nonprofit organization, it's crucial to possess a complete understanding of the regulations and criteria set forth by the relevant state authority.
Here, you can find out how to register a nonprofit in the state of Maryland, the annual filing requirements for a nonprofit in Maryland, and more.
| Requirements |
Registration
|
Annual Filing
|
||
|---|---|---|---|---|
| With the State of Maryland | Charity Registration | Registration Renewal | Annual Report | |
Required Forms |
Registration Statement for Charitable Organizations |
Form COR-92 - along with a copy of IRS Form 990, 990-EZ, or 990-PF. Form COF-85 - along with a copy of IRS Form 990 N. |
Form 1 - Business Entity |
|
Due Date |
Before establishing a Nonprofit entity. |
Before soliciting any contributions within the state. | 15th day of the 4th month after the end of the organization's fiscal year. | April 15 |
Filing Fee |
$170 | $0 - $300 | N/A | N/A |
Frequently Asked Questions
How to Start a Nonprofit in Maryland?
You need to fulfill the outlined registration requirements to initiate a nonprofit organization in Maryland.
Registration with the Office of the Secretary of State:
To register your nonprofit, the state of Maryland requires you to submit an Articles Of Incorporation with the Office of the Secretary of State.
Typically, this submission must include the following information:
- Name and address of the individuals
- Registered Agent
- No. of Board of Directors
- Declaration of Purpose
- Effectiveness of Filing
The articles of incorporation can be filed either online or by mail. Along with the submission, the organization must pay a fee of $170.
Charity Registration with Maryland Secretary of State:
The State of Maryland mandates nonprofits to register as charitable organizations with the Secretary of State using Form COR-92 before soliciting contributions.
How to Obtain Tax-Exempt Status from the State of Maryland?
If the nonprofit organization has obtained 501(c)(3) or 501(c)(19) tax-exempt status from the IRS by submitting either Form 1023 or 1024, they can submit Maryland Sales And Use Tax Exemption Application along with the IRS determination letter.
Charitable/educational organizations that obtained tax-exempt status under the other subsections of 501(c) can use this form.
What are the Annual Filing Requirements for Nonprofits in Maryland?
Registration Renewal
The state of Maryland mandates that nonprofit organizations renew their registration annually using Form COR-92 along with a copy of IRS Form 990,990-EZ, or 990-PF.
If the organization is required to file Form 990-N with the IRS, they can use Form COF-85.
Annual Report:
Maryland law also requires nonprofit organizations to file an Annual Report (Form 1) electronically each year.
When is the Deadline for Nonprofits to Submit Annual Renewal and Annual Report?
Registration Renewal:
The deadline for nonprofits to complete their annual registration renewal is the 15th day of the 4th month after their accounting period ends. This means, the organizations following the calendar tax year must complete the renewal on or before April 15.
Annual Report:
The due date to submit an annual report to the state of Maryland is April 15th.
Are there any Penalties for Late Filing of the Annual Renewal and Annual Report?
Registration Renewal:
Failure to submit the annual renewal will result in a penalty of $25 for each month after the due date.
Annual Report:
Failure to file the annual report by the due date will result in penalties for the organization with the penalty amount ranging between $30 - $500.
How to file an annual renewal and annual report form with the state of Maryland?
Registration Renewal:
Form COR-92/COF-85 can be completed and sent via mail to the below address or emailed to [email protected].
Office of the Secretary of State,
16 Francis Street,
Annapolis, MD 21401.
Annual Report:
- You can renew electronically through the online portal http://www.ct.gov/dcp provided by the Connecticut state.
- If not, you can complete the renewal Form CPR-80 and mail it to the address shown below:
DEPARTMENT OF CONSUMER PROTECTION,
450 Columbus Blvd, Ste 801,
Hartford, CT 06103.
Annual Report:
Nonprofits can submit their Annual Report via Online (or) complete and send the form to the below address:
P.O. BOX 17052,
BALTIMORE,
MARYLAND 21297-1052.
Article Sources:
- Article of incorporation - Articles Of Incorporation For A Tax-Exempt Nonstock Corporation
- COR-92 - Registration Statement for Charitable Organizations
- Form 1 - Annual Report Filing for Nonprofits