How to Start a Nonprofit in Wyoming


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.
Start a Nonprofit in Wyoming

Are you looking to start a nonprofit in Wyoming? You’ve come to the right place. Known for its vibrant community and rich culture, Wyoming (often referred to as The Equality State) is an ideal location for establishing a nonprofit organization. Unlike for-profit businesses, nonprofits focus on addressing pressing social issues and require a strong foundation, thorough research, and a clear mission targeting a specific community problem.

Embarking on the journey of creating a nonprofit entails various crucial steps, such as obtaining 501(c)(3) status. A 501(c)(3) organization is designed for charitable, religious, educational purposes, and more, qualifying it for federal and state tax exemptions.

In the spirit of Wyoming’s motto, “Equal rights,” thousands of nonprofits are founded within the state each year. This article will provide a comprehensive guide to starting your own nonprofit corporation in Wyoming. Keep in mind that the steps discussed here are general guidelines, and modifications may be necessary depending on your specific circumstances. To gain a deep understanding of how to start a nonprofit in Wyoming, we encourage you to read this article in its entirety.

What is a Nonprofit in Wyoming?

Nonprofit organizations are legal entities that operate to serve public benefits and address community issues. Unlike for-profit organizations, nonprofits do not aim to generate any profit. The Internal Revenue Service (IRS) generally exempts nonprofit organizations from tax. However, based on the business entity structure, you will receive tax exemptions as a nonprofit.

In Wyoming, ensure you have a community issue to address before you start forming your nonprofit. It can generally be education, religion, charity, social service, or other social issues. Nonprofits do not pay taxes on the money they receive through fundraising programs, donations, or any charitable funding.

Types of Nonprofits in Wyoming

The first thing one has to decide is what type of nonprofit structure one wants. There are several types of nonprofits one can start. Here is a list of nonprofit types one can choose from-

  1. Nonprofit LLC
  2. Nonprofit Corporation
  3. Unincorporated Nonprofit

Forming an LLC in Wyoming for your nonprofit can be a smooth option. However, having a corporation is less complex than having a nonprofit LLC. Hence, it is wise to start a nonprofit corporation instead of an unincorporated nonprofit or nonprofit LLC.

LLCBuddy Editorial Team.

Technically, starting a corporation for your nonprofit protects your personal assets but also is eligible for Federal and State tax exemptions. When you form an LLC for your nonprofit, it only protects your personal assets but does not give you any tax exemptions. On the other hand, a nonprofit Corporation has both corporation and limited liability company benefits. You can also have an unincorporated structure where you don’t have to register it. Unincorporated nonprofits in Wyoming might be eligible for tax exemptions (check with Wyoming Department of Revenue), but this type of organization does not get to enjoy limited liability and personal asset protection.

How to Start a Nonprofit Corporation in Wyoming

Setting up a nonprofit corporation requires a few things to consider. Name of the nonprofit, initial directors, drafting bylaws, get a Registered Agent, obtain tax IDs, insurance, and a bank account – these are important steps you must follow. The steps mentioned here are general business formation steps. State-wise, some steps can be different. Getting an expert consultation before you start your nonprofit corporation formation is recommended. Here are the steps explained below-

Step 1: Get a Suitable Name for Your Wyoming Nonprofit Corp

The first step is to name your nonprofit corporation. You must be sure that the name is available and that no other organization is using this name. You can check the Wyoming LLC name search to find the best suitable name for your organization. You must follow those rules to avoid any legal issues later. You can reserve the name for 120 days for any domestic entity (such as a nonprofit LLC) if you’re not forming the nonprofit immediately.

Step 2: Appoint the Initial Board of Directors

The next step is to get your nonprofit’s initial board of directors. It is very important when you are setting up a nonprofit corporation. You need at least Three unrelated directors to start the organization. If you don’t choose a minimum of Three directors, it will automatically become a member-managed corporation.

Step 3: Appoint Your Wyoming Registered Agent

The third step is to get a Wyoming Registered Agent for your nonprofit corporation. The Registered Agent is a person who receives all the legal documents on your behalf. It is necessary to get a registered agent. He/she must be above 18 years old and have a physical address in Wyoming.

Step 4: Write Wyoming Nonprofit Bylaws

The next important step is to write the company bylaws. The directors and board members must decide how the meetings, elections, voting, and other corporate activities will be held. These bylaws must comply with the Wyoming state law. It is similar to an LLC operating agreement in Wyoming for the LLC owners.

Step 5: File the Wyoming Articles of Incorporation

This is the most important step. File your Articles of Incorporation with the Wyoming Secretary of State. You can do it through one method that is by mail. All the formation forms, such as the Wyoming LLC Articles of Organization form, the Wyoming Articles of Incorporation form for corporations, forms for LLPs, and all others can be found on the Wyoming SOS official website. Submit the details of your nonprofit corporation, like the name of the nonprofit, address, name and address of the registered agent, operation dates, directors’ details, and more information related to your company. You can send the form (for offline filing) and the filing fee of $100 by mail filing to the Wyoming Secretary of State, 2020 Carey Avenue, Suite 700, Cheyenne, WY 82002 or upload it online (if available).

Step 6: Obtain Tax ID for Your Wyoming Nonprofit Corporation

The subsequent step involves obtaining a Tax ID for your nonprofit corporation. You will need to acquire an Employer Identification Number (EIN) from the official IRS website. To obtain the EIN, submit your application to the IRS office either by mail or through their online platform. There is no associated cost for this process.

Step 7: Get Business Licenses in Wyoming

The next step is to get the business licenses you need to run your nonprofit organization in Wyoming. Check with the local government office if any special licenses you need to run your nonprofit. You can file your nonprofit as a charity if you want.

Step 8: Federal Tax Exemption

You must submit Form 1023 to the IRS to file for federal tax exemption. This form, titled “Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code,” is required for all nonprofit corporations. Smaller nonprofits have the option to file Form 1023-EZ instead. You will be prompted to provide details about your organization upon obtaining the relevant form. Complete the form with the necessary information and submit it. The filing fees are $600 for Form 1023 and $275 for Form 1023-EZ.

Step 9: State Tax Exemption

Once you get the Federal Tax Exempt, it is time for State Tax Exempt. In Wyoming, you must apply for the tax exemption to Wyoming Department of Revenue. Get the form, fill it up with the correct details, and send it to the office. You may need to pay a fee along with the form and supportive documents to apply for the State Tax Exemption. You need Exemption Certificate to apply for the state tax exemption. Read Wyoming classification of taxes to learn more about the Wyoming tax structure.

Step 10: Get Insurance for Your Wyoming Nonprofit

Once you start your nonprofit, you must get insurance to protect your organization. You must get workers’ compensation and unemployment insurance if you have employees. Based on your nonprofit structure, you might need general liability insurance, property, vehicle, auto insurance, etc. You can contact the insurance providers to learn more about which are required for your organization. Also, you can contact Wyoming Insurance Department for more information.

After Forming Your Wyoming Nonprofit Corporation

Once your nonprofit is formed, there are additional steps to complete:

  • Get a Business Bank Account: You must get a business account for all types of business-related transactions in Wyoming. You may need different documents based on the bank and place of business. Check with the bank for it.
  • File Nonprofit as Charity: This is optional. Your nonprofit is either for charity purposes or any purpose that meets your community’s needs. If your organization is for charity purposes, then you can file your nonprofit as a charity to enjoy tax exemptions.
  • Other Business Compliances: You may need additional compliances based on your nonprofit type. Check with your attorney or local authority for more information.

Names of Nonprofit Corporations in Wyoming

Following are some of the Nonprofit Organizations in Wyoming. The contact information of these organizations can be found on Wyoming SOS official websites.

  • Black Dog Animal Rescue
  • Casa Ventosa Rescue Inc
  • Childrens Western Wish Foundation
  • Meals On Wheels Of Cheyenne Inc
  • Cheyenne Regional Medical Center Foundation
  • Wyoming Stock Growers Land Tr.
  • CHEYENNE INTERFAITH HOSPITALITY NETWORK INC (Interfaith Family Support Services)

FAQs

What is required to start a nonprofit in Wyoming?
Starting a nonprofit in Wyoming requires filing Articles of Incorporation with the Wyoming Secretary of State, appointing a registered agent in Wyoming, drafting bylaws, meeting certain organizational and operational requirements, and filing a charitable solicitation registration with the Wyoming Secretary of State.
What paperwork is necessary to start a nonprofit in Wyoming?
To start a nonprofit in Wyoming, you must file Articles of Incorporation with the Wyoming Secretary of State and draft bylaws. You will also need to appoint a registered agent in Wyoming and complete certain organizational and operational requirements.
Is there a fee to start a nonprofit in Wyoming?
Yes, there is a filing fee of $100 to file Articles of Incorporation with the Wyoming Secretary of State.
How long does it take to start a nonprofit in Wyoming?
It typically takes 4-6 weeks to start a nonprofit in Wyoming, including the filing of Articles of Incorporation, appointing a registered agent, drafting bylaws, and completing the other organizational and operational requirements.
Does a nonprofit in Wyoming need to register with the state?
Yes, a nonprofit in Wyoming must register with the state by filing a charitable solicitation registration with the Wyoming Secretary of State.
What are the benefits of starting a nonprofit in Wyoming?
Starting a nonprofit in Wyoming offers many benefits, such as protection from personal liability, tax exemption, favorable tax rates, and access to grants and donations.
What is the process of starting a nonprofit in Wyoming?
The process of starting a nonprofit in Wyoming involves filing Articles of Incorporation with the Wyoming Secretary of State, appointing a registered agent in Wyoming, drafting bylaws, completing certain organizational and operational requirements, and filing a charitable solicitation registration with the Wyoming Secretary of State.
Can a nonprofit in Wyoming receive donations?
Yes, a nonprofit in Wyoming can receive donations, as long as it is registered with the state.
Who can start a nonprofit in Wyoming?
Any individual, group of individuals, or organization can start a nonprofit in Wyoming.
What is the first step to start a nonprofit in Wyoming?
The first step to starting a nonprofit in Wyoming is filing Articles of Incorporation with the Wyoming Secretary of State.
What are the tax benefits of starting a nonprofit in Wyoming?
Starting a nonprofit in Wyoming offers several tax benefits, such as exemption from state and federal income taxes, sales taxes on purchases, and favorable tax rates on donations.
Does a nonprofit in Wyoming need to have a board of directors?
Yes, a nonprofit in Wyoming must have a board of directors that is responsible for overseeing the organization and making important decisions.
Can a nonprofit in Wyoming hire employees?
Yes, a nonprofit in Wyoming can hire employees, as long as the organization meets certain requirements.
What paperwork must be filed to start a nonprofit in Wyoming?
To start a nonprofit in Wyoming, you must file Articles of Incorporation with the Wyoming Secretary of State, appoint a registered agent, and draft bylaws. You must also complete certain organizational and operational requirements, as well as file a charitable solicitation registration with the Wyoming Secretary of State.
Does a nonprofit in Wyoming need to register with the IRS?
Yes, a nonprofit in Wyoming must register with the IRS by filing Form 1023 or 1023-EZ.
What is the filing fee to start a nonprofit in Wyoming?
The filing fee to start a nonprofit in Wyoming is $100 to file Articles of Incorporation with the Wyoming Secretary of State.
How do I find a registered agent for my nonprofit in Wyoming?
You can find a registered agent for your nonprofit in Wyoming by searching online for registered agents in the state or by contacting the Wyoming Secretary of State.
Does a nonprofit in Wyoming need to file annual reports?
Yes, a nonprofit in Wyoming must file annual reports with the Wyoming Secretary of State in order to remain in good standing.
Does a nonprofit in Wyoming need a business license?
No, a nonprofit in Wyoming does not need to obtain a business license.
What is the best way to find out more information about starting a nonprofit in Wyoming?
The best way to find out more information about starting a nonprofit in Wyoming is to contact the Wyoming Secretary of State for more information and guidance.
What are the requirements for a board of directors for a nonprofit in Wyoming?
The requirements for a board of directors for a nonprofit in Wyoming include having at least three members, appointing officers, having regular meetings, and providing oversight of the organization.
What are the organizational and operational requirements for a nonprofit in Wyoming?
The organizational and operational requirements for a nonprofit in Wyoming include having a board of directors, appointing officers, drafting bylaws, filing annual reports, and filing a charitable solicitation registration.
What is the filing fee to register a charitable solicitation registration in Wyoming?
The filing fee to register a charitable solicitation registration in Wyoming is $50.
Does a nonprofit in Wyoming need to have an office in the state?
Yes, a nonprofit in Wyoming must have an office in the state in order to be considered a legal entity.
What documents must be filed with the Wyoming Secretary of State?
To start a nonprofit in Wyoming, you must file Articles of Incorporation and a charitable solicitation registration with the Wyoming Secretary of State.
What is the minimum amount of money required to start a nonprofit in Wyoming?
There is no minimum amount of money required to start a nonprofit in Wyoming.
How do I obtain tax exemption for my nonprofit in Wyoming?
To obtain tax exemption for your nonprofit in Wyoming, you must file Form 1023 or 1023-EZ with the IRS.
Where can I find more information about starting a nonprofit in Wyoming?
You can find more information about starting a nonprofit in Wyoming from the Wyoming Secretary of State and the IRS.
What are the steps to starting a nonprofit in Wyoming?
To start a nonprofit in Wyoming, you must first select a name and obtain the necessary paperwork from the Wyoming Secretary of State. You will then need to draft a mission statement, create bylaws, and file your articles of incorporation. Once these steps are complete, you will need to apply for 501(c)(3) tax-exempt status from the IRS.
What are the requirements for registering a nonprofit in Wyoming?
To register a nonprofit in Wyoming, you must submit the necessary paperwork to the Wyoming Secretary of State, including articles of incorporation, a statement of purpose, and bylaws. You must also pay the applicable filing fees and obtain any necessary business permits.
Are there any restrictions on the type of organization I can form in Wyoming?
Yes, in Wyoming, nonprofits must have a charitable, educational, religious, or other public purpose. Political activities are not allowed in nonprofit organizations in Wyoming.
Are there any tax benefits for nonprofits in Wyoming?
Yes, nonprofits in Wyoming may be eligible for certain tax benefits, such as exemption from the state sales and use tax and the state corporate income tax. Additionally, nonprofits in Wyoming may be eligible to receive donations that are tax-deductible for the donor.
Does Wyoming require nonprofits to be registered with the state?
Yes, nonprofits in Wyoming must be registered with the Wyoming Secretary of State.
Does Wyoming require nonprofits to have an annual report?
Yes, nonprofits in Wyoming must submit an annual report to the Wyoming Secretary of State each year.

Also Read

Why Wyoming Nonprofit Corporation is So Important

One of the key reasons why Wyoming nonprofit corporations are so important is their ability to fill in gaps left by government services. While government agencies may have limitations on their funding and resources, nonprofits can often step in to provide additional support and resources where they are needed most. Whether it’s helping to feed the hungry, providing shelter for the homeless, or offering educational programs for children, nonprofit organizations are essential in ensuring that all members of the community have access to the help and support they need.

In addition to filling in gaps in services, nonprofit corporations in Wyoming also play a crucial role in advocating for social change and progress. These organizations have the flexibility and freedom to address issues that are often overlooked by traditional government agencies. Whether it’s working to protect the environment, fighting for social justice, or advocating for better access to healthcare, nonprofits in Wyoming are at the forefront of driving positive change and making a difference in the lives of residents across the state.

Nonprofit organizations in Wyoming also provide a platform for residents to come together and make a difference in their communities. Whether it’s through volunteering, making donations, or participating in fundraising events, individuals can be actively involved in supporting causes they care about and helping to make a positive impact on their communities. Nonprofits provide a sense of community and purpose, allowing residents to come together in solidarity and work towards a common goal.

Furthermore, nonprofit corporations in Wyoming are essential in promoting economic development and growth in the state. By providing job opportunities and supporting local businesses, nonprofits play a key role in driving economic activity and prosperity in communities across Wyoming. These organizations not only provide valuable services and support to residents in need but also contribute to the overall health and well-being of the state’s economy.

Overall, nonprofit corporations in Wyoming are an integral part of the fabric of society, providing essential services and support to residents across the state. By filling in gaps left by government services, advocating for social change, and promoting economic development, nonprofits play a vital role in making Wyoming a better place for all who call it home. It is crucial that we continue to support and invest in nonprofit organizations in Wyoming, as they are truly the backbone of our communities and play a key role in ensuring a brighter future for all.

Conclusion

Starting a nonprofit corporation in Wyoming is an incredible way to give back to your community and positively impact the causes that matter most to you. By forming a nonprofit, you can provide essential services, promote awareness, and make a lasting difference in the lives of those who need it most. In Wyoming, a lot of nonprofit organizations are there to cater to people in need. Starting a nonprofit corporation is better than an LLC, as it provides limited liability and tax benefits. It helps you save taxes. If you want to start a nonprofit in Wyoming, you must follow the steps mentioned above in the article.

Leave a Comment