I received $15,000 towards a business venture from two different people. We’ve incurred nearly $15,000 in expenses in 2020. We’ve since decided to launch the venture as a non profit, under a

[Critter-3]

ASAP seek local professional assistance to get this set up correctly ... a non profit has many many hoops to jump thru and should not be considered lightly.  Failure to do things properly can cost you all dearly. 

[Anonymous]

TT does not handle form 990's.  in addition for it to be a non-profit you must seek a determination letter from the IRS form 1023 or EZ. there is a fee. you should be using the services of a lawyer because there are legal documents that must be prepared and included that are outside the scope of tax returns. 

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