An EIN is an identifying number given to an organization by the Internal Revenue Service (IRS). Simply stated, it serves as a Social Security Number for a group. Obtaining an EIN is a simple and quick process. An EIN is needed to open a bank account and apply for tax-exemption. Obtaining an EIN does not mean that an RSO is tax-exempt, however, organizations with a local/national affiliation should ask their parent organization if they are allowed to use the parent’s EIN. Because of the importance of this number, the organization should save it in a safe place, where it will get passed on from year to year. It might be beneficial for the organization to give a copy of its EIN paperwork to the advisor.
Form SS4 (to create an EIN)