STARTING A NONPROFIT

                                                   STARTING A NONPROFIT

Starting a nonprofit organization is a great way to give back to your community. The biggest challenge for most nonprofits especially new ones. Is to develop and maintain income. 

Most experts say that most startups don't survive past the 5th year mark. Yea it's sad, but true because of Financial distress. 

        GET STARTED TODAY: 

• WRITE A BUSINESS PLAN
• DEVELOP YOUR BOARD
• INCORPORATE YOUR NONPROFIT
• FILE FOR 501(C)(3) TAX EXEMPT STATUS
• REGISTER IN YOUR STATE IF YOU PLAN ON SOLICITING CONTRIBUTIONS IN OTHER STATES, YOU MAY NEED TO REGISTER IN THOSE STATES. 
• TRACK YOUR FINANCES BECAUSE YOU WILL HAVE TO FILE FORM 990.

IF YOUR LOOKING TO GET GRANTS. IT USUALLY TAKES YOUR ORGANIZATION BEING ESTABLISHED FOR 3 YEARS. 

2 PLACES YOU CAN LOOK INTO GETTING GRANTS FROM:

• THE FOUNDATION CENTER- www.thefounationcenter.org
• www.grants.gov 

Stay away from activities that may jeopardize your nonprofit. 

• Political Campaign activity 
• Lobbying
• Unrelated business income
• Annual reporting obligation- churches do not have to file. all others nonprofits file 990
• Operate with the state exempt purpose

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