Since I got my Master's in Non Profit Management (MNM) I am getting requests from friends and family members who want help on starting a non profit. So I decided to write this blog to give some tips on how to start one.
The IRS has a lot of information on this especially starting with this video: Starting Out
But if you don't have a lot of spare time here are some quick tips to get you started.
First, create a non-profit organization under state law for the state you live in. Do some research and find out the necessary requirements your state suggest.
Second, acquire an Employer Identification Number by clicking here.
Third, you need to prepare your organizing documents. This for most organizations will be your Articles for Incorporation. Here is a sample form to use as a guide.
The next step is Applying for Exemption 501(c)(3) with the IRS by completing Form 1023.
After you receive your exemption certificate from the IRS you need to be sure to comply with the necessary filing requirements. These requirements are the annual exempt organization returns (return info), unrelated business tax returns, and other returns and reports that an organization may have to file. In addition to the required filings, a charity may have other ongoing compliance obligations.
Significant Events include but are not limited to audits by the IRS, private letter rulings, and termination proceedings.
I hope I have provided you with some quick tips to starting a non-profit organization. Be sure to visit this website in order to Stay Exempt.
MNM, B*B*J*B
MNM, B*B*J*B
