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Does Anyone Here Know The Best Way To Start Up A Nonprofit Organization?

Does anyone know what is required, or what is needed to start a nonprofit organization?

  • It will be based out of Louisiana.

  • Answer:

    Let me congratulate you for your project and i wish you all success !. Nonprofit incorporation is very similar to creating a regular corporation except that a nonprofit must take the extra steps of applying for tax-exempt status with the state in which it incorporates and with the IRS. The following steps should be taken :- Select a name that is legally available in your state. File your "articles of incorporation," and pay a filing fee. Apply for federal and state tax exemptions. Create bylaws that will dictate how the corporation is run. Appoint an initial board of directors. Hold the first meeting of the board of directors Apply for any licenses or permits that your corporation will need to operate in your state and local municipality. In order to qualify for tax-exempt (501c3) status , you should create a concept paper and document your ideas with the structure for the organization you propose and you must share your concept with like minded persons and involve them as initial founders. Next step would be to contact an attorney to assist you in preparing incorporation filings in your state. After your organization in incorporated, obtain an employer ID number, and apply for 501c3 tax-exempt status with the IRS. Your funding requirements will depend on various factors , for which you have to prepare a plan which will be of use to you in approaching potential funding sources .

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Before you file any paperwork, you need to get a very impassioned group of people together who support your idea and will provide some start up funding and serve on the board of directors, you need to get letters of endorsement from existing organizations saying this program is needed, you need to have data that shows your target group is in need whatever service it is that you want to provide and that they are not served otherwise, you need to have profiles of your staff showing they have experience and expertise, and you need to have a draft of what your first year's budget would look like (what expenses you expect to incur, what you expect to pay staff, etc.) Starting a Nonprofit Organization http://www.managementhelp.org/strt_org/strt_np/strt_np.htm (one of my favorite resources) Starting a Non-Profit Checklist- The Things You Must Do to Start a Nonprofit Organization http://www.ctnonprofits.org/pages/NonProfitResources/StartNonProfit.asp Starting a Nonprofit Organization - How to Start a Nonprofit http://nonprofit.about.com/od/nonprofitbasics/ht/startingsteps.htm How to Start a 501c3 Nonprofit Organization http://www.wikihow.com/Start-a-501c3-Nonprofit-Organization IRS Tax Information for Charitable Organizations http://www.irs.gov/charities/charitable/index.html

Jayne says READ MORE BOOKS

http://www.cpcwnc.org/Toolbox/form501c3.html Here's a start. The filing fee for the 501 form was up to 700.00 here in MI....You need to form a board of directors...get people who know how to raise money, who have connections to volunteers, etc. You need to find someone that can write grants, etc. The first year you need to find people who will work for nothing. It's alot of work to form one. Good luck! (when you hold your board meetings keep it very formal, take notes, vote, etc....it's the only way you will get anything done..hold people accountable)

bluegoat114

Unfortunately my friend, you will need capital, time, and workforce.... Good luck with your organisation

Peace

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