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3 years, 3 months ago

What is the easiest way to start and run a nonprofit?

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drmatt | 3 years, 3 months ago
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Starting a non-profit is somewhat trivial. Find a specialist who knows what paperwork needs to be filled out and how to do it.

There are a number of issues that you need to resolve - What is the purpose of the non-profit, how does it serve the community, who are the officers of the company, etc. I found a paralegal who specialized in this information and it was worth every penny...

Oh... it's really expensive to start up a non-profit. I spent around $3000 just for the paperwork and fees.

How do you RUN a non-profit... just like a normal corporation... only you live in a fishbowl.

By the way, my biggest advice: Do NOT mix profit with non-profit. If you're selling items, make sure it's DIRECTLY related to the business and you give away quite a few. If the government even THINKS you are behaving like a profit-based business, they come down on you like the hand of god...

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gman762x | 3 years, 3 months ago Report

Ditto, drmatt, on the CDP programs. They operate out of an alias of National Heritage Foundation, the perennial IRS target and recent Chapter 11 bankruptcy. Oceangrand gets paid a kickback for referrals to NHF.

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drmatt | 3 years, 3 months ago Report

Just follow the money...

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drmatt | 3 years, 3 months ago Report

And... in doing more research... If you look at Ocean Grand's website, it says:

The cost to set up a 501c3 organization through the IRS is $1150 for all the following plus filing fees:

* Articles of Incorporation (nonprofit)
* Bylaws
* Federal Employer Identification number
* Predrawn minutes
* IRS 1023 nonprofit application

The $285 is for the CDP program. This is a 501c3 PROJECT, not corporation. I have no knowledge of that methodology.

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nonprofithelp | 3 years, 3 months ago Report

At Ocean Grand http://www.oceangrand.org they start them for $285 complete.

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nonprofithelp | 3 years, 3 months ago Report

@drmatt just because you are unfamiliar with the easiest way to set up and run a nonprofit does not mean it doesn't work. We have over 10,000 nonprofits around the world. They are doing just fine and did not have to spend a ton of cash to get set up

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drmatt | 3 years, 3 months ago Report

If your spam/self-promotion doesn't work and the facts are identified, don't get angry at me. I'm just the messenger.

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drmatt | 3 years, 3 months ago Report

Yeah... I find $285 to be suspect, but I could be wrong. Just make sure you find someone with knowledge and experience. Do your research...

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coach-b | 3 years, 3 months ago
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It is simple to start a not-for-profit corporation. First, contact a qualified corporate attorney. Most attorneys in large firms can set up a non-profit for you without spending an enormous amount of money. Be sure to obtain a budget from the attorney and get it in writing. The attorney should also prepare an application to the IRS to qualify your organization under tax code section 501(c). Take a look at that if you want to see the various kinds of non-profits that qualify for tax-free status. The most common is known as a Section 501(c) (3) organization as this is one that is involved in charitable activities. Be careful to set this up properly as a separate corporation because if you do not, then you are exposed to potential liability yourself for all activities of the non-profit. In addition, having corporate status will allow you raise money from potential donors. Lastly, tax-free status allows potential donors to give you money and receive a federal tax deduction. This is one of the most important elements of our otherwise-impossibly-complicated tax code, and it will be protected by the Obama administration for sure. It sounds like this process is complicated, but really it is not. Happy to answer anything else if you send me a private question. Best of luck.

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