According to the IRS, you need a mission statement. This is not an exaggeration! In fact, it’s required by federal law for all 501(c)(3) organizations to have. Mission statements are often used as a way to summarize your nonprofit's goals
How to start a nonprofit organization There are many reasons why you might want to start your own 501(c)(3) [or even 509(a)(1)] and help those in need. Here are three of them. If any of these apply to you then
What is a 501c3? Let's dive in and start with some answers: What is a 501c3? A 501(c)(3) tax-exempt organization is any nonprofit corporation organized by one or more individuals (and not private foundations). Which nonprofit corporations qualify? All nonprofits
Owning a small business is something to be proud of-overcoming the obstacles that come with setting up a venture is no easy feat. Getting funding, opening an offline or online store, and making advertisements can all be satisfying. However, making
Most agencies, non-profit organizations, foundations, and schools rely on grants from government agencies, wealthy donors, community foundations, and other organizations to financially fund their programs. Non-profit organizations depend heavily on grants to fund their charitable work, while academic researchers seek
Whether you're finally embarking on the goodwill mission or you're creating a sustainable legacy, starting a non-profit entity offers a lot of benefits. As appealing as the tax exempt status of a 501c3 is, navigating the filing process can be
Let's go through why you can make more of a difference as a nonprofit or foundation. There are times in your life when you feel the urge to give back to the world in some way. We, lucky in many
Tax Exemption Status There are several reasons you may want to start a nonprofit organization or foundation. A legacy, tax purposes, community give back, and even publicity. No matter the reason the requirements to apply are all the same. Consider
Ask someone to give you directions and you get several ways to be communicated differently depending on the speaker’s priority preference. Some point out landmarks along the way, some say look for particular restaurants, while others just say go that
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