One sees it spelled every which way: 501 c 3, 501(c)3, 501c3, 501c(3), 501c, 501(c3). When it comes to type it in, the brain may freeze up. So here is what I suggest. Put it in auto correct so that when you type 501the rest comes up automatically. And how...Read More »
Choosing a name for a new nonprofit organization is one of the most important decisions your Board will make. Ideally, the name will indicate what the organization does, and it will be simple enough for people to remember.
There are several administrative steps that should be taken:
1. Google the name...Read More »
It is important for a nonprofit to have an effective mission statement. The mission statement in the application to the IRS for 501(c)(3) status should include a clear statement of over-all purpose and a list of the organization’s primary activities. In this way, the IRS will immediately see what the...Read More »
Forming a nonprofit is a more complex process than most people realize. One must obtain an Employer Identification Number, write a mission statement, Articles of Incorporation, Bylaws, Conflict of Interest policies, and budgets for three years. Many people try to do it on their own and gets discouraged. They then...Read More »