• Non-Profit
  • How to Start a Non-Profit//08

    Filing for Tax Exemption Status Filing for tax exemption status will likely take the longest amount of time for the start up of any not-for-profit organization. Even once the application (Form 1023) has been submitted, there is still a chance that the IRS can deny your status and request that you resubmit the form. In […]

  • Non-Profit
  • Go Naked for Education

    Hashtag RFGoNaked Rodan + Fields is hosting a #RFGoNaked Day next Friday, July 25, 2014. This is particularly exciting because just by participating (which is totally FREE) Rodan + Fields will make a $1 donation to empower and educate students in need. Passions colliding! The goal is to raise $30,000 to build a school. Of […]

  • Non-Profit
  • How to Start a Non-Profit//07

    Opening a Bank Account and Establishing Check Signing Procedures Opening a bank account and establishing check signing procedures can be a very involved and risky venture. For my corporation, because it is so small, and most donations are gifts-in kind or money. I plan to be the only person handling money in my organization with a […]

  • Non-Profit
  • How to Start a Non-Profit//06

    How to obtain an EIN Number Once your corporation is established and you have bylaws, policies and procedures in place, the next step is to file an Employer Identification Number (EIN) for tax purposes, even if you plan on filing for tax exempt status. Any 501(c) (3) nonprofit organization is able to deduct their contributions […]

  • Non-Profit
  • How to Start a Non-Profit // 05

    Writing Bylaws & Board Policies Writing bylaws for a not-for-profit takes a great deal of research and patience. “Many small organizations don’t have bylaws, but that’s a mistake” (Sollenberger, 2008, p. 26). While it is definitely in the corporation’s best interest to work with an attorney, it is not necessary to have the attorney draft […]

  • Non-Profit
  • How to Start a Non-Profit // 04

    Developing the Mission Statement Developing a vision and mission statement is crucial for the success of any not-for-profit. The community needs to understand what service the organization is providing or what niche the organization is filling. Some characteristics of a good vision are statements that are: Brief Verifiable Focused Understandable to the community at large […]

  • Non-Profit
  • How to Start a Non-Profit // 03

    The Board of Directors “The Board of Directors plays a pertinent role in determining a company’s social performance” (Bai, 2013, p. 174). In this article, a study was conducted that concludes evidence that board characteristics such as board independence, diversity, number of women on the board, stock ownership (if applicable) and whether or not board […]