Making a Non Profit Charity | Article Tavern

Many get puzzled when it comes to what a non profit organisation is. A non profit is also called a not for profit or also a charity. Rather than being in business to make a profit this organization?s key focus is on charitable causes. Because the non profit organisation doesn?t turn a profit it gets its funding from donations. Donations can come from a number of ways including but not restricted to grants, companies or gifts from people. These donations must be used to further the nonprofit?s mission or given to other non profit organisations.

Charitable purposes for a non profit organisation, as outlined by the IRS can be religious, academic, technical, literary, testing for public protection, cultivating countrywide or international amateur sports levels of competition, and stopping violence to youngsters or animals.

The focus of a charity is very different from its counterpart the for profit business. Many misunderstand that a non profit can have ample funding. It also conducts business much the same as a for profit business like being able to pay wages and expenses. The main difference is its funding comes from donations and it carries a charitable purpose rather than a purpose that?s solely for monetary gain.

Many when starting to start a non profit organisation stop short of completing it because of the difficulty they get in its creation. Although many encounter problems in making a charitable organization it is generally because of lack of info. The creation process isn?t as difficult as determining the steps needed to create the non profit. By following the steps below forming a non-profit is easy.

Non Profit Organisation Creation Steps

1. File non profit articles of incorporation with the state business is to be done in

2. Obtain an Employee Identification Number

3. To rule the non profit, draft bylaws for the board to ratify

4. Open a banking account for the non profit

5. Create a Board of Directors

6. Fill out and file the IRS 1023 Form with the IRS

Details on these steps can be discovered at the links below.

Once the above steps are finished the formation of the non profit organisation is complete. The sole step above that might be smart to consult expert advice on is the IRS Form 1023. It is important this form is finished properly, and extra time should be given to it. Once finished, the IRS Form 1023 needs to be filed with the IRS.

To keep the action of finishing the info to start a non profit organisation less complicated, have the following information formulated first.

Non Profit Organisation Information:

1. Organisation?s Name

2. Organisation?s Address

3. Organisation?s Phone Number

4. Organisation ? s Fax Number

5. Organisation?s E-mail

6. The Purpose Statement

7. A Concise and Clear Mission Statement

8. A Resume for Each Board Member

9. 3-5 Year Budget

10. Detailed Fund raising Plan

11. Detailed Outline of the Organizational Structure

12. Formation and Outline of the Programs and Activities of the Non Profit

Taking time thinking though the above info before making an attempt to create the key charter documents will keep information consistent. Once the above documents are created and filed suitably the non profit will be a legal entity. A faster, less complicated and cheaper technique of forming a non profit can be achieved thru fiscal sponsorship. Fiscal sponsorship permits an organisation who would like to do non profit activities to do so in the organisational structure of an existing non profit. More information on fiscal sponsorship can be found at the link below.

Learn more about how to start a non profit organisation and make it successful. Click Here ?->> http://www.SimpleNonprofit.com Scott Michael Ringo, an entrepreneur, is known worldwide as the nonprofit Guru and expert fundraiser because he helps others easily start and fund non profit companies all over the world. Through his work with non-profits worldwide, he helps others start and run successful non profits. Scott is a legacy builder and will help you build your nonprofit heritage.

Source: http://articletavern.com/business/making-a-non-profit-charity

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