FQA’s -Money and Your Non Profit

Most people think I want a Non Profit. Or if only I had grant  money- then I would be set. Unfortunately, that is not the
complete story and it does not work that easy!

You must be dedicated to start a Non Profit; there is work that has to be done BEFORE you start receiving grant money.


I am going to make the steps as simple as possible for you on how to start a Non Profit and then I will answer some questions that everyone wants to know the answer too.

1. Decide what your Non Profit will do? What service will you be providing? Is  your nonprofit needed?
2. Establish your Board of Directors.
3.  Reserve your name with the Secretary of State.
4.  File Articles of Incorporation- pay fees.
5.  Create By-Laws and submit to the State. Apply for an EIN.
6. Apply for 501C3 status with IRS (Form 123) pay fees.
7.  Apply for exception for State Corporate  income tax and franchise tax (if applicable).
8.  Workers Compensation Insurance- if you have four (4) or more Full time or part-time employees.
9.  File Unemployment Taxes if those same employees work a total of 20  weeks in a calendar year.
10.  Ready to get started!

Non Profits do the following:

1. Deliver a needed services
2. Educate the public on vital issues
3. Find solutions
4. Work within your culture
5. Engage people in the community
6. Provide a voice for the voiceless
7. Improve government policies
8. Providing faith-based activities

 FQA’s

 1.      How   soon will I be able to find and receive grant  money?
a.       Researching  for a grant is a FULL TIME job! It  is something you must do every day. 
b.     Once  you find a grant- you must apply and  IF you are award the grant money- it is allocated to do specific things. IT IS NOT YOURS TO SPEND FREELY! 

2.      How  much money will I receive from a grant to pay myself? 
a.       It  depends on the grant and if salary is allowed. When you apply for a grant it  will give you GREAT detail on how they want you to spend THEIR  MONEY.

3.      Can  someone guarantee me that I will be awarded a  grant?
a.       NO.  You are competing with other organizations. The best thing you can do is to
  follow their instructions and pay attention to every  detail.

4.      How  do I really get started? 
a.       Easy-  follow the steps I gave above. OR
b.     Google-  How to Start a Non Profit.   You can include the state you are living in to give you the guidelines for that
  state.

So I have given some very basic steps on how to get started and  what to do. 

 CALL  TODAY TO GET MORE OF YOUR QUESTIONS ANSWERED WITH A FREE 30 MINUTE CONSULTATION
 Let me help you through your process of  starting your non-profit.  Are  you thinking of starting a non-profit      with your family?  Group  sessions are available as well! 
 
Contact me today and get started on living your passion!