Non-Profit Founding

Creating a non-profit organization is the first step towards building an organization that can accept tax-deductable donations.

Starting Points

http://www.irs.gov/charities/article/0,,id=96109,00.html

Legal Constraints On Non-Profits

Before registering a non-profit, first make sure you understand and can abide by the restrictions it entails.

Hybrid For-Profit and Non-Profit Partnerships

It is possible to form both a company and a charity that function as part of a team effort to achieve both commercial and charitable success.

Register your non-profit as a beneficiar in Facebook Causes

There are many Causes groups on Facebook that could direct donations to you if you register with Causes.

Non-Profit Founding Examples

The Empowerment

We are learning how to do this right now and we'll provide documentation for how we did it.

Legal Obligations of a 501c3

A 501c3 is required by law to hold an annual board meeting with a secretary taking minutes without which they jeapordize their status and endanger the tax exemption for their donors bringing personal liability down upon the heads of the board.

Bylaws

Decision making processes.  Vote taking procedures.

IRS mission statement scrutiny process

Mission statement must cover your educational activities.

Goal is to make it as broad as possible but still get approval.

You can't just say educating the world.

It's important to file your taxes every year.

Figure out an exit strategy.

You're not allowed to keep your money without spending it on activities.

You can give money to 501c3s by donating capital gains profits for them for which they don't pay taxes.