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Lobby Okay Activist Archives topic #30112

Subject: "has anyone started their own non for profit?" This topic is locked.
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GirlChild
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55984 posts
Fri Apr-22-05 05:37 PM

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"has anyone started their own non for profit?"


  

          

can you give some advice?
how long did it take?
where did you estb it?
do you already have ur board set up?

what are the most challenging parts of starting one?

  

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Topic Outline
Subject Author Message Date ID
RE: has anyone started their own non for profit?
Apr 23rd 2005
1
What is the purpose of the organization??
Apr 23rd 2005
4
      RE: What is the purpose of the organization??
Apr 23rd 2005
11
      Funding
Apr 24th 2005
16
           You covered everything
Apr 24th 2005
19
start with the...
Apr 23rd 2005
2
thanks for bringing this up...
Apr 23rd 2005
3
I wanted, but it will come later
Apr 23rd 2005
5
thanks n/m
Apr 23rd 2005
6
why is the 501 status the hardest?
Apr 23rd 2005
7
RE: why is the 501 status the hardest?
Apr 23rd 2005
8
hm...
Apr 23rd 2005
9
      activism that pays
Apr 23rd 2005
12
           yes
Apr 23rd 2005
13
           the non-profit corporation was established to provide tax loopholes...
Apr 23rd 2005
14
                Yes
Apr 24th 2005
17
its not too much work if you have the time...
Apr 23rd 2005
10
Pro-Bono is the ticket
Apr 24th 2005
15
      RE: Pro-Bono is the ticket
Apr 24th 2005
18

Nettrice
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Sat Apr-23-05 09:02 AM

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1. "RE: has anyone started their own non for profit?"
In response to Reply # 0


  

          

>how long did it take?

Still working on it. The big decision is whether or not it should be for profit or nonprofit. Economics (funding streams) has a lot to do with it. One of the major challenges for nonprofits is finding funding. After we incorporated, the funding situation was hot for a quick minute (year or so) and then it wasn't. You have to plan for that.

>where did you estb it?

MA even though the board members were from all over the country.

>what are the most challenging parts of starting one?

Engaging a board that is not local, sees each other a couple of times (or less) per year. I didn't submit the completed 501(c)3, yet, because I am trying to decide whether or not to be nonprofit.

<--- Blame this lady for Nutty.

  

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SONJEVITY
Member since Nov 07th 2003
4478 posts
Sat Apr-23-05 12:35 PM

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4. "What is the purpose of the organization??"
In response to Reply # 1


  

          

Can you speak more about the funding aspect as well.

Thanks

---------------------------------------
"We're not weeell...and we cain't teeell" (c) Badu

http://www.myspace.com/sonjevitysgroove

  

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Nettrice
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Sat Apr-23-05 06:37 PM

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11. "RE: What is the purpose of the organization??"
In response to Reply # 4


  

          

"Exploring literacy, community building and youth development through the use of the arts and computer technology." - from http://dayprogram.net/

Actually, the organization's mission is larger, linking new media, art & communities.

<--- Blame this lady for Nutty.

  

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Nettrice
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Sun Apr-24-05 10:28 AM

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16. "Funding"
In response to Reply # 4
Sun Apr-24-05 10:33 AM by Nettrice

  

          

Fundraising is a fact of life for nonprofits who seldom see income from their member-base, esp. grassroots. Recently, I've been at two really successful annual benefits for nonprofits in New York City and Boston. One was about literacy and the other serves food to the down and out through restaurant contributions. Here are a few ways nonprofits can generate $$$:

Annual benefits/events
Membership dues
Conferences
Individual giving
Auctions
Grants

Annual benefits are “watershed” events that provide the dollars critical to the org's mission. These events are usually much more than fundraising. It is a celebration the org's efforts to serve it's constituents. They give your supporters the opportunity to get together.

Membership dues are common but the trick is how much to charge members. Usually this is done on a sliding scale.

Conferences can sometimes generate dollars but it depends on whether or not you can get space and other resources in-kind.

Individual giving is becoming more common. Usually drives occur right before major holidays or tax time when people can get a tax write off for their contributions. Sometimes orgs ask for funds in connection with an event such as a walk-a-thon.

Auctions are good. Last month, I saw a nonprofit raise close to two thirds their annual budget in one night. The silent auction was tied into the annual benefit.

I put grants last because although they can bring in more money at one time they are usually marked for a specifc program or project. Seldom can orgs use grants for general operating expenses...unless it's in connection with a specific program or project. Some nonprofits get into trouble when they put too much focus on getting grants and not diversifying their funding sources. They have loads of grants for projects and none for general operating. The other challenge is not chasing after money for a specific purpose that does not align with the org's purpose. Orgs should stay focused on their missions.

Finally, it's good to have a funding strategy or plan that is tied into development, marketing, outreach, etc. Orgs should build a donor base/database and timeline for moving forward with a plan.

<--- Blame this lady for Nutty.

  

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Francirevolutionara
Member since Oct 18th 2004
1038 posts
Sun Apr-24-05 12:08 PM

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19. "You covered everything"
In response to Reply # 16


  

          

The most frustrating and necessary part of the fundraising is to reach to people that can give more than $25. It's just the reality of the matter.

  

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blaXXX
Member since Dec 01st 2004
1649 posts
Sat Apr-23-05 09:23 AM

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2. "start with the..."
In response to Reply # 0


          

passion in your Heart...figure out a way to test your resolve regarding financing a project with little or nothing----------in case you find that not very many folk will seek to support/invest in, your cause. If you think you can weather that veracious 'solo flight' then-----you're good and ready!

Its non-profit, so, you make it whatever YOU WANT IT to be...as long as its clear concise and allows for those who esteem it, to easily see how resources are being utilized.

good luck with it

____ _____ _____

*--> www.soundclick.com/blaXXX <--*

*~* Go ahead! EXPERIENCE the latest non-Profit joint!*~*

____ _____ _____

blaXXX' breviaries: 2005---And we coulda saved more...if they ONLY KNEW they were Slaves
____

  

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SONJEVITY
Member since Nov 07th 2003
4478 posts
Sat Apr-23-05 12:34 PM

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3. "thanks for bringing this up..."
In response to Reply # 0


  

          

Ive been thinking of posting on this topic for awhile,
but I just never did.

---------------------------------------
"We're not weeell...and we cain't teeell" (c) Badu

http://www.myspace.com/sonjevitysgroove

  

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Francirevolutionara
Member since Oct 18th 2004
1038 posts
Sat Apr-23-05 02:03 PM

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5. "I wanted, but it will come later"
In response to Reply # 0


  

          

The hardest part is the whole legal aspect of it (setting it up and the 501 (c) (3) status).
If you don't have the money, you need to find attorneys that do pro-bono work

In regards to the board, which is part of the setting up process, You need to find people that share the same ideas with you, and are willing to put some work in it. Also the board memeber names bring credentials to your organization, which is extremely important in the fundraisisng part.

That's what I've heard from people who've done this.
Once you have it up, then it's just work

  

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SONJEVITY
Member since Nov 07th 2003
4478 posts
Sat Apr-23-05 02:48 PM

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6. "thanks n/m"
In response to Reply # 5


  

          

---------------------------------------
"We're not weeell...and we cain't teeell" (c) Badu

http://www.myspace.com/sonjevitysgroove

  

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GirlChild
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55984 posts
Sat Apr-23-05 04:23 PM

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7. "why is the 501 status the hardest?"
In response to Reply # 5


  

          

and why would i need a lawyer?
i have a book on how to start a nfp here in cali, but its dense reading and i havent gotten that far yet

  

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Francirevolutionara
Member since Oct 18th 2004
1038 posts
Sat Apr-23-05 04:43 PM

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8. "RE: why is the 501 status the hardest?"
In response to Reply # 7


  

          

The 501 under IRS code gives your non-profit sort of the non-profit status taxes wise. If you raise money for your office group and for the cause you want to serve, or for the services you provide, 501 (c) (3) gives you the tax exempt status.
I will get an attorney just beacause it's too much work to set it up, and it ain't easy to get the tax exempt status.
Also, it's not a bad idea to get an attorney , again pro bono, if you are small, because sometimes you might need advices in certain situations you might run into. At least, this is what I will do.

  

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GirlChild
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Sat Apr-23-05 04:53 PM

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9. "hm..."
In response to Reply # 8


  

          

see im wondering if i should get non for profit status or just be a profit company. the main reason i wanted to do nfp was for the grants.

my biggest dilema is, i want to be able to have a salary, but still be able to run my non for profit. like, can founders still pay themselves a salary to survive?

  

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Francirevolutionara
Member since Oct 18th 2004
1038 posts
Sat Apr-23-05 09:43 PM

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12. "activism that pays"
In response to Reply # 9


  

          

I guess is something a lot of us want.
Iwant to make a decent living and might as well do it from something that I really care.Founders of non profit are also executive directors who receive a salary from the fundraising efforts that they do
I don't think I have all of the answers, also I have to study a little more about the exact status of non profit.
Plus the non profit organizations range from small community groups to home care agencies and insurance companies

But props to you on your desire to do this

  

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GirlChild
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Sat Apr-23-05 09:55 PM

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13. "yes"
In response to Reply # 12


  

          

i want to model myself after two already established nfp
www.stelmovillage.org (i had a show here last year)
and www.redclayarts.org

  

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zewari
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Sat Apr-23-05 10:49 PM

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14. "the non-profit corporation was established to provide tax loopholes..."
In response to Reply # 12


  

          

... for economic elites. that's why every millionaire and millionaire+ has at least one

«SiG»
“Stand out firmly for Justice as witness before God, even against yourselves, against your kin and against your parents, against people who are rich or poor. Do not follow your inclinations or desires lest you deviate from Justice."
-Qur’an 4:135

  

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Francirevolutionara
Member since Oct 18th 2004
1038 posts
Sun Apr-24-05 11:34 AM

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17. "Yes"
In response to Reply # 14


  

          

I don't doubt that at all
That's the case with an insurance company in my state that brings millions in profit. It became a monopoly basically.

But also it's possible for small groups to do some work. Advocacy groups which are citizen and community oriented are also benefiting from the non profit status.
An idea or desire to help others it's not enough to make an impact. Fundraising to put a plan in practice is fundamental

  

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zewari
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Sat Apr-23-05 05:28 PM

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10. "its not too much work if you have the time..."
In response to Reply # 7


  

          

... to read thru their docs. probably the hardest thing is figuring out the technical jargon you should use for your article of incorporation.

i suggest you look @ the AoI's of other non-profits doing similar work and use it as a skeleton... they generally share generic content to a degree


«SiG»
“Stand out firmly for Justice as witness before God, even against yourselves, against your kin and against your parents, against people who are rich or poor. Do not follow your inclinations or desires lest you deviate from Justice."
-Qur’an 4:135

  

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Nettrice
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61747 posts
Sun Apr-24-05 10:12 AM

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15. "Pro-Bono is the ticket"
In response to Reply # 5
Sun Apr-24-05 10:13 AM by Nettrice

  

          

>If you don't have the money, you need to find attorneys that
>do pro-bono work

Yep. Thanks to Harvard Law School I got a good deal of legal advice pro-bono and they helped us with the 501(c)3, articles of incorporation, and creating a site agreement.

<--- Blame this lady for Nutty.

  

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Francirevolutionara
Member since Oct 18th 2004
1038 posts
Sun Apr-24-05 11:37 AM

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18. "RE: Pro-Bono is the ticket"
In response to Reply # 15


  

          

Yep, it is. Sometimes it requires a little bit of researching to find someone to help. And a lot of times it takes just asking and being persistent.

  

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