Step 1 : Foundations
STARTING A NONPROFIT ORGANIZATION
Incorporate your organization in your state
- Submit your Articles of Incorporation
- Instructions are at your state’s commerce commission
Apply for federal, nonprofit status (IRS Form 1023)
- Your Articles of Incorporation
- Your Bylaws
- Your budget
- Instructions at www.irs.gov
Starting a nonprofit organization also requires:
- Board members (3-6 is a good start)
- A strong mission statement
- A solid fundraising plan
- An expense budget for three years
- Skilled volunteers to help set up the organization
- Seed money (at least $5000)
- Lots of time and energy to solicit time and money from others.
To download a free resource, “Starting a Nonprofit Organization” booklet, go to The Market.
CONFLICT OF INTEREST
The Conflict of Interest Policy and Statement:
- ensures no one financially benefits from their position
- is signed by board members, employees and volunteers.
To download a free tool, click on this title: Conflict of Interest Policy and Statement
ARTICLES OF INCORPORATION
The Articles of Incorporation:
- are written according to your state’s requirements
- state clearly the purpose of your organization (the mission)
- are used to apply for non-stock corporate status in your state.
Your bylaws are the rules by which the board governs the organization.
They define the voting rights of the board members.
Your board must adhere to the bylaws of the organization.
For this free resource, click here: Resource List – Books and Websites for Nonprofit Board Members
To see a complete list of organization, board, and committee booklets, go to The Market.