Non-Profit Business Plan
https://qtbizsolutions.leadpages.co/nonprofitbusinessplan/ Non-profit Business Plan
Hi, Tina Williams here from qtbizsolutions.com and chances are you found this video because you were looking for a non-profit business plan.
I want to ask you are you really asking you for the business plan or are you asking for how to open your non-profit and more importantly, I thing, how do you get funded in your nonprofit so that you can pay yourself, pay your employees and actually afford help the people that you really want to help.
Well to answer the question of where to start in your non-profit business plan I would say the first step is to file your nonprofit articles of incorporation with your state. You can use your state’s pre-formulated articles of incorporation for a domestic nonprofit but you must make sure that the three clauses that the IRS requires in your forming documentation to become tax exempt are present. So those are going to be the clauses about dissolving your company and make sure that the money goes to a good cause. Those three clauses need to be in your forming documentation in order for you to be tax exempt and being tax-exempt, I’m going to say, is the most important part of becoming a nonprofit organization also the most important step in your non-profit business plan.
The next step in your non-profit business plan is filing your form 1023 or 1023 EZ. This is the form that you need to file with the IRS in order to become tax-exempt. Form 1023 EZ is a shortened form of form 1023 but you still need to have all the documentation for 1023 to file Form 1023 EZ, so I say even if you want to file form 1023EZ you still need all of the supporting documentation and attachments that are required with form 1023. I would have you filled that out and prepare form 1023 anyway.
This will make things a lot easier in the future for grantmakers and banking. Once you are tax-exempt things get a lot easier because people can get a tax deduction for giving you money and making grants to you. Now the next step in your non-profit business plan is to find a grant funder that wants to help their target that you want to help.
There over five million grant makers and most have requirements to pay out at least 5% of their assets annually so this step should be an easy one. Then you would submit your grant and donation requests to those funders and get your business funded. The final step in your non-profit business plan is to get customers that you want to help. You will actually need to help the people that you promised to help when you made your grant and donation requests to those grant funders. And that’s it… you will repeat steps 3 and 4 forever.
If you found this video helpful please like the video leave a comment and if you would like some free training on how to open your nonprofit and get a non-profit business template you can go to qtbizsolutions.com/nonprofitbusinessplan and download that information for free.
The link will be below it is qtbizsolutions.com/nonprofitbusinessplan
and again please like this video and post a comment Thank you and you have a wonderful day!