Can Anyone Start a Non-Profit Organization?
The short answer to the titular question is yes, anyone can start a non-profit, at least in theory. In practice, starting a non-profit is an involved and complicated process that requires effort and commitment. Part of the process involves securing funds, which is easier if you have capital in the bank. However, even without money, […]
How Non-Profits Help Their Communities
Even though non-profits operate a lot like for-profits, many people typically view them as diametrically opposed. For-profits are the largest economic agents in an economy. In contrast, non-profits aren’t as significant and mainly improve their communities and help the disenfranchised. That view is incorrect because non-profits occupy a sizeable amount of the American economy. There […]
The Challenges of Setting Up a 501 C3 On Your Own Without Professional Help
Being passionate about a social cause means you have a heart of gold, and one of the best things you can do about that passion and spirit is to set up a non-profit organization. This will make sure you’re doing something for the betterment of the society you live in, while also giving people who […]
What Nonprofits Need To Know About The IRS Form 990
Nonprofit organizations are exempt from paying taxes; however, they still have to file form990with the IRS. This form ensures that nonprofits conduct business smoothly and consistently, focusing their entire revenue back into their main cause—legally. If you don’t know anything about 990 tax returns for nonprofit organizations, don’t worry, you’ve come to the right place! […]
The Importance of a Business Plan for an NGO
Meta: Does your NGO or NPO really need a business plan? This blog discusses how having one can contribute to an organization’s success.
Your Guide to Setting up An NGO
Also referred to as civil societies, NGOs are cooperative bodies that work independently to address an array of social and political issues. Dozens of new NGOs are launched in the United States each year, aiming to change the world and improve society. However, setting up an NGO isn’t just as simple as officially registering it. […]
A Nonprofit Board of Directors and Responsibilities
The board of directors is the governing body of an organization. Individuals on the board are referred to as the “directors” and are responsible for building and overlooking the organizational structure of the organization. But what exactly is a board of directors and what is the role of directors within a nonprofit? Let’s find out! […]
What Is Form 990 and Why Is It Important for Nonprofits to File a 990 Tax Return?
105(c)(3) organizations may be tax-exempt, but they need to file an information form with the IRS, known as Form 990. The form ensures that nonprofits continue to conduct their business in a way that is consistent with their beneficial or charitable goals. Officially, Form 990 is known as the Return of Organization Exempt From Income Tax […]
What is the Difference between Nonprofit on a State Level and the 501(c) (3) IRS Level?
Considering the tedious paperwork and legal terms and jargon, setting up a nonprofit organization can be quite confusing and daunting. Many people confuse nonprofits on a state level with nonprofits on the 501(c)(3) IRS level. It is must be noted that while many areas of these two types of organizations overlap, they are not entirely […]
Why Do People Want to Set Up Nonprofits?
Starting a nonprofit organization can be an incredibly rewarding experience. However, starting and running a nonprofit is a serious business. Therefore, before jumping into setting up a nonprofit, it is important to learn why people set up nonprofits. Familiarize yourself with the benefits of nonprofits to decide if this type of opportunity is right for […]
