How Do You Start a 501(c)(3) Nonprofit?

Just like with any BUSINESS, there’s a lot that goes into starting a NONPROFIT…research, planning, fundraising, etc. There are also legal, accounting, and technical hurdles that must be cleared. In this video, we take a look at all that’s involved with starting a 501(c)(3) nonprofit.

📚 ADDITIONAL RESOURCES

🏆 YOUR NEXT STEP:

0:00 Introduction
0:56 10 Things You Need to Know Before Starting a Nonprofit
1:26 Know Your “What” and your “Why”
2:05 The “How” and the “Who” of the “What” and the “Why”
2:56 Step 1a: Establish the Entity at the State Level
3:38 Step 1b: Secure an Employer ID Number (EIN) from the IRS
3:49 Step 2: Choose Your Board of Directors
4:38 Step 3: Draft Your Bylaws
5:04 Step 4: Apply for 501(c)(3) Status with the IRS using Form 1023 or Form 1023-EZ
6:25 Step 5: Receive your Letter of Determination
6:45 Get Professional Help when Starting a 501(c)(3) Nonprofit
7:50 Conclusion

[richardk]

Excellent video--thanks for putting this together for those of us who need to know what we're up against.

[jamilahsimmons]

Great video! Clear, concise and to the point. I’ll definitely be checking out your webinar and your other YT vids. New subbie for sure.

[waynecmontgomery]

Great video !!! Would you recommend that start-up organizations provide a board questionnaire to potential board members and should my startup have an initial board of advisors or board of directors? Also, do you recommend a board-nominating committee to elect the first round of directors? In my bylaws should I state term limits and expirations compliant with state law for my board of directors?

[tahneebauer]

Trying to get a question answered. Does the IRS require a 501c3 to have a Rented Space or can we use a Club Member's home address or Club Member's business address that offers it to the Club for Free?
Also, is there a requirement that there be Business Hours where a Person must be at the Office a certain number of hours a week?

[DogEcology]

I’m starting my nonprofit, I haven’t gotten any donations yet, if I apply with the form 1023 by being a public charity, IS IT A HIGH CHANCE FOR THIS APPLICATION REQUEST FOR THE 501c3 determination BEING DENIED?? Or is it easy to be recognized and approved?