How to Start a Nonprofit Organization in 2023 (Step-by-step)

How to start a nonprofit organization in 2023 - otherwise known as a 501(c)(3) organization. So a nonprofit organization is a business entity in which your goal is not to be profitable but to make money to expand on a social clause.

But we can’t ignore that it has some incredible tax benefits for its members and managers. For example, 501(c)(3) organizations are completely tax-exempt which allows them to use more money towards their desired social causes.

So you win in both ways, you save on taxes and you support your favorite social cause. So in this video, I’m going to show you exactly how to start a nonprofit organization in 2021… step-by-step.

Video Outline on How to Start a Nonprofit:
What is a nonprofit? (0:00)
Benefits of a nonprofit organization (1:50)
Step #1 - 6 BIG questions (4:15)
Step #2 - Choosing a Name (7:13)
Step #3 - Get Incorporated (8:59)
Step #4 - Federal Tax-Exempt Status (12:27)
Step #5 - State Fillings, Compliance, and Reporting (15:16)
BONUS Tip (17:55)

More Popular Videos:

Hey, I’m Sean with LYFE Accounting. The accounting company that helps people save on taxes and build more wealth. If you enjoyed the video please help me out by giving this a like and subscribe to our channel for more videos.

///
Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[trulythrivinglives]

Y’alls videos are so thorough! So much good information!!! Listening you all’s expertise makes me realize how much there is to know about this stuff… hopefully 🤞🏾someday, with y’all’s tutorial help, and God’s provision, I’ll have the budget to hire y’all to do all this business/finance heavy lifting for me 😅

[LYFEAccounting]

What is a nonprofit? (0:00)
Benefits of a nonprofit organization (1:50)
Step #1 - 6 BIG questions (4:15)
Step #2 - Choosing a Name (7:13)
Step #3 - Get Incorporated (8:59)
Step #4 - Federal Tax-Exempt Status (12:27)
Step #5 - State Fillings, Compliance, and Reporting (15:16)
BONUS Tip (17:55)

[cortezoliver]

Very professional, organized, and detailed.... Thx!!

[monchok]

Hey Sean, you won’t believe how grateful I am having viewed your clip. I’m here contemplating a youth program and just wanted to gather ideas and I bumped into this. I intend to start a non profit with the sole aim of creating a bright future for youth (in Liberia) through education and sports. This clip has been and it is, very enlightening. Thank you so much! Stay blessed!

[coleirving]

Bro thanks for the tips it really helped me to understand and the biggest thing is that I'm incarcerated looking for ways to be productive and to give back to my community as well as becoming an entrepreneur while incarcerated so again thanks bro

[antwandavis]

I'm not the type to comment usually but I must thank you for being simple direct and transparent

[brittmedbm]

Completely off-topic but When the commercial says “ you wouldn’t want to skip this one” it makes me wanna click it faster🤧😭🤣🤣

[tiffanieturner]

This was very thorough and practical. My tax accountant sent me this video, and it has been so helpful as I prepare to start my nonprofit. I have subscribed to the channel, and this will definitely be my go-to station. Thank you for making things much easier to understand.

[eivmvge]

I think you’ve done an excellent job at educating me and everything you said was very helpful. I have an attorney who is taking care of all my filings, but where I’m hurting as I don’t have an accountant and that’s some thing I need but I literally have no money at all I’m on the edge of bankruptcy, but my lawyer is also filing a lawsuit against the people that forced me into this financial position. He is pretty sure that we will win and that he can get this done quickly. I hope that he’s correct.

[ChandlerMelton]

This video was SO helpful thank you so much!

[queenluv]

Thank you so very much for your kindness and support!
GOD is watching over you, may you continue to be blessed!

[johnnyrabenold]

I can't believe how good this video is.

[angeldavis]

This your breakdown of this information was so good and easy to understand that I have tears in my eyes! I am so excited to get my non profit started!

[johnwilliams]

Thanks for the break down! The process definitely sounds challenging but, it is easy to comprehend which is motivating!! Definitely helpful! Thanks for the push!!

[KrystalACPA]

This video was so insightful! Makes me want to start a nonprofit!

[shenandoahbryson]

This was excellent. Very informative and thorough! Great job, great content and organization. You’re very knowledgeable about the information and it shows. Thanks again 💪🏽

[rhrcblake]

This has been so helpful. I have been considering a non-profit for years. But I must say the ending of your video was truly a hit. Ask yourself before you consider meaning make sure you are ready to comply to all of the standards and requirements before realizing that you did not need it at all. Thanks again for putting this out there for folks like me, that did not know what and how to begin.

[OGseoulite]

This makes me feel like you guys saw my comments!!! Thank you soooo much!!! Thank you thank you thank you!!!

[Davewithfairoffer]

Great info Sean, I’m passed stop Two having incorporated the non profit . My next step is step three applying for tax exempt status the federal and state.

[Jacquesmyers]

The only feedback I would like to provide is mentioning filing fees and cost in each step of the process.
$25 for name reservation in GA
$275 for 1023-EZ
$600 for 1023
$105 for raffle licensing GA