Starting a nonprofit takes a lot of time, energy and dedication. However, it is not impossible. The Rayvan Group has experience helping nonprofit organizations (and new foundations) get started. Since we have received a few HOW TO questions recently, we thought we would outline the major steps.
1. Understand what a nonprofit is. Do your research/homework
2. Create your mission statement
3. Form your Board of Directors
4. File Articles of Incorporation
5. Draft bylaws
6. Develop a budget
7. Develop a record-keeping system
8. Develop an accounting system
9. File for 501(c)(3) status
10. Apply for a federal employer identification number (FEIN)
11. File for state and local tax exemption
12. Fulfill charitable solicitation law requirements
13. Apply for a nonprofit mailing permit
Seems like a lot to do...it is. The Rayvan Group is here to help you through every step!
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