Caution... The FEIN process that he briefly demonstrates doesn't select the appropriate items for a nonprofit entity. He indicates "sole proprietorship" which does correlate with what he said at the beginning of the video ("you are the owner") but which is not an accurate reflection of nonprofit entities, which are not owned by anyone, by definition. The correct selection is "View Additional Types, Including Tax-Exempt and Governmental Organizations. . . "... etc. {from an attorney specializing in tax exempt entities}
OMG YOU ARE A LIFESAVER! I've been struggling trying to figure out the legal aspects of starting my nonprofit organization and I just want to speak for every viewer when I say THANK YOU! This video was so insightful.
This is fantastic. I have been going back and forth on whether or not to go through the process of registering as a non-profit but this video has truly helped motivate me. Thanks man. This is great!
From IRS website. Some non profits are not required to file 1023 The following types of organizations are not required to file Form 1023 for recognition of exemption under Internal Revenue Code section 501(c)(3): Churches, including synagogues, temples and mosques. Integrated auxiliaries of churches and conventions or associations of churches. Any organization (other than a private foundation) that has gross receipts in each taxable year of normally not more than $5,000.
This is super helpful, I wanna protect my nonprofit from legal issues and had no idea where to start on regards of a 5013c. Now I just have to pull funds together to get everything up and running to start, im feeling very optimistic now
You are a real gem! This helps so many people in helping themselves to get started. I love when people educate themselves;it adds value to their journey in their own business! 💙
Board directors can be paid for services rendered as long as those services are outside the scope of governance and oversight and don't contain conflicts of interest. It is common in the early stages of a non-profit for directors to wear many hats including those of the employed roles of the non-profit. In such a case the director performing the role would be voted to do that role by the other directors excluding his/herself as a voter. compensation for the service to be voted on the same way. example: the founding director, typically the executive director is voted to be the delivery driver for the non-profit and would include an industry delivery driver equivalent compensation of let's say $17/hr. This is totally acceptable. Of course solid record keeping and a lack of conflict of interest is highly recommended. The director to be voted for cannot be a voter on the matter nor can he/she vote on compensation. Also best to document why the decision was made. This is a basic example, do your own research.
Thank you so much! A great a simple video for overwhelming idea (non-profit), BOD, ideas etc.... I have been looking into Fiverr and other business etc.
Not only was this incredibly detailed and useful, but it was explained with such clarity and enthusiasm that I feel even more invigorated to launch my nonprofit. I will definitely continue using Wild Apricot as both a resource and I will likely consider them for future services.
"You may not distribute any of the income you make from the non-profit." What is the difference between distributing any income and paying exorbitant salaries?
Heyyyyy!...This is an Awesome Video and much appreciated!...I love the Presenter's cool and Non-chalant vibe about it all!...Lol!...His energy really helped me take a Chill pill and enjoy learning about the whole process instead of being stressed out about it!...Thanks!...and Subcribed!...Hope that you will make more video's concerning this topic cause YOU ARE THE BEST!... :)
Don't forget about a Domain name (Website) and Trademark (USPTO) for your Nonprotif before you get too excited about a name. You need to make sure its not already taken by someone else.
so it seems to me that there is a LOT of jumping the gun. This is supposed to be about SETTING UP a nonprofit from the beginning, and yet you're stating that any donations or other gifts should be listed. How can there be any gifts or donations when the Articles of Incorporation haven't yet been filed, and the corporation isn't yet a FUNCTIONING 501(c)3 ?
Yeah thats my problem, i want to start a nonprofit for assistance caring for pets like food banks and stuff but i definately dont have a couple hundred to drop on it. I think i may try a gofundme for the startup and see if i can do that. If youre still looking to start up maybe try a gofundme account if you havent already
Very good presentation however I have a few small questions that I feel like you have quick easy answers to. 1. Am I limited to a nonprofit only in the United States because I'm wanting to be based out of the United States but help needy people through gospel missions in Southeast Asia and most specifically the Philippines. 2. How long from beginning to end does it typically take to set up all the paperwork to get the green light to start? 3. How much money from start to finish will it cost to go through the process? 4. Eventually once I get a track record I will be most likely receiving from churches, friends and family members however in the beginning I will self fund my own personal monetary donations So is that okay with a 501 c3 and obviously I would think I would be able to use my own donations as a personal tax write-off correct? Btw, I'm now helping people in the Philippines with my own money however since I don't have a nonprofit or going through a non-profit organization it's just money that I'm sending that I cannot use later as my own personal tax write-off. Thank you very much for considering and answering these questions because so far I haven't been able to find these answers on the internet but you're very knowledgeable about the subject so I'm hoping you can give me some feedback. Thank you very much again
Thank you for making this video. It would have spent a long time reading to fine out all this info, and I would probably missed a lot of it b/c it's kind of "dry".. SO I think you again and wish you well!
You should promote 508(c)(1)(a) also (Faith based Organization). 501(c)3 still has to follow mandates etc. It is completely tax exempt and has 100% freedom of speech etc...
Great Video!!!!! Very Helpful!!!! Thank you! I just verified my non profit name with my state and someone already has it. When i do find a name that is open, if my organizaotion grows to the point where I can operate nationwide, do I need to verify someone in another state isn't also operating with the same name?
You most definitely do not need a board to file for non-for profit. You don’t need them to use the standard buy was available. All of this can be done after incorporation of course. Not good advice.
@Axis Of Energy Hi. Do you mean I can file for a non-profit without the need of having Board of Directors? Did not quite understand your comment. *God* bless.
Terry Your videos are amazing. I am trying to start a nonprofit and this was so very helpful. I look forward to checking out more of your content. I appreciate you.
If you have a family non profit i understand majority must be unrelated to have a quorum. I believe that the President ,family member, not mínate her husband as treasurer. He was voted by majority unrelated members. However i feel it’s a conflict of interests and objected. Can you help? FYI we don’t have a conflict of interest document or in the bylaws.
Maybe a silly question. Is There a worldwide alternative or should I look to get it online cause I am not an US citicen, I don't even have a visa but I have an NGO and to apply for funds many ask for this 501c3. Thanks for any answer for this silly question. 🤗
Is it possible to have an LLC and nonprofit status at the same time? My preference is the nonprofit however I file an LLC how easy is it to correct if I did it wrong?
It is possible to have both an LLC and a non-profit status, but the two are separate legal entities. An LLC is a business structure that offers limited liability protection to its owners, while a non-profit organization is a tax-exempt entity that exists for charitable, educational, or other public purposes. It's best to consult with a legal and/or tax professional to determine the most appropriate structure for your organization. Is there a specific reason why you want to have both an LLC and a non-profit status?
Is it necessary to hire people, including board of director? I know they don't cost money but I can figure out ways to do this on my own or 1, 2 others to just give.
@@truecorbinfan Why haven't you moved forward yet? You are missing out on grant opportunities, great fundraising opportunities and also doing great work for your community. Do you have any additional questions?
Is it possible to start a non profit with my family members as my board? It was an idea we thought of while eating Christmas dinner and I would like them to be my board.
Step No. 5 is to obtain an "employer" ID number, not an "employee" ID number. I am sure that this is just a little typo. Otherwise, this is a great presentation.
I want to start a Nonprofit in another country but I want to be able to provide a deductible tax form for private donors in USA, do you know if I need to start a Nonprofit In USA ?
Thank you for the video! It is very informative. What if I have 2 members on the board who live outside of the united states. There are no provisions on the form to indicate the country.
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?
Can you set up a non profit organization here is USA but the main purpose is to support or donate to a foreign Alma Mater? Donations from alumni or other people here in USA will be sent to a foreign school. Is that possible?
Could somebody please let me know IF a nonprofit after I get the step 5 (( the EIN)) And I’m ready for The Form 1023EZ, My question is, someone Please 🙏Advise me: EVEN WITHOUT ANY RECEIPTS NOR TAXES FILED FOR PAST YEARS just because no activities Made YET, WOULD IT still have a good chance to be APPROVED?? because basically my nonprofit is in the start of it, and mostly of its activities will start AFTER I receive the Determination letter approval and then the first donations, so we will start the activities,
Caution... The FEIN process that he briefly demonstrates doesn't select the appropriate items for a nonprofit entity. He indicates "sole proprietorship" which does correlate with what he said at the beginning of the video ("you are the owner") but which is not an accurate reflection of nonprofit entities, which are not owned by anyone, by definition. The correct selection is "View Additional Types, Including Tax-Exempt and Governmental Organizations. . . "... etc. {from an attorney specializing in tax exempt entities}
Question how about forming an 508c1A?
Thank you
I noticed that too.
OMG YOU ARE A LIFESAVER! I've been struggling trying to figure out the legal aspects of starting my nonprofit organization and I just want to speak for every viewer when I say THANK YOU! This video was so insightful.
Thank you! Great content. EIN stands for Employer Identification Number (not employee).
Excellent video! Straight to the point and loaded with valuable information. Thank you, thank you, thank you!
This is fantastic. I have been going back and forth on whether or not to go through the process of registering as a non-profit but this video has truly helped motivate me. Thanks man. This is great!
This was extremely helpful. Texas Cert & Formation is only $25, but they will charge you a dollar for searching your name.
God bless all your non-profit organizations! Help many people and show love!
From IRS website. Some non profits are not required to file 1023
The following types of organizations are not required to file Form 1023 for recognition of exemption under Internal Revenue Code section 501(c)(3):
Churches, including synagogues, temples and mosques.
Integrated auxiliaries of churches and conventions or associations of churches.
Any organization (other than a private foundation) that has gross receipts in each taxable year of normally not more than $5,000.
This is super helpful, I wanna protect my nonprofit from legal issues and had no idea where to start on regards of a 5013c. Now I just have to pull funds together to get everything up and running to start, im feeling very optimistic now
You are a real gem! This helps so many people in helping themselves to get started. I love when people educate themselves;it adds value to their journey in their own business! 💙
This is a great overview for starting a non-profit. I've started a few NPs, and I wish I'd seen this before.
This is really amazing information. I took a whole lot of notes. Thank you for taking the time......
Excellent presentation!
Board directors can be paid for services rendered as long as those services are outside the scope of governance and oversight and don't contain conflicts of interest. It is common in the early stages of a non-profit for directors to wear many hats including those of the employed roles of the non-profit. In such a case the director performing the role would be voted to do that role by the other directors excluding his/herself as a voter. compensation for the service to be voted on the same way. example: the founding director, typically the executive director is voted to be the delivery driver for the non-profit and would include an industry delivery driver equivalent compensation of let's say $17/hr. This is totally acceptable. Of course solid record keeping and a lack of conflict of interest is highly recommended. The director to be voted for cannot be a voter on the matter nor can he/she vote on compensation. Also best to document why the decision was made. This is a basic example, do your own research.
Thank you for your help with the 501(c)(3) portion. That's the part I really need assistance with.
Have you been able to get started?
Very good presentation. You are a very talented
communicator. Thank you!
Thank you so much! A great a simple video for overwhelming idea (non-profit), BOD, ideas etc....
I have been looking into Fiverr and other business etc.
Not only was this incredibly detailed and useful, but it was explained with such clarity and enthusiasm that I feel even more invigorated to launch my nonprofit. I will definitely continue using Wild Apricot as both a resource and I will likely consider them for future services.
"You may not distribute any of the income you make from the non-profit." What is the difference between distributing any income and paying exorbitant salaries?
Heyyyyy!...This is an Awesome Video and much appreciated!...I love the Presenter's cool and Non-chalant vibe about it all!...Lol!...His energy really helped me take a Chill pill and enjoy learning about the whole process instead of being stressed out about it!...Thanks!...and Subcribed!...Hope that you will make more video's concerning this topic cause YOU ARE THE BEST!... :)
He was very calm...like piece of cake 😩🤯😣
The presenter is such a cool guy!
That was awesome! You explained everything flawlessly! Can’t wait to start!
It was really great content. I wish you nothing but success when starting your nonprofit.
Don't forget about a Domain name (Website) and Trademark (USPTO) for your Nonprotif before you get too excited about a name. You need to make sure its not already taken by someone else.
Great video, love the delivery and the info
Great video and thank you so much for sampling the process specially for a non US people. Thank YOU
Can a non-US citizen be an initial director for a US nonprofit in New York state and still get tax-exempt status?
so it seems to me that there is a LOT of jumping the gun. This is supposed to be about SETTING UP a nonprofit from the beginning, and yet you're stating that any donations or other gifts should be listed. How can there be any gifts or donations when the Articles of Incorporation haven't yet been filed, and the corporation isn't yet a FUNCTIONING 501(c)3 ?
Excellent job producing this educational video. You made it much easier to understand!
Great information. I have a need and plan to start a non-profit, but can't afford the fees. Great.
Yeah thats my problem, i want to start a nonprofit for assistance caring for pets like food banks and stuff but i definately dont have a couple hundred to drop on it. I think i may try a gofundme for the startup and see if i can do that. If youre still looking to start up maybe try a gofundme account if you havent already
Very condensed, very useful. That's a lot in 15min and a lot of useful links. Thank you very much
Is it the same process if it will be international?
Wow, great video! Explanation is very thorough.
Thanks for the details on the 1023.. This is great info.. well done!
This is how a video should be done! Great Job
This is really useful info guide for non-profit organizations! Let's help more people in the world!!
I love this. Please do you help with filing out the forms?. I register the organization already but needs help with rest.
Thank you so much for posting this! So much great info simplified for us first timers. You're amazing for doing this!
Glad it was helpful!
Very good presentation however I have a few small questions that I feel like you have quick easy answers to.
1. Am I limited to a nonprofit only in the United States because I'm wanting to be based out of the United States but help needy people through gospel missions in Southeast Asia and most specifically the Philippines.
2. How long from beginning to end does it typically take to set up all the paperwork to get the green light to start?
3. How much money from start to finish will it cost to go through the process?
4. Eventually once I get a track record I will be most likely receiving from churches, friends and family members however in the beginning I will self fund my own personal monetary donations
So is that okay with a 501 c3 and obviously I would think I would be able to use my own donations as a personal tax write-off correct? Btw, I'm now helping people in the Philippines with my own money however since I don't have a nonprofit or going through a non-profit organization it's just money that I'm sending that I cannot use later as my own personal tax write-off.
Thank you very much for considering and answering these questions because so far I haven't been able to find these answers on the internet but you're very knowledgeable about the subject so I'm hoping you can give me some feedback. Thank you very much again
Thank you for making this video. It would have spent a long time reading to fine out all this info, and I would probably missed a lot of it b/c it's kind of "dry".. SO I think you again and wish you well!
You should promote 508(c)(1)(a) also (Faith based Organization). 501(c)3 still has to follow mandates etc. It is completely tax exempt and has 100% freedom of speech etc...
Thank you very Much. This was such a clean and clear video.
Was curious about donations? and do people make a living on non profit? while still helping the community?
I have never heard of volunteer match and i was blessed today with this knowledge. Alhamdulillah
Hi,
I have an overseas organization is this the same process? Thank you
thank you so much for posting this video! Exceptional, informative, indeed all a nonprofit organization starter need. It is great! thank you again.
California 501 (c)3 #4 purpose statement. i am confused about public purpose, charitable purposes or both? what is the difference?
I am surprised with this video! You really helped me!
Specific, clear, and concise - Nice job and very useful information !
Actually the process is ridiculously simple and money can be spent on salaries for board members staff etc.
Thank you for share, how to open the yoga or Healing retreat as nonprofit in CA ? Any experienced pls share.
Great Video!!!!! Very Helpful!!!! Thank you! I just verified my non profit name with my state and someone already has it. When i do find a name that is open, if my organizaotion grows to the point where I can operate nationwide, do I need to verify someone in another state isn't also operating with the same name?
You most definitely do not need a board to file for non-for profit. You don’t need them to use the standard buy was available. All of this can be done after incorporation of course. Not good advice.
@Axis Of Energy
Hi. Do you mean I can file for a non-profit without the need of having Board of Directors? Did not quite understand your comment. *God* bless.
How many people should be on your board of directors?
Terry Your videos are amazing. I am trying to start a nonprofit and this was so very helpful. I look forward to checking out more of your content. I appreciate you.
Great video! Is there anyway we can pay you to help our Church
How can I just do the Article of incorporation..I have the other form just need the article to open a bank account for the church.can I just do that
Do you help to set them up
how do you pay employees and your self if everything has to be recycled back
Awesome explanations and information! Greatly appreciated!!
If you have a family non profit i understand majority must be unrelated to have a quorum. I believe that the President ,family member, not mínate her husband as treasurer. He was voted by majority unrelated members. However i feel it’s a conflict of interests and objected. Can you help? FYI we don’t have a conflict of interest document or in the bylaws.
Great job on explain the process, i will get a try
Thank you for your time
thank you this information is very helpful and straight to the point
how about a 508c1a???
And thanks for all the linnks! you are so awesome!
Maybe a silly question. Is There a worldwide alternative or should I look to get it online cause I am not an US citicen, I don't even have a visa but I have an NGO and to apply for funds many ask for this 501c3.
Thanks for any answer for this silly question. 🤗
Is it possible to have an LLC and nonprofit status at the same time? My preference is the nonprofit however I file an LLC how easy is it to correct if I did it wrong?
It is possible to have both an LLC and a non-profit status, but the two are separate legal entities. An LLC is a business structure that offers limited liability protection to its owners, while a non-profit organization is a tax-exempt entity that exists for charitable, educational, or other public purposes. It's best to consult with a legal and/or tax professional to determine the most appropriate structure for your organization. Is there a specific reason why you want to have both an LLC and a non-profit status?
This was a great and resourceful video. Thank you so much! Super helpful!
Is it necessary to hire people, including board of director? I know they don't cost money but I can figure out ways to do this on my own or 1, 2 others to just give.
How can I do it well being a foreigner?
You are amazing !!! Great information. Thank you
please tell us how to upload non profit documents on irs website .
thank you vary helpful
Can my family members by my board?
Or I can be the only member?
Great video very informative I highly recommend
This is really amazing information. I took a whole lot of notes. Thank you for taking the time.
Any success ?
Dayshaun Raymond still haven’t moved forward with this yet lol!!!!
@@truecorbinfan Why haven't you moved forward yet? You are missing out on grant opportunities, great fundraising opportunities and also doing great work for your community. Do you have any additional questions?
@@ShannonOnDemand life happened. I will get back to it in due time!
@@truecorbinfan I totally get it!!! May God bless your efforts with much success!!!!
Is it possible to start a non profit with my family members as my board? It was an idea we thought of while eating Christmas dinner and I would like them to be my board.
I believe they must be non-related.
Hello, EIN for Non Profit is not under "sole propietorship". Right or Not?
Step No. 5 is to obtain an "employer" ID number, not an "employee" ID number. I am sure that this is just a little typo. Otherwise, this is a great presentation.
It is! Thank you for catching that. We're glad you found the video helpful otherwise.
Is that possible for a foreigner living in South America to open a non-profit 501(c)(3) in the US?
I want to start a Nonprofit in another country but I want to be able to provide a deductible tax form for private donors in USA, do you know if I need to start a Nonprofit In USA ?
Awesome Information! Great Job!
Hi thank you for the info 🙏but question though do you have to have a board member?
Thank you for the video! It is very informative. What if I have 2 members on the board who live outside of the united states. There are no provisions on the form to indicate the country.
If you start a non profit can you pay yourself as an employee?
Can the non US citizen also start the NGO ???
Great info - thanks!
So if i wanted to hire teachers in my non-profit i couldnt pay them?
Thank you!
how do I start a church for my religion in which disavows paperwork/forms and deems them sinful?
This is a gift. Thank you.
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?
I also heard about a fiscal organization, do you know anything about this? Thank you 🙏🏼
Very informative - Thank you.. had to rewind a couple times though, went by very quickly. lol
Can you set up a non profit organization here is USA but the main purpose is to support or donate to a foreign Alma Mater?
Donations from alumni or other people here in USA will be sent to a foreign school. Is that possible?
I don't know who to call or write . Concerning a person who has been using a nonprofit in a criminal way.
Could somebody please let me know IF a nonprofit after I get the step 5 (( the EIN)) And I’m ready for The Form 1023EZ, My question is, someone Please 🙏Advise me: EVEN WITHOUT ANY RECEIPTS NOR TAXES FILED FOR PAST YEARS just because no activities Made YET,
WOULD IT still have a good chance to be APPROVED??
because basically my nonprofit is in the start of it, and mostly of its activities will start AFTER I receive the Determination letter approval and then the first donations, so we will start the activities,
can a member of the board be less than 18 years old?
I am a florida resident and I want to start a non profit based out of Mexico working with artisans from Mexico, is this possible?
Thank you for being detailed!
Great information! Thank you so much