Article by Tommy Hong
Becoming a non-profit organization that’s 501c3 tax exempt is a large step – in performing so, you’re going from a little endeavor to an whole business that’s tax exempt and totally committed to your cause. However, you will find several considerations that should be thought via before deciding to be labeled non-profit, such as the community, needs and marketing analysis that can be done. All of these ought to be completed and thoroughly analyzed prior to committing to an endeavor you can’t handle just but. This can each avoid issues and encourage you for the future, if done properly.
Community The first consideration that needs to be taken into account is the community in which you will be forming your non-profit corporation. The community needs to be receptive to such a program simply because it is largely a community that runs these organizations. Taking stock of the community’s needs in where and when you will operate, how they will be supporting you and vice versa, and if your idea is sustainable in the region is very essential. If the community does not need the services you are offering, becoming a full-fledge non-profit organization can be the wrong method to go for now.
Needs Assessment Completing a needs assessment for each your organization and also the community can truly put into perspective how your trip to being a non-profit will go. In the event you discover, for example, that you’ll need X quantity of money to finish the startup, not counting the fees required to file for 501c3 nonprofit status, you may determine you need to wait and develop a whilst. In the event you find you need articles of incorporation and a board of directors but have no idea how to develop those things up, it is important to think about backing down. Occasionally becoming a non-profit organization is all about timing.
Marketing AnalysisWhether you like the subject or not, marketing is really a large part of becoming a non-profit. Fundraising, donations, and getting the word out about who you’re and what you do for the community, state, nation or another country is essential to your success because the much more people know about it, the much more assist you to can give to your trigger.
Becoming a non-profit entails marketing because only a skilled marketing specialist can assist you to assess your spending budget for marketing and do as much as possible with that spending budget for your corporation or organization. Remember to take the marketing analysis seriously then, because otherwise you could wind up losing money and time as you become a non-profit.
Debbie Ducic, founder of GutZy Women and Frank Klein of Relativity share traditional and new ideas for raising funds for community needs. As a board member on several local non-profits, Frank shares some tactics they implemented to raise funds and how they could expand their efforts online just by opening up to what else can be created out of their current efforts…video, audio, etc. Debbie share her discovery of innovative NEW ways people and entities are using Web 2.0 capabilities to raise money for a good cause and greatly expand the reach of their message. This is the first in a series of three videos. Frustrated fundraisers will find lots of ideas in this series!
Video Rating: 2 / 5

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