Partner or Form a Nonprofit

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EIA Conference Chicago 7/10

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  • IRS, Tax-deductable donation. Also, nonprofits don’t have to pay city, state, or any business taxes
  • Partner or Form a Nonprofit

    1. 1. Forming or Partnering with a Nonprofit Organization: Which One’s For You? Heather Carpenter M.M. Nonprofit Administration
    2. 2. Workshop Overview <ul><li>Social Enterprises </li></ul><ul><li>Partnering with a Nonprofit </li></ul><ul><li>Forming a Nonprofit Organization </li></ul>
    3. 3. Social Enterprises <ul><li>Corporation </li></ul><ul><ul><li>B Corporation http://www.bcorporation.net/ </li></ul></ul><ul><ul><li>Corporation with a nonprofit arm </li></ul></ul><ul><li>LLC </li></ul><ul><ul><li>LLC with a nonprofit arm </li></ul></ul><ul><ul><li>L3C </li></ul></ul><ul><li>Nonprofit </li></ul>
    4. 5. Nonprofit <ul><li>Nonprofit myths </li></ul><ul><li>501c3 Tax Status </li></ul><ul><li>Public Benefit </li></ul><ul><li>No owners </li></ul><ul><ul><li>Legal and fiduciary oversight by the Board of Directors </li></ul></ul>
    5. 6. Overview and Importance of Nonprofit Industry <ul><li>Number of Nonprofits Today </li></ul><ul><li>Number of Nonprofit Employees </li></ul><ul><li>Training and Education Opportunities </li></ul>
    6. 7. Partnering with a Nonprofit <ul><li>“ Advance goals you cannot readily advance alone” </li></ul>
    7. 8. Partnering with a Nonprofit <ul><li>Identify a common problem </li></ul><ul><li>Find shared goals </li></ul><ul><li>Have clear expectations </li></ul><ul><li>Build trust and respect </li></ul><ul><li>Have leadership support </li></ul>Source: The ART of Effective Business & Non-Profit PARTNERSHIPS Finding the Intersection of Business Need and Social Good http://www.workingfamilyresourcecenter.org/wfrc/docs/Non-ProfitandBusinessPartnerships.pdf
    8. 9. Common Barriers to Partnership <ul><li>How decisions are made. </li></ul><ul><li>Timeframe of partnership. </li></ul><ul><li>Confusion over commitment, capacity, and resources. </li></ul><ul><ul><li>Evaluate partnership on a regular basis. </li></ul></ul>Source: The ART of Effective Business & Non-Profit PARTNERSHIPS Finding the Intersection of Business Need and Social Good http://www.workingfamilyresourcecenter.org/wfrc/docs/Non-ProfitandBusinessPartnerships.pdf
    9. 10. Types of Partnerships <ul><ul><li>Cause Marketing </li></ul></ul><ul><ul><li>Programmatic </li></ul></ul><ul><ul><li>Operational </li></ul></ul>
    10. 11. How to Find a Partner <ul><li>Guidestar </li></ul><ul><li>Through a Nonprofit State Association </li></ul><ul><li>Take a course at a local nonprofit management support organization </li></ul><ul><li>Through this association </li></ul><ul><li>A well known foundation that funds your particular interest area </li></ul><ul><li>Others? </li></ul>
    11. 12. Partnership Exercise <ul><li>Find a partner </li></ul><ul><li>Trade off asking the partner </li></ul><ul><ul><li>What problems or needs do you currently have in your business? P1 </li></ul></ul><ul><ul><li>How can the potential partner help solve your problem? P2 </li></ul></ul><ul><ul><li>What can you offer them that will be mutually beneficial? P2 </li></ul></ul>
    12. 13. Forming a Nonprofit Organization <ul><li>“ There is a market and a need” </li></ul>
    13. 14. Forming a Nonprofit Organization <ul><li>Two Options: </li></ul><ul><ul><li>Get fiscal sponsorship and then apply for 501c3 status </li></ul></ul><ul><ul><li>Apply for 501c3 status </li></ul></ul><ul><ul><ul><li>Post-conference session </li></ul></ul></ul>
    14. 15. Heather Carpenter [email_address] http://www.nonprofitalternatives.org http://www.nonprofitleadership601.blogspot.com Twitter: @heathercarpente Starting a Nonprofit Toolkit $10 Nonprofit Operations Toolkit $20

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