Partner or Form a Nonprofit
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Partner or Form a Nonprofit

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EIA Conference Chicago 7/10

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 Presentation Transcript

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