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Before You Seek A grant <ul><li>Andrea Snyder (410)396-5320 </li></ul><ul><li>[email_address] </li></ul><ul><li>Twitter: g...
What You Will Learn Today <ul><li>Characteristics of successful nonprofit organizations </li></ul><ul><li>Key elements of ...
Nonprofit Lifecycles <ul><li>Idea stage  </li></ul><ul><li>Start-up stage  </li></ul><ul><li>Growth stage  </li></ul><ul><...
Characteristics of Successful Nonprofit Organizations http://flickr.com/photos/jeffhester/2434283985/
Key Elements of  Getting Started http://flickr.com/photos/basegreen/205733912/
Start-up Issue: Mission <ul><li>Have a clear mission statement that includes: </li></ul><ul><ul><li>Service </li></ul></ul...
Start-up Issue: Board of Directors <ul><li>Key board responsibilities:   </li></ul><ul><li>Determine mission and purpose  ...
Start-up Issue: Board Members <ul><li>Finding board members: </li></ul><ul><li>Enlist committed board members </li></ul><u...
Start-up Issue: Staff <ul><li>Recruit competent staff </li></ul><ul><li>Prepare a personnel manual </li></ul>
Legal Issue: Key Legal Steps <ul><li>Certificate of incorporation </li></ul><ul><li>Apply to IRS for section 501(c)(3) sta...
Legal Issue: By-Laws <ul><li>Explain how your organization will operate in a procedural way </li></ul><ul><li>Membership o...
Financial Issue <ul><li>Open bank account(s) </li></ul><ul><li>Retain accountant or other professional with nonprofit expe...
Financial Issue , continued <ul><li>Make payroll arrangements  (NEVER fail to withhold or remit amounts withheld) </li></u...
Insurance Issue: Legal Requirements <ul><li>Workers comp. </li></ul><ul><li>Unemployment insurance </li></ul><ul><li>Disab...
Insurance Issue:  Desirable Coverage <ul><li>Property-Casualty </li></ul><ul><li>Errors and omissions </li></ul><ul><li>Di...
<ul><li>Health insurance </li></ul><ul><li>Retirement plan </li></ul><ul><li>Vacation/holiday/leave policy </li></ul><ul><...
Facilities <ul><li>Find office space </li></ul><ul><li>Negotiate lease </li></ul><ul><li>Arrange for any construction </li...
Reporting <ul><li>To State(s) where you have an office </li></ul><ul><li>To State(s) where you are incorporated (if differ...
Financial Planning:  Overall Fundraising Plan <ul><li>Governmental/public funding </li></ul><ul><li>Earned income </li></u...
Still Want to Create a Nonprofit Organization? <ul><li>Advantages  </li></ul><ul><li>Tax exemption </li></ul><ul><li>Eligi...
Alternative Options <ul><li>Join an existing nonprofit </li></ul><ul><li>Consider fiscal sponsorship </li></ul>
Start-up and Nonprofit Viability Checklist
Thank you for coming! Andrea Snyder Grants Collection Enoch Pratt Free Library State Library Resource Center [email_addres...
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Before You Seek A Grant

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Before You Seek A Grant

  1. 1. Before You Seek A grant <ul><li>Andrea Snyder (410)396-5320 </li></ul><ul><li>[email_address] </li></ul><ul><li>Twitter: grants_pratt </li></ul>
  2. 2. What You Will Learn Today <ul><li>Characteristics of successful nonprofit organizations </li></ul><ul><li>Key elements of start-up and operational issues </li></ul><ul><li>Available resources </li></ul>
  3. 3. Nonprofit Lifecycles <ul><li>Idea stage </li></ul><ul><li>Start-up stage </li></ul><ul><li>Growth stage </li></ul><ul><li>Mature stage </li></ul><ul><li> — Nonprofit Lifecycles: Stage-based Wisdom for Nonprofit Capacity (2001) </li></ul><ul><li>Stevens, Susan Kenny </li></ul>
  4. 4. Characteristics of Successful Nonprofit Organizations http://flickr.com/photos/jeffhester/2434283985/
  5. 5. Key Elements of Getting Started http://flickr.com/photos/basegreen/205733912/
  6. 6. Start-up Issue: Mission <ul><li>Have a clear mission statement that includes: </li></ul><ul><ul><li>Service </li></ul></ul><ul><ul><li>Purpose </li></ul></ul><ul><ul><li>Beneficiaries </li></ul></ul>
  7. 7. Start-up Issue: Board of Directors <ul><li>Key board responsibilities: </li></ul><ul><li>Determine mission and purpose </li></ul><ul><li>Select and oversee chief executive </li></ul><ul><li>Lead organizational planning </li></ul><ul><li>Ensure adequate resources </li></ul><ul><li>Strengthen programs or services </li></ul><ul><li>Maintain integrity and accountability </li></ul><ul><li>Assess own performance </li></ul>
  8. 8. Start-up Issue: Board Members <ul><li>Finding board members: </li></ul><ul><li>Enlist committed board members </li></ul><ul><ul><li>Talent, Time, and Treasure </li></ul></ul><ul><li>Establish responsible board policies </li></ul><ul><ul><li>Example: Conflict of Interest Policy </li></ul></ul>
  9. 9. Start-up Issue: Staff <ul><li>Recruit competent staff </li></ul><ul><li>Prepare a personnel manual </li></ul>
  10. 10. Legal Issue: Key Legal Steps <ul><li>Certificate of incorporation </li></ul><ul><li>Apply to IRS for section 501(c)(3) status </li></ul><ul><li>– Form 1023 </li></ul><ul><li>Register with state where you are located </li></ul>
  11. 11. Legal Issue: By-Laws <ul><li>Explain how your organization will operate in a procedural way </li></ul><ul><li>Membership or not? </li></ul>
  12. 12. Financial Issue <ul><li>Open bank account(s) </li></ul><ul><li>Retain accountant or other professional with nonprofit experience </li></ul><ul><li>Establish financial control procedures (e.g. check writing, review of bills, reconciliation of bank statements) </li></ul>
  13. 13. Financial Issue , continued <ul><li>Make payroll arrangements (NEVER fail to withhold or remit amounts withheld) </li></ul><ul><li>Be sure to differentiate “independent contractor” from “employee” </li></ul>
  14. 14. Insurance Issue: Legal Requirements <ul><li>Workers comp. </li></ul><ul><li>Unemployment insurance </li></ul><ul><li>Disability </li></ul><ul><li>Auto liability, if applicable </li></ul><ul><li>Any other state requirements </li></ul>
  15. 15. Insurance Issue: Desirable Coverage <ul><li>Property-Casualty </li></ul><ul><li>Errors and omissions </li></ul><ul><li>Directors and officers liability </li></ul>
  16. 16. <ul><li>Health insurance </li></ul><ul><li>Retirement plan </li></ul><ul><li>Vacation/holiday/leave policy </li></ul><ul><li>Other: long-term disability, reimbursement policy </li></ul>Insurance Issue: Employee Benefits
  17. 17. Facilities <ul><li>Find office space </li></ul><ul><li>Negotiate lease </li></ul><ul><li>Arrange for any construction </li></ul><ul><li>Obtain office equipment (rent/buy) </li></ul>
  18. 18. Reporting <ul><li>To State(s) where you have an office </li></ul><ul><li>To State(s) where you are incorporated (if different) </li></ul><ul><li>To IRS </li></ul>
  19. 19. Financial Planning: Overall Fundraising Plan <ul><li>Governmental/public funding </li></ul><ul><li>Earned income </li></ul><ul><ul><li>Membership dues </li></ul></ul><ul><ul><li>Product or service fees </li></ul></ul><ul><li>Private giving </li></ul><ul><ul><li>Institutional philanthropy (foundations/corporations) </li></ul></ul><ul><ul><li>Individual gifts (individual donors/bequests) </li></ul></ul><ul><li>Fundraising events </li></ul>
  20. 20. Still Want to Create a Nonprofit Organization? <ul><li>Advantages </li></ul><ul><li>Tax exemption </li></ul><ul><li>Eligibility for public and private grants </li></ul><ul><li>Individual donors can claim tax deduction </li></ul><ul><li>Formal structure </li></ul><ul><li>Limited liability </li></ul><ul><li>Disadvantages </li></ul><ul><li>Cost </li></ul><ul><li>Paperwork </li></ul><ul><li>Shared control </li></ul><ul><li>Ongoing administrative details </li></ul><ul><li>Public scrutiny </li></ul>
  21. 21. Alternative Options <ul><li>Join an existing nonprofit </li></ul><ul><li>Consider fiscal sponsorship </li></ul>
  22. 22. Start-up and Nonprofit Viability Checklist
  23. 23. Thank you for coming! Andrea Snyder Grants Collection Enoch Pratt Free Library State Library Resource Center [email_address] (410)396-5320

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