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Live Webinar Event – January 20, 2016

Join our nonprofit start-up experts for a FREE 90 minute webinar the 7 Secrets to Starting a Non Profit.  Our experts will take your hand and walk you through the process of nonprofit incorporation and the application process for tax exempt status with the IRS.

We will cover the 7 critical steps to starting a nonprofit, the 3 items that must be included with every application and the 2 things you must never do when applying for tax exempt status.

Space is limited so sign-up now.  A reminder will be emailed to you prior to the event.

Learn how to start your nonprofit corporation and obtain IRS recognized tax exempt status while avoiding long delays and costly mistakes.  Live Question & Answer session during the call.

To sign-up for our next webinar training class, CLICK HERE.

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Before Starting A Nonprofit, Read This

Can you answer these 10 key questions?

1.  What is the mission of your organization?

 

2.  Who are the primary beneficiaries your programs or activities?

 

3.  Do you have a written outline of  your proposed programs or a business plan describing your budget and financial projections?

 

4.  Have you recruited a “core team” of advisors?

 

(i.e. Officers, Board of Directors, Volunteers & Fundraisers.)

 

5.  What specific resources do you need?

 

6.  Do you have experience operating a nonprofit or for-profit business?

 

7.  What steps will you take to ensure compliance with Federal, State and Local regulations?

 

 

8.  Are there existing organizations with a similar mission to support without having to start your own nonprofit?

 

 

9.  On a scale of 1 – 10, how committed are you to making a difference in the world?

 

 

10.  Who would suffer if your nonprofit never got off the ground?

 

 

Before starting a nonprofit, take a few minutes and consider the answers to these questions.  Operating a successful nonprofit requires a commitment of time, money and a team of dedicated people to achieve your charitable mission. 

 

Schedule a free one on one consultation with a member of our expert team to discuss your goals and objectives.  Together, we will outline a specific, measurable and dated course of action to get you started with your nonprofit organization.

 

“Transforming your dreams to fulfill your life’s purpose…”

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Are you “stuck” trying to start your nonprofit?

You are not alone.  Starting a nonprofit can be difficult and time consuming. Many people download the IRS forms and try to make sense of the 14 page application, additional schedules and 38 pages of instructions.  Or, perhaps they filed their own articles of Incorporation, only to discover later that they are missing the required IRS language – causing their application to be delayed by months.  If you have downloaded Form 1023, Application for Recognition of Tax Exempt status, or tried to start your nonprofit corporation and are “stuck”, please read these 5 steps to getting back on track. 

Be Inspired.   Think about the reasons that you wanted to start a nonprofit.  What cause or mission do you support?  What would happen if your organization never got off the ground?  You have a special message to share, a destiny to fulfill, and a legacy to create that is bigger than you ever imagined. 

Look at the Big Picture.  Imagine you are floating in a hot air balloon, high above the earth.  What do you see?  Now, think of your nonprofit in “big picture” terms.  What do you want to achieve?  What is holding you back? What do you need to take action?  Don’t get overwhelmed – starting a nonprofit and obtaining 501c3 status is a journey.  Plan the steps along the way, before trying to complete the paperwork.  You will save yourself time and minimize frustration. 

Think on Paper.  As you plan your journey, write things down on paper.  Talk to others who have gone before.  Gather the supplies (information) you are going to need along the way.   Start with your mission statement and seek others who will join your team.  Map out the specific steps, in the order that you must accomplish them before setting out on your journey.  Do you have everything you need to get started? 

Be Honest with Yourself.   Once you have written your nonprofit’s mission statement and gathered the necessary forms, ask yourself these questions:  Do you have the time and commitment to follow-through?  Can you describe your organization’s programs, in detail?  Are you comfortable with the financial data page that must be completed with your application?  Are you able to respond to IRS inquiries in a timely manner?  Do you know what to do after your organization is approved?  If there is something you are not sure about, ask for help from experts who have completed the journey and know what to expect. 

Take Action.  Don’t hesitate, procrastinate or make excuses.  You can’t obtain 501c3 nonprofit status if you never complete the application and submit it to the IRS.  Get started now.   The approval process can take several months. While your application is in the queue, you can refine your programs, seek donors and build your team.  Do what you love and what you were born to do. Now is your time.

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Avoid long delays when starting your nonprofit.

Are you planning on filing your own nonprofit paperwork?  According to the 2012 report issued by the Advisory Committee on Tax Exempt Entities, 40% of the applications for tax exempt status took 6 months or more to receive an approval.  Approximately 10% received no determination, for reasons including missing required information, incomplete applications and IRS refusals to rule.

What causes nearly half of the 1023 applications to be denied or delayed six months or longer?

According to the report, 75% of the applications are “self-prepared”.  These applications are prepared by people just like you, trying to do it on their own.  They have good intentions, but have never completed Non Profit Articles of Incorporation, or submitted the 16 page IRS Form 1023, (click here to view the 35 pages of instructions), written narratives and explanations; developed budgets or constructed financial projections.   And those are just the first steps to getting your application in the IRS queue.

The reason Attorneys and CPA’s hire us.

Most attorneys and CPA’s have never completed a 1023 application in their entire career. I am not trying to put them down; most are very good at what they do.  But, unless their practice is focused on nonprofits, they tend to outsource nonprofit work to specialists, instead of trying to do the work themselves.  One third of our customers are referrals from attorneys and CPA’s.  (The IRS application process is so time consuming, it is not very profitable for them – unless they are charging you by the hour!)

How to avoid nonprofit “no man’s land”. 

You are passionate about your mission.  Your donors, board members and volunteers are lined-up and ready to go.   Perhaps someone is ready to give you a grant.  There is just one problem – your application has been submitted to the IRS, and you haven’t heard anything for months!   Your organization is neither approved or denied!

5 Keys to a Successful Determination.

There are 5 keys to a successful 1023 application.

1.  The Articles of Incorporation must have the required IRS language.

2.  You must clearly articulate your programs in an acceptable format.

3.  The explanations and narratives must demonstrate how the exempt purpose will be achieved and how the organization conforms to the IRS requirements for 501c3.

4.  The application must include accurate budget and financial information.

5.  Your application packet must include all required schedules, descriptions and pages.

If your application is lacking  information, it will be assigned for “further development”.  It is possible your application will be delayed by 8 months to a year, or more!

There are no short-cuts.

The only way to eliminate costly delays and get your nonprofit IRS approved is to know what is required before submitting your 1023.  Don’t try to do this alone.  Join our teleclasses or give us a call.  We are here to help you!

 

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What’s Your True Calling?

There are the things we do for money and the things we do for love, happiness and contribution.  As we move closer to the end of the year, this is a great time to reflect on what we have done to make a difference and what we plan to do moving forward into 2013.

Imagine you are living a more fulfilling life, doing what you love and what you are truly passionate about.

Non Profit, Low Profit and Social Benefit Companies aren’t just a fad, they are a movement – a wave of change as people realize that profits without purpose may make you rich, but won’t necessarily make you happy.

Ask yourself, are you living your true calling?

How would the world be better if more people knew about your special gifts?  Create the life you want.  Volunteer, connect with others and be part of something bigger than yourself.   Rediscover your passion, inspire others and leave a lasting legacy.

Now is your time.

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Contact Us

702-731-2828

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Saturday - 9 a.m. - 1 p.m.

service@nonprofitadvisor.org

Non Profit Advisor Group, Inc.
7848 W. Sahara Ave
Las Vegas, Nevada 89117

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Prosperity Advisors, Training Programs, Las Vegas, NV

 

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