Patrick McWhortor, President & CEO of the Alliance of Arizona Nonprofits will offer unique insights and advice from someone who started two nonprofits in recent years and has experience in leadership of several local and national nonprofits. The four-part webinar series will cover:
• Basic nonprofit organizational and legal concepts
• Steps in planning the formation of a nonprofit
• Alternative approaches to serving your mission
• Resources for starting and supporting a nonprofit
• Basic practices for building a board of directors
• Practical advice and tips for nonprofit start-ups
Webinar took place on Oct 20th, 2011
10:00 AM - 11:00 AM
Listened to recording today
In Session 2 of our Starting a Nonprofit Webinar Series, you will learn the 6 Steps to the formation of your nonprofit and meeting legal requirements.
My Takeaways:
Step 1 - Evaluate the Decision
Why?
- Mission
- Need - reinforcing assets in the community
- Innovation
- Passioni
- Why not for profit?
- Nonprofit market analysis - competition
- Collaboration - look for a home first/Incubation (Member Match)
- Incubation Option
- Fiscal sponsorship?
- Ecomonic climate
- Political climate
- Nonprofit climate
- Business planning
- IRS
- Professionals: attorney and accountant
Step 2 - Planning
Business Plan
- Financial model
- Resource development plan
- Marketing plan
- Pilot Phase
- Incubation
- Donations
- Government
- Earned income
- Restricted funds
- Investment capital vs operationg
- Administrative/fundraising costs
- Accountability
- Role of Board
- Founders
- Incorporating board
- Community support
- Volunteers
- Legal formation
- Corp name research
- Corporation Commission - Articles of Incorp, Bylaws, etc.
- Secretary of State - solicitatation registration
- IRS tax exemption: Form 1023 application
- Solicitation
- Registration
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