lifecycle of a nonprofit

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06/20/2022 Footer 1 NONPROFIT LEADERSHIP SERIES Lifecycle of a typical non-profit

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Page 1: Lifecycle of a nonprofit

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NONPROFIT LEADERSHIP SERIES

Lifecycle of a typical non-profit

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I AM NOT AN AT TORNE Y OR AN ACCOUNTANT OR AN E X P E RT IN E V E RY S TAT E

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CONCE P T ION

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1. Form your board

2. Business plan

- Case for Support

3. By laws

4. Articles of incorporation

5. State application

6. Federal tax id application

- Employee id number (EIN)

7. Application to IRS

STEPS

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THE IRS

Just a designation

• Mission• Service to provide• Community need• Founding board• Funding plan

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I AM NOT AN AT TORNE Y OR AN ACCOUNTANT OR AN E X P E RT IN E V E RY S TAT E

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F IRS T B IRT HDAY

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TO DO LIST

• Determine service delivery• Determine finances• Set up “systems”• Establish community presence

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President

Secretary

Programs

Treasurer

Fundraising

THE FAMILY

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Income

EventsPrivate DonationsPublic Funding

COMMON FUNDING

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THE FIRST YEAR FUNDING

Community “friend” raisers.

Board receptions

Meet and Greets

Community grants

Banks

Retailers

Board gifts and gets!

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TODDL E R Y E ARS

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CONFLICTS OF INTEREST / SELF-SERVING LANDMINES

• Property• Family on the “payroll”• Financially “appropriate”

• Public benefit test• Private Foundation

• Board members paid• Any highly compensated employees

Common trouble spots

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Board President

Secretary (Attorney)

Treasurer (CPA)

Board Developme

nt

Fund Developme

nt

Marketing

Part time staff/admin

THE GROWING BOARD

Other board members – maximum set by by-laws

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RE ADY TO GO TO S CHOOL ! !

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• Founders syndrome!

• Replace founding board members- Allow them to “sit-out”

• Revise Case for Support• Revise by-laws• Update “systems” • Revamp fundraising plans

THE HARD PART

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THE PLAN FOR GROWTH

Signature event

Be true to your mission and resources

Apply for federal and state grants

Make sure your financials are in order

Board gifts and gets!

Establish a donor program.

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T HE DRE ADE D T E E NAGE Y E ARS

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THINGS TO BE WARY OF…..

• Curfews!• Pushing boundaries• Raising the allowance• Challenging the rules

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I AM NOT AN AT TORNE Y OR AN ACCOUNTANT OR AN E X P E RT IN E V E RY S TAT E

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WRAP UP

What is the age of your board?

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BOARD RETREAT AND PLANNING

• Community interviews• Financial reviews• Expansion plans….

• And so much more…

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PREVIEW TO NEXT SESSIONPlanning your board retreat….

April 9th

12:00 EST