lifecycle of a nonprofit
TRANSCRIPT
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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