How Do You Start a 501(c)(3) Nonprofit?

Just like with any BUSINESS, there’s a lot that goes into starting a NONPROFIT…research, planning, fundraising, etc. There are also legal, accounting, and technical hurdles that must be cleared. In this video, we take a look at all that’s involved with starting a 501(c)(3) nonprofit.

📚 ADDITIONAL RESOURCES
•eBook: 10 Things You Need to Know Before Starting a Nonprofit: https://www.501c3.org/request-....successfully-startin
•WEBINAR: Successfully Starting a New Nonprofit: https://youtu.be/IofI9ELw2fw
•VIDEO: Nonprofit Bylaws – The Dos and the Don’ts https://youtu.be/J9PNB2jvxSc

🏆 YOUR NEXT STEP:
•Fill out this form for a FREE consultation on how to start a nonprofit: https://bit.ly/3Tu9nYE
•Register for Fundraising TV: https://www.501c3.org/fundraising-tv/
•Download the FREE eBook “10 Things You Need to Know Before Starting a Nonprofit” https://bit.ly/3XhFag0


0:00 Introduction
0:56 10 Things You Need to Know Before Starting a Nonprofit
1:26 Know Your “What” and your “Why”
2:05 The “How” and the “Who” of the “What” and the “Why”
2:56 Step 1a: Establish the Entity at the State Level
3:38 Step 1b: Secure an Employer ID Number (EIN) from the IRS
3:49 Step 2: Choose Your Board of Directors
4:38 Step 3: Draft Your Bylaws
5:04 Step 4: Apply for 501(c)(3) Status with the IRS using Form 1023 or Form 1023-EZ
6:25 Step 5: Receive your Letter of Determination
6:45 Get Professional Help when Starting a 501(c)(3) Nonprofit
7:50 Conclusion