Checklist: 5 Steps to Launching Your Nonprofit
1. Define Your Mission and Vision
- Research the need for your nonprofit to ensure it fills a gap.
- Identify the problem you aim to solve and clearly articulate your purpose.
2. Develop a Plan
- Create a business plan outlining goals, target audience, programs, and funding strategies.
- Identify potential collaborators and supporters.
3. Incorporate and Choose a Name
- Select a unique, meaningful name that aligns with your mission.
- Register your nonprofit with your state and file articles of incorporation.
4. Apply for Tax-Exempt Status
- Obtain an Employer Identification Number (EIN) from the IRS.
- File IRS Form 1023 or 1023-EZ to secure 501(c)(3) tax-exempt status (in the U.S.).
5. Build Your Infrastructure
- Set up a board of directors, bylaws, and internal policies.
- Establish operational systems for fundraising, accounting, and communication.
Would you like a deeper dive into any of these steps?