Some groups may already be organized but unsure how to move forward. Others may have yet to formally organize into a workable entity that can provide the services they are looking to offer. For both of these situations, Peak Consulting Partners can help get nonprofits off on the right track so they can make the positive impact they are hoping for.
Steps to a Nonprofit
The establishment of a nonprofit involves a number of complex steps:
Your nonprofit is much more likely to be successful and sustainable if you put in the hours researching your project before launching your organization. Begin with a solid objective for the business as well as identification of those you want to reach. Conduct a needs analysis to see if there is a place for your future nonprofit and determine whether you will have the resources necessary to put your plan into action.
Creation of a Foundation
When you are ready to move forward, the next step is to create a mission statement and a solid business plan, which will be used for your application for tax-exempt status as well as your future fundraising efforts. This is also the time to appoint of board of directors that will oversee your organization’s activity to ensure you meet your objectives.
The Incorporation Process
Incorporating your organization is generally the next step, which requires selecting a name for your nonprofit, drafting bylaws and filing the Articles of Incorporation. This must all be performed in accordance with the laws of the state in which your organization will be headquartered. It is essential for giving your organization the credibility necessary to attract donors and encourage the public to use the services you are offering.