BryteBridge Knowledge Center:
Do you have an initial Board of Directors?

Do you have an initial Board of Directors?

Knowledge Center

Frequently asked Questions

Frequently asked Questions

Nonprofit Startup Checklist

Nonprofit Startup Checklist

Preparing To Start A Nonprofit Business

- Are you a public charity or private foundation?

- Do you have a name?

- Do you have an initial Board of Directors?

- Do you have initial funding?

- Will you fill a need in the community

Ready to Start your Nonprofit?

Step 1: Create Initial Documents

Step 1: Create Initial Documents

- A Note On Scams

- Conflict of Interest Policy

- Employer Identification Number (EIN)

- How to create initial documentation

- Incorporation

Step 2: Apply For Tax-Exempt Status

- Additional requirements for the 1023 Long and 1024 applications

- Comparing 501c Tax-Exempt Applications

- Fiscal Sponsor

- How to apply for tax exempt status

- How to apply for tax-exempt status

- Letter of Determination

- Types of Tax-Exempt Nonprofit Organizations

Step 3: File State Documents

- Charity Registration

- Foreign Registration

- How to file state documents

- Local Registrations

- State Licenses

- State/Sales Tax Exemption

Step 4: Market Your Nonprofit

- Email Newsletter

- Marketing Checklist

- Press Release

- Types of marketing to consider

Step 5: Raise Funds

- Corporate Sponsorship (Goal: 10-15% of Revenue)

- Donor Management and Appreciation

- Foundation Grants (Goal: 2-5% of Revenue)

- Fundraising Checklist

- Personal Donations (Goal: 60-70% of Revenue)

- Professional Fundraiser

- Service Fees (Goal: 5-10% of Revenue)

- Types of fundraising options

Step 6: Develop Staff

- How to develop volunteer and paid staff

- Staffing Checklist

Step 7: Operating The Nonprofit

- Annual Report to Constituents

- Board of Directors

- Consultation and Networking

- Executive Director

- How to operate the nonprofit

- Ongoing Operation Checklist

- Policy Manuals

- Strategic Plan

Step 8: Annual Compliance

- Annual Compliance Checklist

- How to stay in annual compliance