Can Family Serve on A Nonprofit's Board?

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  • Опубліковано 23 жов 2024

КОМЕНТАРІ • 22

  • @itsyagirle7463
    @itsyagirle7463 3 роки тому +2

    I need help starting my non profit!!! I have a awesome idea but don’t know where to start!!’

  • @itsHappening-ry2ef
    @itsHappening-ry2ef 2 роки тому +2

    This is a perfect eye opener thank you

    • @BossonaBudget
      @BossonaBudget  2 роки тому +1

      You're welcome, thank you for watching!

  • @tchatchibarakotoka2150
    @tchatchibarakotoka2150 2 роки тому +1

    Very useful, thanks.

  • @NativeamericantrailofhopeCarme
    @NativeamericantrailofhopeCarme 3 місяці тому

    We are focused on helping young Native American women to get a positive start on life by means of educational grants and mentotship. How should we acumulate funding to make this happen. We are a 501c3 organization.

  • @protea00
    @protea00 11 місяців тому +1

    How many individuals can be on the board?

    • @BossonaBudget
      @BossonaBudget  11 місяців тому

      Hi, you can specify that for yourself in your bylaws. Your state law will likely indicate the minimum number of board members. The IRS likes to see at least 3.

  • @saleema253
    @saleema253 Рік тому

    Is this statement saying that a sibling is not considered a family member? A brother or sister of an individual is not a member of the family for this purpose. Found this on the IRS link you provided

    • @BossonaBudget
      @BossonaBudget  Рік тому

      That statement is, yes, and it pertains to private foundations.

  • @spirituallymommy2646
    @spirituallymommy2646 2 роки тому +1

    Can board members be located in different states?

    • @BossonaBudget
      @BossonaBudget  2 роки тому +1

      If your state law and bylaws allow it, yes.

  • @blessedbeauty5411
    @blessedbeauty5411 2 роки тому

    Is it illegal to have majority family as directors or is it just not recommended?I don't know anyone else that I trust at this time.

    • @BossonaBudget
      @BossonaBudget  2 роки тому +1

      The question of legality would be for a lawyer, but generally that’s a red flag for the IRS. But many orgs do it, especially in the beginning.

    • @blessedbeauty5411
      @blessedbeauty5411 2 роки тому

      @@BossonaBudget thank you I added 1 cousin.

  • @malissawhite4569
    @malissawhite4569 4 роки тому

    Hello: I want to start an export business and would like any information or guidance you can provide as to getting grant monies, minority monies, monies for women businesses, etc. Thanks.

    • @BossonaBudget
      @BossonaBudget  4 роки тому

      Hi! Unfortunately, I only focus on grants for 501c3 nonprofits. Try going here to find business grants: bit.ly/shebossgranttracker

  • @1961nene
    @1961nene Рік тому

    I need a Grant for my nonprofit organization 501c3

    • @BossonaBudget
      @BossonaBudget  Рік тому

      hi, what have you done to find the grants, how much do you need and what will it be used for?

    • @1961nene
      @1961nene Рік тому

      @Boss on a Budget - Build a Strong Nonprofit I be applying but I think I don't write much . My grant would be for Pinkclosets4schools we build closets in schools for clothes and accessories

    • @BossonaBudget
      @BossonaBudget  Рік тому +1

      It sounds like an idea people would love to donate to in addition to grants. Have you checked into your local community foundation and identified the foundations connected to local businesses?

    • @BossonaBudget
      @BossonaBudget  Рік тому +1

      Sometimes it’s tough to get grant money for items- not impossible but some funders don’t want to give you money only for materials so I would frame it as a program and make sure you build all that in your budget. Have you considered getting donations from individuals (including inkind donations)