3 Steps To Setting Up a Nonprofit Organization (Starting and Running Nonprofit)
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- Опубліковано 20 лип 2024
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Here are 3 easy steps to setting up a Nonprofit Organization, also known as charitable organizations, and some ideas on the tax benefits of starting and running your own nonprofit.
Connect With Our Team To Get Your Nonprofit Started 👇
Email: nonprofits@andersonadvisors.com
Specifically, you'll discover how to take your own 501c3 and set it up for charitable, religious, or educational purposes.
There are a few other things like amateur sports and things like that, but the big ones are charitable, educational, and religious. If you're doing something that's benefiting society, chances are, it's going to fit underneath a 501c3 nonprofit charity or charitable organization.
This is probably one of the most underutilized entities that exist that can have a positive impact on society as well as HUGE FINANCIAL and tax benefits to you, or the person, operating the non-profit.
The three steps that you must take are broken down in easy to follow and understand language.
You absolutely can do amazingly great things if you start and run your own nonprofit organization or charity possibly even create a legacy for you and your family.
LEARN MORE about the steps to starting a nonprofit business or organization in this short video. I guarantee it's an eye-opener and quick learn!
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice. - Навчання та стиль
![How to Start a Nonprofit in the USA 501(c)(3) [Step by Step]](/img/n.gif)
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Will you have replay for this
So how do we reach you to get started
You're the only one who didn't start out taking about the difficulty of this process! Thank you! Great information.
How do you set up the board of directos? Can you do a video on this please? This is GREAT and thank you very much for doing this!
This was the best explanation for NP. Thank you.
Freaking awesome information! Holy moly! 👍🏾👍🏾👍🏾👍🏾
Thank you sir. I really appreciate your videos. You are very smart and straight forward in your approach and delivery. You are a natural teacher in my opinion
Mr. Mathis, this was very good information. I have been for for my years as a volunteer , finally opened my NON profit, then COVID came . I appreciate your scope of knowledge and experience. EXCELLENT VIDEO, KEEP UP THE GOOD WORK .
Congratulations on opening your nonprofit! We are glad you found the video helpful!
Wow I think my ideas, experience, goals, beliefs and skill set have a route to pursue. Thanks
What a wonderful video, thank you for making it so simple. Maybe needing your help down the road. Looking forward to working with you.
wow, thank you, this was so helpful. I started the process but ran into a stop. With your given information it has helped so much Thank you.
I LOVE THE WAY JE TEACHES, TO THE POINT. I SUBSCRIBED.
Great video - Right to the point and informative
This was really good. Thanks for the info
Thanks and God bless for this useful information.
Thank you! Love your series...
So refreshing... Thank you.
Outstanding job!
This was very helpful, thank you so much for making this video! I just have a quick question, normally how long does it take for a nonprofit to be formed and running?
so clear and concise , THANK YOU 👍🏿
Thank you for this informative video.
Very well spoken and educational
im looking into this. I recently did a fundraiser and a charity stream to raise money to send soldiers deployed carepackges. I shattered the goals i set for 2 weeks in 1 day. I am a combat veteran myself. really interesting
Thank you for your service!
awesome work brother!
Thank you for what you do for us deployed right now!
How is your nonprofit business doing?
@@chainsawmack thanks for the reply, and thanks for the kind words. I actually havent started preforming the proper paper work yet alot of moving parts in my life right now. Crawl, Walk, Run, it will happen just no rush. Thanks again for touching base.
Hey man, fellow combat veteran here.A-ATW! I just read your comment and I'm interested in where you are today sir? Hope all is well!
Thank you for your time into putting out this video!
What do you think about the timing of starting a nonprofit, here in June 2020 before a possible economic crash?
Great video very helpful!
This is amazing. Thank you so much. I wish I can get your guidance for my non profit work.
thank you sooo much .
Excellent video.
Thank you.
Thank you for watching!
Wow! Thanks for keeping it so simple!!
Any time! Thank you for watching the video!
ALL MY QUESTIONS ANSWERED SO EASY. KEEP FOCUSED
Thank you Toby!
Love this information.
Thank you for this
Thank YOU!
Greattt Information!!!
Glad you think so!
TM!!!! Thank you for sharing this great information! You will be hearing from me within the month. NP with a veteran owner for a charitable donation business and a church. Bubu Rodriguez
Thank you! We look forward to hearing from you.
I decided that I will buy a house and start a vegetarian independent and assisted living home. I'm also interested in doing it as a nonprofit. Thank you for sharing this information. 🙏🙏
Very informational! Thank you so much ❤️ I will definitely be contacting you
Thank you Andrea for your comment and for taking time. Feel free to contact us we’d be happy to set up a 30 min one-on-one consultation. aba.link/FREE30MIN
@@TobyMathis i am impressed too....wish to contact you too if you do not mind.
How much do you charge for the consultation?
Plz how we develop our foundation
Great information sir. God bless you more.
I'm glad you found the information helpful.
Thanks for the info. How are people getting their 3 people for the Board of Directors? Who are they using and titles?
Many thanks
Awesome explanation 👍
Great video ❤️👍🏼👏
Great information
Thank you 😊😘
I have been looking into nonprofits on and off for a while and I think it is an appropriate way to structure the type of work I am interested in doing, but the hardest part seems to me to be... finding the right people to work with from the beginning. I know the work itself is very important and needed (converting vacant and degraded spaces to publicly exemplify human design that is beneficial to the water cycle and ecosystems, produce diverse high quality food locally for communities, and create free learning opportunities related to this) but it is surprisingly difficult to find people who are passionate about this who would be appropriate to create a nonprofit with, and a lot of the work to restore and improve lands without trying to become owner of them seems like it requires having that legal recognition as a charitable organization to even be taken seriously in the first place..
Alex, am ready to support or partner
Thank YOU
Thank you so much 😍
thank you!
Hi i watch ur video best one I watch so far..good information..do u have one about articles of incorporation..
Thank you so very much. I have my business formation done for Radiant's reason, inc. and a couple of other things completed. After this video I should be finished by morning after receiving your info😂 . Thank you
Thank you for this. We started a non profit that went national (Costumers With A Cause) and I'm looking to start a 2nd one that benefits another group of individuals. Can a single person be on the BOD for two non profits?
Nice video 😀
Is there a way to do it by starting with one person or do need a team of people?
Thanks! Appreciated !!
501c3
You are welcome. Don't forget to subscribe to our UA-cam channel.
Thanks for the information. I want to start one in TX but it's only me and my spouse. Any advice you have would be appreciated. Youth program...
Texas requires 3 directors to form a company even a nonprofit
Thank you very much. What if you do not have members but still want to do charitable non-profit? What do I file under then?
Thank you very much. I reside in Australia I've working on my charity that I want to establish in Africa to help vulnerable people while studying social work.
I need mentorship. Many thanks
Hi I'm in the U.S., full time student and I'm from Africa. I just help orphan, I am interested working with you. I'm a young female trying to help the poor because I was once like them
Which place/country in Africa?
Hello Anna, be very careful. There are alot of fraudster in the name of NGO. They collect money and never implement any project or the funds never get to the beneficiaries. I have been in the NGO industry for 10years so I know what I am saying. You can inbox me if you need help. Thank you for wanting to help Africa. We really need it especially women and children.
Wonderful, you simplified the explanation of the processes. What is the estimated cost of forming a not for profit corporation till the opening of a bank account. And what is the estimated annual cost including renewals and filing of income tax return?
I need help setting up mine!
great video
Thanks!
Great guy
When I did our 501c3 in Indiana, we needed Bylaws and Articles Incorporation in order to file for the 501c3.
Thank you.
You are welcome. Don't forget to subscribe to our UA-cam channel.
Do you need to finish all the registration before you begin to recruit committee members and start fundraising?
Thanks for the great, "no BS" video!
I really want to know more about this nonprofit because I creat one but I don’t have much ideas on it, I really heed help.
thank you for sharing information. What is the different tax form 1023 and 990 ?
Does a non profit corporation have to file two tax form on for fed and one for state ?
1023 is the application to get NON-profit staus at the federal level. The 990 is a tax form that you report your earnings on to the IRS. And yes you must also do a state tax form and most likely an Annual report as well.
Aloha, im currently going through the process in setting up my non profit. you have been inspirational have zero dollars need to fundraise or something to support my non profit. We are a feeding ministry and want to provide temporary housing in our area. Also took guardianship over children we use to foster and trying to find a way to create a non profit for a boarding home for foster children being that their is a big need for children without parents
Hello Toby how do l go about picking board members?
I just saw this, I want to start a non profit here in Florida but I want to make it global. My goal has been to always help people in anyway I can and I want to set it up. How much would it cost for you guys to help me?
You earned yourself a subscriber
Thank you! We hope that you find the channel informative and helpful!
@@TobyMathis brother, I hope you recognize my organization when it grows. I’m always humble to those who helped me along the way. I promise. THANK YOU SO MUCH.
What if I want to feed people does that fall under the 501c3? Also, thank you. You popped up on my feed never even heard of anything like this but you have me very intrigued now. I have something I want to do and I never thought about it from this side of it, thank you for opening my eyes.
Thank you for your interest. In order to qualify as a tax-exempt, 501(c)(3) organization, you must define a specific charitable purposes. The Internal Revenue Service Publication 557 (IRS Pub 557) gives us few examples of activities that can be deemed charitable. However, important to note that this list is non exclusive and some other activities not specifically listed on the Publication may still allow to be declared as charitable. Some of the most common categories include: religious, charitable, scientific, public safety, educational, sports, and preventive purposes. So long as you can fit your activity in one of these categories, then you should be able to qualify.
You also mentioned that you can take a salary from this. Can you elaborate a bit. Is there a certain percentage one can take and is that salary then taxed as income?
Yes you can take a salary from a non-profit. The salary must be "reasonable," meaning what a person doing that type of work would normally earn. The salary will be taxed to you as income, unless you choose to contribute to a tax-deferred account.
Sir, I have a plan for a BRILLIANT 501c3 & it will do so much good for our hometown heroes (Vets)
I would like to chat with you about getting thus up and running. Please advise on how to reach you. I am a vet myself and my family and fellow vets I know are ready to get this started
this was super informative is just what I was looking for in a video it help me understand how to set this thing up but I do believe I do need your help and like you said at the end of the video just get in contact with you I will be in contact with you soon I have a super idea
Hello there.
I am a burn survivor who wants to help raise money through fundraisers in several UA-cam channels. My goals is to help out burn victims meet their financial (medical and educational) goals.
Is this the same process I can use to create my own non profit? What are some of the costs associated with this?
Thank you so much for the information!
Hey, do you guys do 1024 filings? Our non-profit is looking to set up a title corporation for holding real estate, the TCJA has started a boon in the northeast of people who are looking to donate property but remain in the property under a survivors agreement, its been great cause we have been able to get local tax authorities to give us local re tax exemptions.
Sounds like you have some good things going. We can be more specific and answer your questions directly regarding your business. If you’d like a 30 min, no-obligation, consultation we’d be happy to do so. 👉 aba.link/FREE30MIN or feel free to call 800.706.4741
Thank you for the information. Do I want to be forming an S Corporation or a C Corporation?
Hi Mary, It is actually a non profit - not and S or C. You apply for the EIN and apply for exempt status (form 1023) and it relates back to the date of filing when approved.
How do you ensure you make a good salary in the process?
Thanks a lot for this. I'm not in the US, can I still contact you?
Hi Toby- we’ve got our purpose, state and Board of Directors. Ball park what’s the inclusive fee for a 501c3 in ID?
We are starting a photography club.We need to be non profit. Dues will be paid annually, that money will be used for educational purposes. 5O1C3 ? Or 5O1C7? Does 1 person have to use their personal SS# when it is a group club/effort?
I'm in California. To set up a Corporation I will have to pay $800 yearly. Is that the same fee for a non-profit?
is a community based organisation also considered as a nonprofit organization?
Do you have info on 508c1a?
Thanks! I'll call! Are you guys partnered with tax professionals too?
What about the 508(c)(1)(a)? Any advantages over the 501c3?
Does this apply to international NGOs based in the USA?
Once you put the original funds in to this can you invest some of those funds to grow the charity or is it strictly by donations after that and if so does that mean you have to do some type of fund raising?
This can be a complicated issue but generally, at least 1/3 of the non-profit's funding must come from outside sources by year five. If you set up a private foundation, all funds come from you personally.
DO YOU KNOW if I can purchase a home to live in and use for the non profit? This would be a farm with animals and food for this group. Is that do able? Its a 7 room home where two rooms would be used for getting single moms and their kids to a safe place until emergency housing is available. Many more uses for this group on the property.
Hi Mr. Anderson. I'm Moses Sam Quie form West Africa and is helping street girls of the street and back to school. I'm trying to get the 30min Strategy session. Is this offer not available to people out of the US?
Thanks! I'm doing it for the homeless!
Hey where you live we could help each other i also want to do for the homeless
Where you stay? also wanna do the same
If real estate is held in a non-profit, is the real property taxable on its 1) income 2) capitol gains when sold 3) property taxes?
I'm interested ✅
What about produce? Is there a non-profit that can be setup for companies that grow produce?
How can I get this process started?
Hi so what are the distribution of assets that I need to put in the box beacuse iam register a nonprofit for church..trying to get the articles of incorporation for the church to open a bank account..from Indiana
I would love to get this process started with help. What is the cost to get up and running through you guys? Thank you!
I think he’s busy
@@stressfree9780 plus it's not hard, doing one right now.
@@F16spec
Have u seen his wife! Shes got - im sure he's pretty busy with her
What state are you in and if in a different state than your client how do you handle that?
We have offices in Las Vegas, the Seattle area, Utah, and Wyoming. But we hold events and our clients are located all over the country.
Is it possible to start a nonprofit that supports charitable causes in another country only?