Tips and Resources for Starting Your Own Nonprofit

Starting a nonprofit is a great way to raise your civic engagement and enrich your life with meaning and fulfillment. Nonprofit owners share a common goal of making the world a better place. But launching a nonprofit from scratch isn’t easy, especially if you’re new to entrepreneurship or don’t have a lot of money to work with. To help you get the ball rolling on your venture, Fire In My Eyes has assembled some helpful resources below!

Choosing a Name and Mission Statement

First and foremost, come up with a mission statement that establishes the need for your business and identifies how you intend to add value to the world.

Get inspiration from other nonprofit mission statements.

Come up with a name that matches the mission, style, and culture of your organization.

Create a logo for your nonprofit with a free logo maker that allows you to choose a logo template and customize it with your own copy, font, and colors.

FIME_Non_Profit_Feature_Organization
Source: Pexels

How to Structure Your Nonprofit

First and foremost, come up with a mission statement that establishes the need for your business and identifies how you intend to add value to the world.

Get inspiration from other nonprofit mission statements.

Come up with a name that matches the mission, style, and culture of your organization.

Create a logo for your nonprofit with a free logo maker that allows you to choose a logo template and customize it with your own copy, font, and colors.

How to Structure Your Nonprofit

There are a couple of different ways to structure a nonprofit, so make sure you review your options and pick the one that best aligns with your goals.

Until your nonprofit grows a little bigger, you may consider operating as an informal nonprofit for now.

If your state allows it, incorporating your nonprofit as a corporation or LLC will offer liability protection and tax advantages.

If you want to learn more about business structures along with gaining leadership, communication, and decision-making skills, enroll in an online MBA program.

Fire_In_Me_Real_Estate_Investing_Fund
Source: Pexels

Applying for Funding and Tax Exemption

Applying for funding and tax-exempt status is the most important part of launching a nonprofit, so don’t miss this step!

Look to grant opportunities, both from the public and private sectors.

Tax exemption will help you avoid certain taxes, increase the credibility of your nonprofit, and allow you to collect tax-deductible donations.

Contact an experienced tax professional if you need help navigating this step.

Marketing Your Nonprofit

Promoting your nonprofit is the fun part. Get on social media, host some local events, and start spreading the word!

Many nonprofits start with a simple social media page to raise awareness about their cause.

Consider hosting local events to raise funds for your nonprofit and spread the word.

Earning a living while working for a cause you really care about makes for a very fulfilling career. If you’ve been inspired to launch your own nonprofit, get started today! The sooner you can tackle the logistical and administrative details, the sooner you can start having a positive impact on the world.

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Lucy Reed

Author's Corner

Lucy Reed has been starting businesses since she was a kid, from the lemonade stand she opened in her parent’s driveway at age 10 to the dog walking business she started while in college. She created Gig Mine because she was inspired by the growth of the sharing economy and wanted to make it easier for entrepreneurial individuals like herself to find the gig opportunities in their areas.

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