5 Things to Start a 501(c)3 Nonprofit Starting a nonprofit can seem overwhelming, but it doesn’t have to be. We’ve consolidated and streamlined all the requirements into our online platform, creating the “easy button” to launching your nonprofit.
Nonprofit Name You’re starting a nonprofit organization because you want to make an impact, and the best way to honor the people you’ll need to reach with your message is by putting enough thought into your nonprofit name
Physical Address This cannot be a P.O. Box, it has to be some sort of physical address. You can use your home address and this can easily be changed later.
Nonprofit mission statement Your mission statement should act like a magnet – irresistible to anyone who might be interested in promoting or supporting your organization
Board of Directors Your board members are the strategic leaders of your nonprofit and have the responsibility of making sure your organization follows nonprofit law and adheres to its mission. You need a minimum of three people, it can be more, but it should be an odd number.
Annual budget You need to have an idea as to what your projected annual budget is going to be for the first 3 years of your operations. This is an estimate for the purpose of choosing one of the two IRS applications required to file for 501(c)3 taxexempt status.
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