Non Profit Organization as EC Questions.

[Verum]

Whenever i see someone with "Starting A Non Profit Organization" it puzzles me what they meant. Do they mean a 501(c)(3) non profit organization that went through the application process (tax exempt etc) or just a random college club with a mission?

I am thinking of starting one that fits my interests and am reading up on the laws and regulations that governs such activities. I doubt i will be asking for donations or anything like that but i don't want to get caught up in some IRS audit.


Where can i get more information on starting a non profit? Those that went through the 501(c)(3) process, any tips and tricks you can share?

Thanks

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[Frazier]

1. Google is your friend.

2. The nonprofits that are federally recognized (501 jazz) and are started by "young individuals", typically really come from rich/connected parents (legal/filing fees, etc).

3. It is a pain in the ass even if one's rich parents do all the footwork... just leave it as a mere "organization" and call it a day.

PS: It isn't a unique EC anymore. Maybe a decade ago, before the sea of premeds consumed most concepts.

 

[Verum]

I have a pretty good idea for a successful NonProfit. Will it hold more weight if it's 503 or just listed as an organization though?

 

[Frazier]

I have a pretty good idea for a successful NonProfit. Will it hold more weight if it's 503 or just listed as an organization though?

Look at it in this fashion: either way, it isn't gonna make or break your app.

 

[notbobtrustme]

Most of them are just non-profits in name only as well. A lot of kids just fill out the paperwork and sit on the non-profit to up their application.