Hello,\nI am starting a very small non profit organization and I will soon be soliciting donations.  I am wondering what kind of account I should open for this type of entity.  Since I am starting with just 2 people, I expect very little, if any donations for a few months so I dont know what kind of accout is suitable for this.\n\nthank you for the help.
205542
You will need to go into a bank and speak to an advisor.
86459
Check Guidestar which archives Non Profit Tax Forms (990's).\nYou will have to sign up, but its free to use.
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Always check out a company through the Better Business Bureau: http://search.bbb.org/\n\nFor a nonprofit, use one listed with the NFCC or AICCCA: http://www.debtadvice.org/takethefirststep/locator.html\nhttp://www.aiccca.org/ \n\nFor self-help guidance, consult the debt articles on Bankrate.com. All the advice is free. Good luck!
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Usually the HUD people will help relocate them. Check into it before you start fundraising. Also if you don't form a non-profit status, you will have to pay income tax on any money you raise, even if you do give it away. Hope those people are ok though.
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This page contains GREAT links on how to start a non profit business\n\nhttp://www.lib.msu.edu/harris23/grants/znpbib.htm\n\nTo get you started on the road to fund raising, I suggest you check out Foundation Center. They have trainings on how to start a non profit and various databases containing information on funding institutions.\n\nhttp://fdncenter.org/\n\nFor detailed information on how to start a non profit, I suggest you read the following books:\n\n- Starting and Running a Nonprofit Organization -- by Joan M. Hummel\n- Starting and Running a Non-Profit Made Easy by Entrepreneur Press, David H. Bangs\n- Starting & Building A Nonprofit: A Practical Guide by Peri Pakroo
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I have found a website that compiles various resources on starting a non profit. I especially like the Minnesota Council of NonProfits because the site gives information on governance, developing strategic alliances, fund raising and other ingredients of successfully running a non profit. \n\nhttp://www.lib.msu.edu/harris23/grants/znpbib.htm\n\nAs for funding your non profit, I suggest you check out Foundation Center to help you gain ideas on how to properly establish your organization and get support from private foundations. They have the most extensive database of private donors, and they publish a magazine that can be very helpful to your new non profit.\n\nhttp://fdncenter.org/getstarted/tutorials/establish/index.html\n\nI was previously involved in the setup of a non profit, and we were able to get a pro-bono lawyer who set up everything for us, including getting the 501c3 tax status. Contact other non profits in your area and check if there are lawyers willing to work for free to get you started. \n\nFor detailed information on how to start a non profit, I suggest you read the following books:\n\n- Starting and Running a Nonprofit Organization -- by Joan M. Hummel\n- Starting and Running a Non-Profit Made Easy by Entrepreneur Press, David H. Bangs\n- Starting & Building A Nonprofit: A Practical Guide by Peri Pakroo
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" Hello my name is (Fill in the Blank) I am running for (Fill in the Blank) and i was wondering if you or your company would support and contribute to my campaige for (fill in the blank)". \n\nI dont know if that will work but i dont see why not. LOL. Its always beter to have someone else do it for you. Asking if they will support and donate $$$ to the running of (fill in the blank)\n\nHope that works and GOOD LUCK !!!
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What you did was so great. It's nice to hear of these very positive stories.\n\nI have found a website that compiles various resources on starting a non profit. I especially like the Minnesota Council of NonProfits because the site gives information on governance, developing strategic alliances, fund raising and other ingredients of successfully running a non profit. \n\nhttp://www.lib.msu.edu/harris23/grants/znpbib.htm\n\nAs for funding your non profit, I suggest you check out Foundation Center to help you gain ideas on how to properly establish your organization and get support from private foundations. They have the most extensive database of private donors, and they publish a magazine that can be very helpful to your new non profit.\n\nhttp://fdncenter.org/getstarted/tutorials/establish/index.html\n\nI was previously involved in the setup of a non profit, and we were able to get a pro-bono lawyer who set up everything for us, including getting the 501c3 tax status. Contact other non profits in your area and check if there are lawyers willing to work for free to get you started. \n\nNon profits are just like any business - you need to get the word out in order to get the needed funding to help support your activities. Here are some tips to help you market your non profit:\n\n1. Determine your your target audiences: who are the groups and audiences that your non profit wants to reach. Remember that one target group may respond differently to a marketing message as another group so make sure that each strategy is tailor made for each audience.\n\n2. Develop a communications strategy, creating timelines for marketing efforts such as newsletters, press releases, special events, and others.\n\n3. Develop a visual image. Prepare your logo and other branding tools - and use them consistently across various mediums. Make sure that you repeat your branding messages, slogans in everything you make from brochures to newsletters.\n\n4. Employ multiple communications tactics: Nonprofit organizations often target several audiences, which may respond to different approaches. Various communications campaigns can help establish and maintain a more widespread positive image.\n\n5. Select and use appropriate media: Plan to use a combination of approaches best suited to reaching your targeted audiences and that make best use of your financial resources. Include a variety of methods including phone calls, letters, e-mail, newsletters, PSAs, press releases, and editorials.\n\nFor detailed information on how to start a non profit, I suggest you read the following books:\n\n- Starting and Running a Nonprofit Organization -- by Joan M. Hummel\n- Starting and Running a Non-Profit Made Easy by Entrepreneur Press, David H. Bangs\n- Starting & Building A Nonprofit: A Practical Guide by Peri Pakroo
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Money donated should be recorded as revenue. It may be appropriate to recognize the contributed services as revenue; you should review SFAS 116, excerpted below.\n\nContributed Services\n\n9. Contributions of services shall be recognized if the services received (a) create or enhance nonfinancial assets or (b) require specialized skills, are provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation. Services requiring specialized skills are provided by accountants, architects, carpenters, doctors, electricians, lawyers, nurses, plumbers, teachers, and other professionals and craftsmen. Contributed services and promises to give services that do not meet the above criteria shall not be recognized.\n\n10. An entity that receives contributed services shall describe the programs or activities for which those services were used, including the nature and extent of contributed services received for the period and the amount recognized as revenues for the period. Entities are encouraged to disclose the fair value of contributed services received but not recognized as revenues if that is practicable.\n\nAre there unconditional 'promises to give' to the non-profit? If so, these would be revenue as well.\n\nKeep in mind that if you're recording the above revenues, you'll need to also record the corresponding expenses
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You can open a community account and you will pay reduced fees if you are non profit making for this element of the business.  You should have more than 1 signatory on the account, maybe yourself and any one of 2 others.  You and they can then write cheques and withdrawal slips with the protection a single named account does not have.  Most of the banks and building societies run them, Barclays do a good one and so do Nationwide.  You will need to go in though and not do it online.
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If the customers/clients operate as Charitable Organizations, then any person or company can donate to them.   But you can not not make a legally deductable donation to any 'for profit' companies or private individuals.\n\nAre you sure they are actually making 'charitable donations' that they write off as such to the IRS or is it just an expression they use for financial incentives?\n\nNot clear from your question exactly how you are involved in the situation -Do you get paid by the customers to make sure they get the 'donations' from your company, or does your company pay you to promise donations to the customer?  \n\nEither way, if it is not legal you are right in the middle of it.  It might be time to consider other career options.
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They can strongly encourage it, but you can't be forced to do anything.\n\nIt looks good for a company (and an employee too) if there's high participation in community donations and volunteering.\n\nIf you can afford a small donation, just do it as it goes toward a good cause.  Volunteering is the same.
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I've tried many so called "opportunities" in the past in which I had to pay money to get involved only to find out that I had to give more money to stay involved.\n\nI have been involved with this company about a month and I like it very much. There are NO sign-on, enrollment, maintenance, or other hidden fees at all. That's very impressive to me. I finally found a company that gives you free enrollment, free website, free accounting software, and free support.\n\nIf your interested in this rare opportunity, please e-mail me and I will set you up today and you can start your business today.
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Hit up the people you know that you pay money to every year.  For instance, your dentist, your doctor, your lawyer or financial advisor.  These people like your business and know that you pay them for their services.  If you hit them up for donations they're more likely to accomodate seeing as they'd like to help, it's a write off and they want to keep your business.  Same holds true with banks.  If you have an account in good standing at your local bank solicit their marketing department for supplies.  Donations of this type will sometimes fall under what's called the Community Reinvestment Act and is a requirement of banks to participate in.  Part of giving back to the communities that they do business within.  You'll need to furnish all these people with copies of your Federal tax ID so they can write off these donations.  Good luck!
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It all depends on what is if for. Since I will be spending this dollar, I believe at least I need to know what is it for. I would usually do it if it's for a good cause (feeding kids, paying for a hospital bill, etc). If you're asking for this donation to buy liquor, drugs, etc, I would rather send you an advice that hopefully would make you think twice about these topics.
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Start with Dear Sir/Madame.  Then go into a brief explanation of what the Homestead Job Corp. is. Then  explain what you would like to do and ask if there is anyway that they (the business you contact) can help.  Usually most business like to have at least 30 days  or more to decide if they want to make a donation.So include a deadline for responce or get business cards and follow-up in a couple of weeks.)  Print the letter on Homstead Job Corp. letter head paper and make sure you include a phone number for them to rach you if they have any questions.  I have collected donations over the years for our conferences and some places are generoud while others are not.  A starting place would be businesses in you neighborhood perhaps once that you contribute to like grocery stores, office supplies.  Oh.. and ask your city and state government officials to give donations.  Also the school board members like to make donations to such a worthy cause.  Good luck!
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Non-profit does not = not making money.  It also does not mean volunteer.  A non-profit corporation plows all the money it makes beyond salaries and operating expense either back into the business or distributes the money for a charitable purpose.\n\nA non-profit is defined by its tax status, not by whether or not it brings in a lot of money.  The Red Cross, for example, has many many local branches and brings in millions.  But it is non-profit. \n\nA properly-organized credit union is tax-exempt under 501(c)(1) of the Internal Revenue Code.