Page 4 - Nonprofit Startup & Sustainability Guide

NONPROFIT DEVELOPMENT PLANS
STARTUP SUSTAINABLE THRIVING
MONTH 1: ASSESSMENT & VISION CASTING
Understand Purpose & Objectives of Nonprofit
On-site Review of Services Already Provided (if any)
Identify Target Audience & Client Type
Develop Mission Statement
Develop Vision Statement
Brainstorm Branding (logo, colors, etc.)
Identify & Approach Potential Members/Officers of the Board of Directors Determine Any Structural Issues
MONTH 2: FOUNDING DOCUMENTS (Varies by State)
Apply for IRS Employer Identification Number (EIN)
File Articles of Incorporation (separate application fee)
Apply for IRS Exemption - 501(c)(3)
Apply/Register for State Exemption Application
Submit Solicitation of Contributions Registration Application (separate application fee)
MONTH 3: FINANCING & ORGANIZATIONAL POLICIES
Research Best Banking Options & Promotions
Create Board Development Documents for Recruitment
Establish Signing Authority Among Officers
Open Bank Account
Create Basic Financial Plan
Create a 1-3 year Budget
Develop Fiscal Policy
Set-up Financial Software (i.e. Quickbooks - separate fee)
Establish Accounting Policies/Periods & Select Accountant
Create Organization Bylaws
Develop Conflict of Interest Policy
Develop Records Retention Policy
Obtain Organization Insurance: general liability, property, professional responsibility (if applicable), sexual abuse (if applicable), volunteer, and non-owned auto liability (if applicable).