Delaware Association of Nonprofit Agencies
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June 27, 2008
9:00am-12:30pm
Finance Friday: Financial Basics for Nonprofit Managers
Part of our Finance Fridays program.

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infocentral
Nonprofit Startup
Frequently Asked Questions

  1. Before you begin, some issues to consider.
  2. Five alternatives to starting a nonprofit.
  3. Starting a nonprofit: some early preparation.
  4. What are the key steps in forming a nonprofit?
  5. What forms and documents do we have to file?
  6. What takes place at our first board meeting?
  7. Who can I contact at the IRS that can help?
  8. Five reasons to incorporate your nonprofit
  9. Do I need a lawyer to do this, how much should it cost?
  10. How do I apply for a nonprofit mail permit?
  11. Can a nonprofit be a business?
  12. How should our board be structured?

What takes place at our first board meeting?

The following actions should be taken at the Organizational Meeting of nonprofit corporation by Board of Director resolution:

  1. Adopt a form for the minutes of the Board meeting.
  2. Adopt bylaws.
  3. Elect Directors and Officers.
  4. Authorize the application for Federal IRS tax exempt status.
  5. Authorize the application to United States Postal Service for third class bulk mailing rates.
  6. Authorize a corporate bank account.
  7. Authorize the payment of organizing expenses and filing fees.
  8. Authorize the establishment of a ledger and appropriate corporate records.
  9. Adopt a fiscal year for the corporation.
  10. Designate Chairpersons and members of committees.
 
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