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There are lots of websites with information about setting up a non-profit. Keep in mind that there are Federal Laws as well as state laws, so you'll need to check on specific requirements in your state. Check out http://www.non-profit-services.org/ AND www.charitynetusa.com AND http://grantspace.org/Tools/Knowledge-Base/Nonprofit-Management/Establishment/Starting-a-nonprofit

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Q: How do you set up a non profit organization?
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IRS Code 503 specifies the requirements for Non-Profit Organizations. It tells how you set up such an organization and what requirements are for such a group.


When a church sets up a 501c3 what does it mean?

A 501 c 3 sets it up as a non-profit organization that can be tax exempt and you can contribute to it as a charitable organization.


What is non profit organization?

AnswerA non-profit organization is one that, by law, is unable to hold or distribute profits like a "for-profit" organization can. This means that the non-profit company is required by law to redistribute any "profits" back into the company (in the form of salaries, new capital, etc), or to other non-profits or to charity. This also means that non-profit companies do not have the ability to issue or sell stock/shares and, therefore, cannot pay dividends on any earnings.Furthermore, non-profit companies may be required to have an unpaid (volunteer) board of directors with a larger number of directors than a business corporation.Although some non-profits may run very similar to some for-profit companies, the laws restricting the two are very different.Non-Profit Organizations are mainly those which is set up for philanthropic purposes. Social Organizations that collects money and utilize for some social work, is one example, but there are thousands of others.It should also be noted that a non-profit organization is not necessarily "tax-exempt" and may have to pay income taxes and collect sales taxes on its products and services.AddendumNote that a Non Profit Organization should not be confused with a Non Governmental Organization.


Do Green Bay Packers produce profit?

The packers are the only team that is publically owned. The city of Green Bay has a set number of shares that are handed down from generation to generation and with this stock is included season tickets to home games. The most valuable season tickets are n.y. giants tickets which are included in wills and like green bay are handed down to surviving relatives. An organization can make a profit AND be a non-profit organization. A non-profit organization is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals. By this definition, yes, the Packers are a non-profit organization. Any organization (business, non-profit, etc) that runs a deficit is not going to last very long. Short answer: Yes..


Can a non-profit organization open a merchant processing account to accept donations via credit card?

Yes, a non-profit organization can open a merchant processing account for the purpose of accepting credit card donations. However, the non-profit organization must go through the same process as any other business, so the approval process can be lengthy. Also, the fees charged by the bank may vary. The advantage is that the non-profit organization will receive the credit card donations more quickly and the name of the non-profit will show up on the donor's credit card statement.


What is a nonprofit organization?

AnswerA non-profit organization is one that, by law, is unable to hold or distribute profits like a "for-profit" organization can. This means that the non-profit company is required by law to redistribute any "profits" back into the company (in the form of salaries, new capital, etc), or to other non-profits or to charity. This also means that non-profit companies do not have the ability to issue or sell stock/shares and, therefore, cannot pay dividends on any earnings.Furthermore, non-profit companies may be required to have an unpaid (volunteer) board of directors with a larger number of directors than a business corporation.Although some non-profits may run very similar to some for-profit companies, the laws restricting the two are very different.Non-Profit Organizations are mainly those which is set up for philanthropic purposes. Social Organizations that collects money and utilize for some social work, is one example, but there are thousands of others.It should also be noted that a non-profit organization is not necessarily "tax-exempt" and may have to pay income taxes and collect sales taxes on its products and services.AddendumNote that a Non Profit Organization should not be confused with a Non Governmental Organization.


What is the best way to set up a non-profit organization?

I would recommend contacting an attorney as they are the experts on law. This way you are covered in the event of some mistake or miscommunication. http://managementhelp.org/startingorganizations/start-nonprofit.htm


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You need to have a charter of incorporation for your non profit. You also need to make sure that you have any proper insurance that is needed.