The principal benefit of a registered non-profit organization is its tax-exempt status. Take a look at some of the criteria you will need to meet to become – and to remain – a registered non-profit.
If you try to take the weight of the world on your shoulders, your organization will be in jeopardy from the start. Let Sunrise Credit Union advise you on maintaining a reasonable scope for your organization while still helping as many people as possible.
Non-profit organizations have a lot of the same insurance needs as regular businesses. So talk to us at Sunrise Credit Union and ensure that you're covered for all possibilities.
Whether you're trying to convey information to the people who need your service, or getting the community's attention to ask for their help, marketing plays a vital role for any non-profit organization.
The majority of your funding will likely come from small, individual contributions. Sunrise Credit Union can help you make it easier for the community to support your organization financially.
If your non-profit is filling a vital role and you have the experience necessary to do the job, your organization may be eligible for specific grants to help you get started.
There may come a time when it's necessary to close down your non-profit. Whatever the reasons are, make sure that you've looked at all of your options before you cease operations.
Populating the board of directors is a critical step when starting your non-profit organization. A Sunrise Credit Union advisor can give you suggestions about what to look for in your directors.
Every organization needs to have rules. A constitution and bylaws will help establish and formalize the rules of your organization. Establishing these ensures everyone from the board chair to the one-time volunteer is marching to the same drum.
Inefficiency is expensive, and since the people who suffer from undue expenses are the people you want to help, you need to consider your non-profit's structure carefully.
Although you may have many volunteers, most non-profits have at least a few paid employees. As with any company, you'll need a payroll plan in place to take care of your staff.
Most people only give money when asked. Therefore, it's essential to know who to ask, when to ask, and how to ask if you want to successfully raise funds for your non-profit organization.
Make it easy for potential contributors to help you financially. Setting up a merchant credit card account is a simple way to achieve this.