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FORMING A NEW NONPROFIT ORGANIZATION First Run Broadcast: March 22, 2012 1:00 p.m. E.T./12:00 p.m. C.T./11:00 a.m. M.T./10:00 a.m. P.T. (60 minutes) Forming a new nonprofit organization is every bit

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How to fill out forming a new nonprofit:

1. Research and understand the process: Start by familiarizing yourself with the requirements and regulations for starting a nonprofit in your specific jurisdiction. This may involve consulting legal resources or seeking advice from professionals experienced in nonprofit formation.
2. Develop a mission statement: Clearly define the purpose and goals of your nonprofit organization. This statement will guide all future decisions and activities.
3. Choose a legal structure: Decide on the legal structure that best suits your nonprofit, such as a charitable trust, association, or corporation. Consider factors like liability, governance, and tax-exempt status.
4. Name your nonprofit: Select a name that accurately represents your organization's mission and is not already registered by another entity in your jurisdiction.
5. Draft bylaws: Create a comprehensive set of bylaws that outline the internal governance and operational procedures of your nonprofit. These should include information about board structure, membership, meetings, voting rights, and conflict of interest policies.
6. Appoint initial directors: Select individuals who are committed to your nonprofit's mission and have the necessary skills and experience to serve on the board of directors. Ensure that they understand their roles and responsibilities.
7. File necessary paperwork: Prepare and submit the required documents to the appropriate state or national government agencies. This typically includes articles of incorporation, which officially establish your nonprofit as a legal entity.
8. Apply for tax-exempt status: If your nonprofit intends to be tax-exempt, you will need to apply for recognition of your status from the relevant tax authorities, such as the Internal Revenue Service (IRS) in the United States.
9. Develop a fundraising strategy: Determine how your nonprofit will generate the necessary funds to support its activities. This may include grant writing, individual donations, corporate sponsorships, or fundraising events.
10. Implement financial and operational systems: Establish accounting procedures, banking relationships, and reporting mechanisms to ensure the proper management of your nonprofit's finances. Additionally, create policies and procedures for program delivery, volunteer management, and administration.

Who needs forming a new nonprofit:

1. Individuals with a passion for creating positive change: Those who are dedicated to addressing societal needs or promoting a specific cause often seek to form their own nonprofit organizations. They want to bring like-minded individuals together to work towards a common goal.
2. Community leaders and activists: People who have identified a gap or an underserved area in their community may opt to start a nonprofit to address those specific needs. They may have experience or knowledge in the area they aim to serve and want to make a significant impact.
3. Philanthropists and donors: Individuals who have financial resources and a desire to make a lasting difference may choose to start a nonprofit as a way to support causes they are passionate about. By establishing a nonprofit, they can channel their resources and leverage their networks to maximize their philanthropic impact.

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