Setting Up a Charity or Not-for-Profit Organization

I will cover 30 Steps involved in setting up a 501(c)(3) charity or not-for-profit (“NFP”) organization and how to start operating it. Included will be IRS and state filings, initial contribution deductibility before IRS approval is granted, methods of raising revenues and unrelated business activities, volunteer and paid staff, the public database, tax exempt purchases, raffle license procedures, getting a terminated NFP reinstated, resources available to assist the NFP in its organizational period, maintaining records, financial reports and audit requirements, personal responsibilities of directors and insurance coverage for directors. Also covered will be when a public charity can become a private charitable foundation and the differences. All of this will be covered in the one-hour webinar. A PDF of the PowerPoint slides will be distributed to all attendees after the presentation.

The program is part of the Take a Business Break Series I have been presenting for the East Brunswick Public Library since COVID started and is co-sponsored by Withum, and is free. It will be on Zoom, and you must register in advance. Here is a link.

For those that do not know me, I am an emeritus partner at Withum, one of Accounting Today’s 100 Most Influential People, the author of 30 books and an adjunct professor at Baruch College. I am also accredited by the American Institute of Certified Public Accountants as a personal financial specialist. I look forward to “seeing” you Thursday.