What You Need For a Non-Profit Organization
There are a number of people who are still confused about non-profit organizations, which are known to be as not for profit businesses or commonly known as charities. Because a non-profit organization has no profit with what they are doing, they get their funding from donations instead. Donations can actually come from a wide range of ways but not limited to grants, business or gifts from people and the sole purpose of the donations must be used to further improve the organization of the organization's mission, http://www.ehow.com/how_7513384_dealership-donate-vehicle.html.
As defined by the IRS or Internal Revenue Service, charitable purposes can be academic, scientific, literary, testing for public protection, cultivating national or international amateur sports levels of competition, stopping abuses to animals and children and spiritual.
It actually is really difficult at the beginning of the non-profit organization because of stop short of completing due to the problems they will face in the long run and most of the cause for these stop short is because of lack of information in creating the car donations organization. The creation process is actually relatively easy as knowing the steps you need to face to create a non-profit organization.
To form a non-profit organization, filing a non-profit article of incorporation with the state business is to be done initially. Get an employee identification number and draft bylaws for the board of directors to ratify and manage the non-profit organization. Opening a bank account for the non-profit organization will likely follow afterwards. When this is done, create a board of directors and lastly, you will need to fill out and file the IRS 1023 form with the IRS.
When you follow the above steps carefully, then the formation of the non-profit organization is complete. However, the only part in the above steps that you need to take more action and perhaps an expert is the IRS Form 1023 as this form is completed without problems. So extend more time in knowing this form and spend adequate time to it. When completed, file the IRS Form 1023 with the IRS.
To have an organized way of processing the completion of the non-profit car donations for wounded warriors organization, have the following information created before anything else.
You should have a ready Non-Profit Organization Information, organization name, organization address, organization phone number, organization fax number, organization email address, The Purpose Statement, a concise and clear Mission Statement, a resume for each Board Member, 3-5years budget, a detailed fundraising plan and description of the organizational structure and lastly, formation and description of the programs and activities of the non-profit organization.
Before attempting to make the main documents, spend time and go through the whole process first and understand thoroughly. When the above documents are created and filed properly, then the non-profit organization will be a legal entity.