Category: NTCGives

Are You Starting a Non-Profit? Here’s What You Need

Starting a Non-Profit can be the best decision for what you want regarding business and giving back, but what does it require? Before you start thinking of how you will handle donations, here are some steps you will need to run a great non-profit organization from the start.

 

Non-profits require planning just like any other business. You need to know your purpose, direction and whether or not it is the right fit for what you are trying to accomplish. Before you start, you need to ask yourself these questions:

1. What is the primary objective?
2. What audience am I trying to reach?
3. Is opening my organization truly necessary?
4. What is the plan or timeline?

As you begin to think about these question, you will be able to start a draft of your business plan. Having one will help you when it is time to fill out your form 1023 for Tax exemption, to map out a marketing plan and even fundraisers in the near future. Knowing how you are staring and where you are headed will help you make the process a lot smoother.

Another thing to consider is what you require to start. Not only do you need to count the time and effort, but the actual cash you need to start this venture.

The initial costs you must consider are:
1. State filing costs
2. Incorporate Your Nonprofit & Establish Governance

Aside from the costs to start you need to consider and understand the complete paperwork and marketing costs that will require your organization to bring in donors and advocates of your cause. Considering answering these questions:

1. Who are you (organization)?
2. What do you do?
3. What are the benefits of supporting your cause?
4. Why should they (audience) choose you?
5. Why should they believe in you?

Based on these you will be able to build an idea of crucial investors, advocates, and donors that will make your organization prosper.

There are plenty of more things to consider, but these are the necessary steps to get you started on the road of non-for-profit success.

Posted in NTCGives, Small Business Improvement Tagged with: business, business men, donations, entrepreneur, entrepreneurship, filing, fundraiser, incorporate, non-profit, organization, taxes

LOVE IS IN THE AIR

LOVE FEST PICNIC 2013  which was held Saturday of November 23rd, 2013 at CB Smith Park, Pembroke Pines-Pavilion #19, is a SUCCESS. The picnic crams more than 4,000 needy families with over hundreds of volunteers from 10AM until 3:00PM. A day long festival of games, shows, arts and crafts, barbecuing and donations. Mark Fravel, National Transaction Corporation’s President, is one of the sponsors of this annual festival. Prestige Club is a non profit organization, established in 1996. Its purpose is to encompass a networking group of business leaders and help promote their services and skills to the community, while at the same time organizing various fund raising, charity, and educational events towards the advancement of less fortunate people of Broward County and National Transaction Corporation has been a key participant for 10 years now. Prestige Club is a resource of members who share an uncompromising

 

passion to raise revenue to assist children and young adults who have suffered or are in need of assistance and National Transaction Corporation are in the same mission to offer love, compassion, support, and assistance to families and children in need. More Love Fest to come, bigger and better every year. NTC and Prestige Club welcomes visitors and friends to attend next year’s event. We will start the year with Prestige Annual Renaissance Ball come January 18^th, 2014. For further inquiries please go to this website www.prestigeclub.org

 

 

Posted in nationaltransaction.com, NTCGives