Legal Essentials of Starting a Nonprofit Organization (Part 1 of The Foundation Center's Webinar Series for Nonprofit Startup Organizations)
Are you considering starting a nonprofit organization, or do you already run or work for a nonprofit startup? The Foundation Center held a special five-part webinar series just for you, and now you can view all the recorded webinars. A strong nonprofit needs a vital mission, clear lines of accountability, reliable and diverse revenue streams, and high-quality programs and services. This webinar series guides you through these issues to help you start off on solid footing and learn to build an effective organization.
Part 1: Legal Essentials of Starting a Nonprofit Organization
Is your nonprofit group ready to incorporate and become a 501(c) (3) organization, eligible to receive tax deductible contributions? Learn the answer to this critical question and find out how to draft the certificate of incorporation, hold organizational meetings, adopt bylaws, and apply to the Internal Revenue Service for 501(c) (3) status.
Stephen Falla Riff is a graduate of the Rutgers University School of Law where he was an articles editor for the Women's Rights Law Reporter and editor-in-chief of the Rutgers Law Record. Mr. Riff is now a senior staff attorney with the Legal Aid Society's Community Development Project where he represents low-income small businesses, community-based nonprofit organizations, and groups that develop and preserve low-income housing. Mr. Riff is a frequent speaker at seminars and workshops for the bar and for the general public.
Download the presentation handouts (PDF, 222KB)
02:16 Part I – Is Your Organization Ready to Incorporate and Become a 501(c)(3) Tax Exempt Organization
06:47 Part II – Not-for-Profit Incorporation and Related Matters
07:04 Steps to Not-for-Profit Incorporation
09:25 Certificate of Incorporation
14:46 Hold an Organizational Meeting
16:52 Hold Good Meetings
18:57 Other Forms of Nonprofit Organization
20:40 Registration Requirements for Charitable Organizations
25:27 Which Nonprofits are Eligible for 501(c)(3) status?
26:26 Applying for 501(c)(3) Federal Tax Exempt Status
28:13 Key Elements of the Form 1023
31:50 State and Local Tax Exemption
39:35 Limits on 501(c)(3) Tax Exempt Organizations
40:38 Limits Related to the Operational Test
44:26 Public Charities vs. Private Foundations
46:07 Federal Reporting Requirements for Exempt Organizations
47:20 Fiscal Sponsorship
51:00 Importance of Continuing The Foundation Center’s Webinar Series for Nonprofit Startup Organizations
Other parts in this series: