Sexy New Form of NonProfit
Discovering and Exploring the Easiest Way to Start and Run a Nonprofit
I like to work smart, not hard. I currently run several nonprofits and have for many years but have never kept any bookkeeping, done any accounting, or ever been to the bank to make a deposit. I have been able to run these nonprofits from anywhere in the world and not one on my staff does any of these types of activities, but instead devotes 100% of their time to our projects, not office work. One hundred percent of everyone’s time that is involved in our nonprofits is spent on developing our programs, fundraising, and executing our programs. In fact, running our nonprofits is so easy that anyone could run a successful nonprofit. The difference is in how we run our nonprofits, by working smart not hard. Read on and I will explain the easy way to run a nonprofit 501c3 versus the hard ordinary way. You can then decide for yourself which you prefer.
The New (not so new) Way of Starting a Nonprofit
Many spend weeks, months or even years wading through the process to start, learn to fund and run a successful nonprofit. Many refer to starting their own nonprofit as a “dream” because it seems like getting a nonprofit formed is such a hard thing to accomplish. However, starting, learning to fund and running a successful nonprofit is something we help people do every day with just a few easy steps. Running an independent nonprofit, for many, has become outdated, cumbersome and not very agile to make quick effective changes when needed. Yet there is a sleek, sexy, and streamlined form of nonprofit coming on the scene.
Let’s explore a process of starting a nonprofit you may not have known even existed. There is an easy way to start and run a nonprofit and then there is the ordinary way which is a lot more difficult. After reading this post you may decide that anyone could run a nonprofit, and I believe they can. Many who I talk with do not know that a nonprofit can be started and efficiently ran with 501c3 status through an entity called a fiscal sponsorship. Simply put, a fiscal sponsorship allows a nonprofit project to be created inside of an already existing independent 501c3 nonprofit. This eliminates the creation hassle and IRS approval that takes many months including the absorbent fees to do so. By starting a nonprofit through fiscal sponsorship, an organization can have nonprofit status in a few weeks without much in the way of start up fees. This enables those that want to do nonprofit work an easy and inexpensive way to form and run a nonprofit while having it up and running within weeks, with many added benefits.
Fiscal Sponsorships are becoming a quite popular and a much sought way of starting and running a nonprofit. In this short post I will introduce you to the Fiscal Sponsorship way of setting up and running a nonprofit to help you explore this option as a viable and less expensive way to have your nonprofit organization up and running with less hassle than you ever thought possible.
What Every NonProfit Needs
The main reason an organization would want to have tax exempt nonprofit status is to appeal to its financial contributors by granting them tax deductions on their gifts. The second reason tax exempt status is appealing is to gain access to grants (free money that does not have to be repaid) that is available from any number of government and foundation organizations. Fiscally Sponsored nonprofits as well as independent nonprofits both enjoy these two sought after benefits. However, there are more things to consider when starting a nonprofit.
The Painful Part of a NonProfit Business
A main consideration in starting either a fiscally sponsored or independent nonprofit is in the amount of administration that can be associated with running either of them. A real factor in running any business is the time or ongoing expenses you will spend accomplishing the administration. Many times a fiscally-sponsored nonprofit frees up the majority of the employees’ time to do the actual projects instead of the administration and paperwork.
The administration for a nonprofit is a real consideration, and you are either going to do it yourself, hire staff to do it, or outsource it to professionals (bookkeepers, CPAs, etc.). Many find that doing the administration for a nonprofit is time consuming, tedious and labor intensive. Those that decide to hire staff or outsource the administration find that option expensive. What if there was a way to get all the administration done at a fraction of the cost while not having to do it yourself?
All the Fun, None of the Paperwork
Many find, by setting up a fiscally sponsored nonprofit, they can have all the benefits of a nonprofit they desire and none of office work they don’t. Ocean Grand understands that office work can get in the way, while consuming large amounts of time, and instead has a virtual staff that takes care of all the nonprofit’s administration, accounting, bookkeeping, banking, and even the quarterly and end of the year filings. Imagine the ease of starting a nonprofit and not needing to worry about any of the office work and instead are free to spend all your time doing fundraising and programs, leaving the office work to a highly trained and efficient staff.
Through a fiscal sponsorship, Ocean Grand sets your fixed costs on administration at 8% which is much lower than outsourcing it would ever be. In addition, the virtual administration staff that will be working on your nonprofit paperwork is highly experienced in nonprofit administration so you know the work will be done right every time.
Work Smart Not Hard
For many years I have enjoyed the benefits and joys of running several fiscally-sponsored nonprofits and never once had to think about the time or expense of their administration. Instead, I have been able to concentrate 100% of my time and energy on the continued success of the programs and fundraising and leaving the administration and office work to a highly trained staff that only costs a fraction of what hiring professionals or even my own in house staff would cost. A fiscally-sponsored nonprofit affords me all of the pleasure and benefits of a nonprofit without all the hassle usually associated with running a business. Along with me, thousands around the world enjoy this simple and effective way of running a nonprofit. Through Ocean Grand, in just a couple weeks you could have your own nonprofit operational at just a fraction of the cost of setting up and running an ordinary much more difficult nonprofit.
NonProfits that are fiscally sponsored have been around for over 40 years and the reason you are not familiar with them is that they operate, do the same great nonprofit work, enjoy the same benefits and look just like any other nonprofit.
Click here to learn how you can Start and run a NonProfit the Easy Way
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