What is a nonprofit?

“A nonprofit organization is a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers.”[1]

“Nonprofit corporations enjoy an exemption from corporate income taxes on profits from activities that are related to their organizational purpose. Also, a nonprofit is permitted to raise funds by receiving public and private grant money and donations from individuals and companies. (And the tax laws encourage people and businesses to donate money and property by allowing donors to deduct their contributions on their own tax returns.) Finally, structuring an organization as a nonprofit corporation protects its directors, officers, and members from personal liability for the corporation's debts and liabilities.”[2]

Before You Begin

Nonprofit Startup Guides

Nonprofit Terminology

Mission Statement

“The mission statement communicates the nonprofit's purpose, what groups it serves, and how it plans to do so.”[3]

Proposal Writing

Fiscal Sponsorship

A fiscal sponsor is “a tax-exempt organization that legally serves as the recipient of charitable donations for another organization that has not yet been recognized as tax-exempt or does not have the infrastructure to manage funds (the sponsored organization).”[4]

Finance, Funding, and Budgeting

Legal

General Resources & Organizations



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Nonprofit Resources