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Business Plan for Non-Profit
GALSQUAD
subscriber Posts: 1
Hi All of you SUN`s,
I need your help. I started an adoption agency in NJ. We are in the license approval phase. I am currently writing a business plan and was wondering, how you write one for a non-profit. If anyone has a sample to share or knows of one, please forward, I would be very interested. Since you really don`t show a profit at the end of any year, I am having a problem with the financials.
Thank You
Tony
I need your help. I started an adoption agency in NJ. We are in the license approval phase. I am currently writing a business plan and was wondering, how you write one for a non-profit. If anyone has a sample to share or knows of one, please forward, I would be very interested. Since you really don`t show a profit at the end of any year, I am having a problem with the financials.
Thank You
Tony
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Comments
I know a good accountant will explain...just trying to get an idea.
What about the rest of the bus plan. Do you proceed in the same fashion as you would afor profit ?
Again thanks,
Tony
One more question...Do you have a BP template for a non-profit ? Yes we will be looking for contributers, both individual & corp. We will also generate revenues from fees.
Thanks for your help,
Tony
Here is some more info:
Steps for Forming a 501(c)(3) Nonprofit Organization
1. Choose a name for your nonprofit. (While you`re at it, select and reserve a Web domain name.)
2. Form your incorporating board of directors (often only three people are needed).
3. Write Articles of Incorporation including a statement of your purpose and submit them to the appropriate office in your appropriate state government with the required fee.
4. Wait for a response from your state. (In some states you can expedite the process by paying a surcharge.)
5. Obtain a Federal Employer Identification Number, submitting IRS Form SS-4
6. Develop organizational bylaws-the rules by which you will operate.
7. Hold your first board meeting.
8. Review IRS Publication 557, instructions for filing for tax exemption. call
Here is some more help:
Outline of a Organizational Plan
(Note: This is a detailed outline of how one might present an organizational plan. We`ve added every possible item that might be included. Feel free to omit sections that are not relevant to your organization.)
I. Introduction/Overview of Plan
Reason s and process for planning. Who was involved in planning activity? How was consensus reached? Key themes that emerged in planni ng.
II. Executive Summary
Brief descriptions of all sections outlined below.
III. Goals
Program Goals
Personnel Goals
Public Relations and Marketing Goals
Fund Raising and Earned Revenues Goals
Facilities Goals
Financial Management Goals
Board Governance Goals
IV. Brief Organization History
V. Mission Statement
VI. Values and Operating Principles
Societal value of the organization`s work
Values embedded in organization`s approach to providing services
Inclusiveness values�such as diversity and accessibility
Relationship of organizations to others in its field
How the organization`s values are enacted through its policies
VII. Vision of the Organization
How the organization is distinct among others in its field of service
How its field of endeavor is changing
How it is responding to changing conditions
VIII. Organization`s Programs
Description of program one, outline of goals, and list of strategies for achieving goals may be achieved
Description of program two, outline of goals, and list of strategies for achieving goals
Description of program three, outline of goals, and list of strategies for achieving goals
IX. Organization Administration
Personnel A. Description of work environment, distribution of tasks, workload, and compensation B. Goals for personnel C. Strategies for achieving goals
Public relations and marketing A. Goals for increasing public engagement in programs B. Elements of message to be communicated C. Target audiences D. Strategies for reaching target audiences with message
Resource development A. Fundraising goals to support strategic plan and strategies for achieving those goals B. Earned revenues needed to support strategic plan and strategies for achieving those goals
Financial management A. Current financial management staffing and systems B. Current financial policies and procedures C. Strategies for strengthening financial systems
Facilities and other assets A. Goals for facilities and major equipment B. Policies for maintenance, upgrading, and renovation C. Strategies for achieving goals
X. Board of Directors and Advisory Boards
Role of board of directors
Current composition of board of directors
Board policies and training
Strategies for recruitment, training, and revising policies
APPENDICESI. Projected budgets over the coming three yearsII. Organizational chartIII. Detailed outline of programsIV. Facilities development master plan
http://www.stoneoaksports.com, and I did the following:
1. Registered as non-profit;
2. Obtained EIN;
3. Reserved domain name.
I am currently working on the constitution and by-laws, budget, and working on getting board of directors - 3 minimum. Do I need to form an executive body (i.e., president, vice, scretary, treasurer) or can we have the board of directors wear multiple hats?
Also, where can I purchase bond as it requires to have a bond on a treasurer? What type of insurance should I purchase? How can I obtain the 503 status for our non-profit? Can I also get paid as the founder and director?
Any assistance will be greatly appreciated.