Establishing a Non Profit Org

Establishing a 501 (c) (3) Non-profit Organization

Funding a non-profit community book festival can be a very challenging task. The first step in funding a non-profit community book festival is to set up a non-profit organization. The United States Department of Homeland Security states that the general purpose of a non profit organization must be charitable, educational, scientific, religious or literary (U.S. Department of Homeland Security, 2008). The process of setting up a nonprofit organization is essential before any funding can be received to fund a project of this nature. “A nonprofit organization is a tax-exempt organization that serves the public interest” (U.S. Department of Homeland Security, 2008). Nonprofit organizations can take on various forms. For the purpose of funding a non-profit community book festival, a 501 (c) (3) non profit organization will be used.

The steps in establishing a nonprofit organization is very precise. This process takes careful planning and professional advisement. Establishing a clear and concise mission statement is very essential. When trying to obtain funding from grants and donations, the mission statement will provide the purpose of the organization. Organizations are more prone to donate funds when the mission is well thought out. According to Joanne Fritz, the mission statement is the goal of the organization (Fritz, 2008). Being able to provide a mission statement that strongly reflects the purpose of the organization can be very beneficial. Joanne Fritz has identified some of the benefits of having a well defined mission statement. Along with identifying the purpose of the organization, the mission statement also focuses your energy; attract people and resources; and can assist in getting a 501 (c) (3) status (Fritz, 2008). The mission statement can serve as a very important and useful tool.

Among devising a mission statement, this process consists of other procedures and may require the help of various...