How much does it normally cost to start a nonprofit?
Consulting fees vary, with rates averaging $1,000 to $1,500 USD (PLUS filing fees) for incorporation and 501(c)3 status. This money could be better used to invest in operational equipment and program services for your clients.
Are there any additional fees besides the cost of the course?
Yes! There are filing fees for both incorporation in your state and 501(c)3 status with the IRS. The price for incorporation varies by state, typically between $10 and $150 USD. The price for the streamlined application for 501(c)3 status is $275, which is what most new nonprofits will qualify for. In the case that you must file the long form application, the Nonprofit for Newbies training is $300 and it will cost $600 to file with the IRS.
How do I know if I qualify for the streamlined 501(c)3 application?
Most new nonprofits qualify for the streamlined 501(c)3 application. Among the few that do not qualify are schools, hospitals, churches, financial consulting agencies, and organizations that have any tangible reason (such as a written agreement) that they will be receiving 50k or more in the next 3 years.
Can my nonprofit pay me back for this course?
Absolutely! This course is an investment into your organization, and your organization can pay you back for your out-of-pocket expenses. For this to happen, you must add the price of this course and the price of filing fees as a 'reimbursable expense to the founder' when you complete your operational budget.
What if I just want someone to do it for me?
No problem, it happens! Sometimes you just want someone to take the wheel. We can help. To get all of your paperwork completed and filed, we charge $998 USD flat fee (plus filing fees) or 4 installments of $250. If by chance you have already taken this course and then decide you want our assistance, we will chop $200 off the price, for a total of $800 USD flat fee (plus filing fees). You will see this option at checkout.