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Pages tagged "501c3"


Embarking on social good: Questions to ask and legal structures defined

main2.jpgAt some point during our lives, we may come up with a great idea to improve our society. These ideas often emerge when we identify an unmet need or gap in service. But then what?  Coming up with the idea can seem like the easy part. Figuring out what to do next, how to turn your passion into a reality, can be the daunting part.

Years ago, there was a go-to option for someone who wanted to pursue social good – becoming a 501c3. You had to fill out the 30-page application, pay a fee to the IRS, wait, then wait some more – sometimes upwards of a year — to finally get the go ahead to accept donations for your project.

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501c3 for YNPN-TC

main.jpgHello friends of YNPN-TC! It seems like every time we turn around there are new and exciting things happening with our organization. Over the past year YNPN-TC board members and volunteers have been involved in a series of meetings regarding our fiscal sustainability as an organization. Part of this process has involved an in-depth, thoughtful look at our legal and tax status and what changes, if any, we should make.

The news I have to share today is that we are making a change - our Board of Directors has voted to pursue 501c3 status. This isn’t a very controversial decision, and many YNPN-TC members might think we are already a 501c3. It is however a very awesome and exciting development when it comes to thinking about what type of organization YNPN-TC is, the work we want to do in the future, and most importantly how we want to continue to serve the talented young professionals of the nonprofit sector in our community. Special recognition must go out to board members Carl Atiya Swanson and Lindsay Bacher for their leadership during this process as well as the countless additional volunteers, members, and friends of YNPN-TC who provided us with their time, opinions, and expertise.

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