Does anyone know anything about starting a non-profit org?

Full Member
raiderjake
Posts: 253
Joined: 14 Apr 09
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11 Jan 10 09:45:49 pm
i've been thinking about starting a non-profit organization for sometime now, i wanted to get my online business up & running & profitable 1st but now im thinking i should sell online to fund the non-profit organization. i don't really know anything about non-profits, wondering if anybody here knows much about them.

can i accept tax deductible donations of merchandise from liquidators & wholesalers? would this be something that they would be inclined to do?

i know i can take a modest salary for running it. once things were going good i think i would take in about $2500 a month. if i brought in $10,000 in sales a month that would be 25% of the revenue, is that high? would the suppliers want that kind of info before donating?

thoughts and ideas would be great, thanks!

Full Member
grace-salehoo
Posts: 331
Joined: 15 Jun 06
Karma: 
12 Feb 10 01:13:37 am
Hi raiderjake,

My partner started a non-profit here in Australia and it wasn't too difficult, but he found talking to an accountant pretty essential!

I'm not sure what would be involved in the US - I have heard the requirements are tougher there. The information on this site might help:

Link hidden: Login to view

All the best.


Grace

Full Member
raiderjake
Posts: 253
Joined: 14 Apr 09
Karma: 
13 Feb 10 05:54:02 pm
thanx

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