Common questions on starting a Nonprofit Corporation
Creating an operational budget for your nonprofit is essential. The board of directors will establish a budget period and set organizational goals for that period. Make sure you estimate your expenses and anticipated revenue.
It is a good idea to have a mission statement that clearly defines your nonprofits’ goal. Learn more about writing nonprofit mission statements.
An advisory groups is a group of individuals outside of the board who bring a skill set to help advise a nonprofit. They don’t have actual authority, but they can make recommendations to the board of directors. Sometimes they are made up of retired board members who have worked in similar fields to your nonprofit. It may be a good idea to establish an advisory group if there are major disagreements or complex issues for the board to handle.
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