Can you endorse a cause you want to create as an entity not for profit status? You may have a brilliant concept and a passion for the cause but be confident that the best path to go is to launch a completely new ngo. Learn more on this Source.
Below are three factors you can decide not to create a new company that is not for profit.
- There’s an agency that already serves the need.
If you are in your neighborhood looking to serve a particular need, first approach certain organisations with a common goal. For examples, suppose you figure out at the end of the day that the grocery store throws away all of its bakery products. You’d like this food to get into the hands of those who desperately need it. Contact the nearest charity food bank or other assistance. Volunteer to organize the surplus food deliveries. For other charities finding a national or foreign audience, the same rings true, do study and find out growing groups are actually operating in that area.
If the goal you wish to solve needs financing (which others do) because you can start out as a “project” under an established NPO, it will help you receive grants and other support. Foundations are most inclined to finance Nonprofit ventures. You should also take this opportunity to learn the ropes from seasoned skilled charity staff. You will then eventually plan to step out on your own until you have a strong basis.
- You really haven’t got many individuals “on board.”
You may have a wonderful charitable agency in the works, but the timing may not be ideal. Next make sure you’ve got a good squad of people who want to help you on your search. Everyone of you will reflect on a common dream and task, and decide on the right possible action plan. Through participating at civic gatherings you will meet others of common experiences in the neighborhood. Especially attend social groups or other events as they contribute to your cause in any way. Visit web groups, read websites, or check through Facebook and Twitter and see what other people are thinking about this.
You will note that others are more dedicated than others when you have people involved in participating. You will have a structured board of trustees, who are able to drive the initiative, as you create a organization. Then there would be need for someone who will spend their positions on boards and carry up other duties.
3.Your project is best positioned as a profit-making company Because you choose to manufacture a commodity for sale to the market, much of the time that falls under the profit-making group. Starting a charity is not a work-around for failure to secure a loan.
I have encountered many who would like to operate a one-person service company as a charity company. This is not the foundation for a non-profit organisation, however. When you are fortunate enough to accept your non-profit status and recruit members of the board, so the aim is not to get them there but to sign anything you intend to do. With the management the executive officer functions, not the other way round.