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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. Nonprofits often use a lawyer to get a set of ‘trained professional eyes’ on their documents. The cost usually runs from $200-$300 a month.

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Should You Have A Grant Writers Kit?

Red Tape Busters

Generally, a Grant Writers’ kit simply represents a single place to access all the information and documents that are typically requested when grant writing. They are documents that may only change annually (financials) or not at all (company registration records). Insurers and grant funding will usually ask for both.

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Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

Even in the early days when the donut shop is struggling financially, appropriate insurance is required. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. There’s always that possibility. We’ve seen it time and time again.

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How to Create a Nonprofit Chart of Accounts: 3 Steps + Tips

Get Fully Funded

While maximized fundraising seems like the solution, the truth is that it takes responsible allocation of your resources to make sure every dollar is used wisely—and this starts with effective documentation. Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts.

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How to create your new nonprofit’s first budget

Get Fully Funded

Printing/postage Fundraising expenses Phone/internet Marketing expenses (graphic design, advertising) Professional development (training and conferences) Memberships, affiliations (dues & subscriptions) Travel/mileage/parking Insurance (liability for the facility, errors and omissions for Board, worker’s comp, etc.)

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Five Costly Mistakes Tender Writers Must Avoid

Red Tape Busters

Ignoring the Fine Print – Hidden Pitfalls Tender documents are often lengthy and packed with information. For instance, when tender writers fail to thoroughly review insurance requirements, penalty clauses, or dispute resolution processes, it can leave their organisation vulnerable to unexpected liabilities.

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Budget Planning for Nonprofits: Ensuring a Successful Fundraiser

GiveSmart

Some other workers to consider in your staffing budget include: Servers and bartenders Audio and visual professionals Graphic designers Auctioneer Event planners or consultants Licensing, permits, and insurance The last item on our expense planning list is miscellaneous costs associated with licensing, permits, and insurance requirements.

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