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8 Essential Steps to Starting a Nonprofit Organization with No Money Create a Business Plan. ... Build a Board. ... Find an Online Fundraising Tool That's Free to Start. ... Assemble Supporters and Create a Team of Passionate Volunteers. ... Hold Free Events and Online Campaigns. ... Apply for Community Grants. ... Find Fiscal Sponsors.
Information on registering a charity includes the Registration Statement for Charitable Organizations (COR-92). Complete and File Form 1023 for federal tax exemption. Fill out Articles of Incorporation for a tax-exempt nonprofit corporation. Complete this form for Maryland state tax exemption.
Non-profit founders earn money for running the organizations they founded. They often put in long work hours and make far less money than executives at for-profit organizations. When running a non-profit is their sole employment, it is reasonable for them to draw a salary for the work they do.
FILE ARTICLES OF INCORPORATION (CORPORATE CHARTER) To file by mail or in person: 301 W. Preston Street, Room 801 Baltimore, MD 21201-2395 410.767. 1184 Fee: $170 ($150 fee plus $20 Organization & Capitalization Fee); we recommend you consider expedited service, which is an additional $50.
2. Recruit a Board of Directors. Maryland requires at least three officers who are not related to each other (President, Secretary, and Treasurer) and a minimum of five members of the board of directors. In the state of Maryland, the board must include at least three directors who are unrelated to each other.