Reply To: 501c3

Welcome Forums NSN Forum The Business of Storytelling 501c3 Reply To: 501c3


From: “Denise McCormack”
Date: Wed, 20 Sep 2017 21:17:56 +0000 (UTC)


To obtain full benefits of a 5013c status, you need to have a board comprised of 3 non-related (non-family) members.

With family as board, the non-profit status is doable, but your business negates applications for grants, etc., in many regards.

Individual artists do have grant opportunities without needing non-profit status, and you can apply for grants under the NSN umbrella, as well as your local arts and history councils.

In addition to visiting the NSN and local websites to explore what is offered there, visit SCORE online and take a few quick workshops and/or make an appointment with a SCORE or Small Business Development mentor. There is no cost to these services.

Also, there are different types of business structures. Usually, an LLC as sole owner is what you’d want — which is, of course, not a non-profit.

The process is not difficult, and the gov. website in your area will have all of the information available.

Best of luck.

Denise McCormack, M.ED.

There is a story for every time and purpose under heaven.
… because the right words can do magic!
And so can a little laughter!

Owner: Denise McCormack, LLC.
MagicWords101; DM Corporate Coaching
Editor of Story Art: A Magazine for Storytellers, National Storytellers League
NJ State Liaison, National Storytelling Network
Board Member, NJ Storytelling Festival
President, Patchwork Storytelling Guild in Philadelphia

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