501c3

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  • #7725
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    From: “Cris Riedel”

    Date: Wed, 20 Sep 2017 16:58:09 -0400


    Is not-for-profit status possible for single artists?  Anyone done something like it?  I know you have to incorporate first.

    thanks for your wisdom.

    Cris

    Keep the wonder rolling
    #7727
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    From: “Denise McCormack”
    Date: Wed, 20 Sep 2017 21:17:56 +0000 (UTC)

    Chris,

    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
    Denise McCormack, M.ED.

    There is a story for every time and purpose under heaven.

    http://www.MagicWords101.com
    … because the right words can do magic!
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    Owner: Denise McCormack, LLC.
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    #7728
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    From: “Robert Barrientos”
    Date: Mon, 25 Sep 2017 11:39:13 -0500

    Great advice Denise.

    Sincerely,

    Robert J. Barrientos
    Executive Director
    National Storytelling Network
    Direct line- 816 931-0607
    Cell Phone- 816 589-3580
    rjbarrientos@storynet.org

    Save the Dates! 2018 National Storytelling Conference: July 26-July 30, 2018 , Kansas City, Missouri

    #7729
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    From: “susan seliger”
    Date: Mon, 25 Sep 2017 15:38:11 -0400

    Hi–
    Re: nonprofit status — my 2 cents:

    A much easier and faster route to a form of nonprofit status is to work under an umbrella organization — one that specializes in individual artists and small arts organizations, like Fractured Atlas: https://www.fracturedatlas.org/

    That’s what I did for Out by 10: Stories & Music. It allows donors to give you tax-deductible donations, through the FA organization, which is a 501 (C) (3) nonprofit. They take 7% of money you raise under their umbrella, in exchange for some support but mostly for your not having to go through the legal expense of setting up your own nonprofit and the time-consuming process of managing a board etc. Big headaches for small organizations.

    I haven’t begun fundraising yet through individuals or foundations/organizations (would love the names of anyone you know who is experienced in this area ), but I would expect until one starts raising substantial sums of money, their 7% cut is worth it.

    best,
    Susan Seliger

    #7730
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    From: “Jo Radner”
    Date: Tue, 26 Sep 2017 02:19:34 +0000

    Check out NSN’s Sponsored Member Program—an easy process for getting a fiscal sponsor, and not very widely known. More storytellers should take advantage of it!

    https://storynet.org/grants/sponsoredmember.html

    Jo

    ___________________
    Jo Radner
    jradner@american.edu
    http://www.joradner.com
    P.O. Box 145
    Lovell, ME 04051
    (207) 925-6244

    Check out what’s happening in Northeast Storytelling – http://lanes.org/

    #7731
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    From: “info”
    Date: Wed, 27 Sep 2017 03:55:42 -0700

    Besides NSN, Fractured Atlas is a very good option as mentioned before. They’re in the business of providing fiscal sponsorship and have worked diligently on the artists behalf to improve fundraising with training, management software, and more.

    Shefa

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