March 8, 2018 at 3:33 pm #7725
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.
—CrisKeep the wonder rollingMarch 8, 2018 at 3:34 pm #7727
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 PhiladelphiaMarch 8, 2018 at 3:35 pm #7728
From: “Robert Barrientos”
Date: Mon, 25 Sep 2017 11:39:13 -0500
Great advice Denise.
Robert J. Barrientos
National Storytelling Network
Direct line- 816 931-0607
Cell Phone- 816 589-3580
Save the Dates! 2018 National Storytelling Conference: July 26-July 30, 2018 , Kansas City, MissouriMarch 8, 2018 at 3:35 pm #7729
From: “susan seliger”
Date: Mon, 25 Sep 2017 15:38:11 -0400
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.
Susan SeligerMarch 8, 2018 at 3:37 pm #7730
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!
Check out what’s happening in Northeast Storytelling – http://lanes.org/March 8, 2018 at 3:39 pm #7731
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.
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