How to Start a Nonprofit Organization in 2023 (Step-by-step)

How to start a nonprofit organization in 2023 - otherwise known as a 501(c)(3) organization. So a nonprofit organization is a business entity in which your goal is not to be profitable but to make money to expand on a social clause.
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But we can’t ignore that it has some incredible tax benefits for its members and managers. For example, 501(c)(3) organizations are completely tax-exempt which allows them to use more money towards their desired social causes.
So you win in both ways, you save on taxes and you support your favorite social cause. So in this video, I’m going to show you exactly how to start a nonprofit organization in 2021… step-by-step.
Video Outline on How to Start a Nonprofit:
What is a nonprofit? (0:00)
Benefits of a nonprofit organization (1:50)
Step #1 - 6 BIG questions (4:15)
Step #2 - Choosing a Name (7:13)
Step #3 - Get Incorporated (8:59)
Step #4 - Federal Tax-Exempt Status (12:27)
Step #5 - State Fillings, Compliance, and Reporting (15:16)
BONUS Tip (17:55)
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Hey, I’m Sean with LYFE Accounting. The accounting company that helps people save on taxes and build more wealth. If you enjoyed the video please help me out by giving this a like and subscribe to our channel for more videos.
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[@trulythrivinglives]

Y’alls videos are so thorough! So much good information!!! Listening you all’s expertise makes me realize how much there is to know about this stuff… hopefully 🤞🏾someday, with y’all’s tutorial help, and God’s provision, I’ll have the budget to hire y’all to do all this business/finance heavy lifting for me 😅

[@LYFEAccounting]

Your comment means so much! I had to pin it to our channel. Thank you Truly ;)

[@healthylife5599]

@@LYFEAccounting
You have an email?
We recently just got 501c3 status far non-profit organization and I needed a few pointers on how to get it off the ground.

[@niiicolewith3eyes]

I concur 👍🏾

[@HolinessNow7]

Amen

[@tracybranch2955]

I'm putting an Amen to that. Its been a year since your post and I agree with you for your success, in Jesus name🙏

[@LYFEAccounting]

What is a nonprofit? (0:00)
Benefits of a nonprofit organization (1:50)
Step #1 - 6 BIG questions (4:15)
Step #2 - Choosing a Name (7:13)
Step #3 - Get Incorporated (8:59)
Step #4 - Federal Tax-Exempt Status (12:27)
Step #5 - State Fillings, Compliance, and Reporting (15:16)
BONUS Tip (17:55)

[@mstonyacryersfamilyproduce]

Amazing video takes away the fear

[@stormdancer0]

Hey, still watching the video, but had a question.
I created a non-profit, registered with the state, in 2009. But my husband's health got really bad, and I never did anything with it. How do I re-activate it?

[@jacksycz]

@@stormdancer0can the entity be transferred by an executor?

[@stormdancer0]

@@jacksycz I am the executor. I could transfer it to my adult son.

[@MelisaNielsen]

Thank you for being so thorough! This is the best video I have watched on this topic!

[@antwandavis7877]

I'm not the type to comment usually but I must thank you for being simple direct and transparent

[@angeldavis6947]

This your breakdown of this information was so good and easy to understand that I have tears in my eyes! I am so excited to get my non profit started!

[@shenandoahbryson]

This was excellent. Very informative and thorough! Great job, great content and organization. You’re very knowledgeable about the information and it shows. Thanks again 💪🏽

[@rhrcblake4]

This has been so helpful. I have been considering a non-profit for years. But I must say the ending of your video was truly a hit. Ask yourself before you consider meaning make sure you are ready to comply to all of the standards and requirements before realizing that you did not need it at all. Thanks again for putting this out there for folks like me, that did not know what and how to begin.

[@brendathompkins6949]

Thank you so much This is really the first video that I can truly understand and went right to the point I really appreciate you keep up the good work happen others

[@monidad32]

Thank you so much for this information. This a challenging process, yet something definitely worth it. Thanks again

[@johnnyrabenold6133]

I can't believe how good this video is.

[@user-ei6vm2vg8e]

I think you’ve done an excellent job at educating me and everything you said was very helpful. I have an attorney who is taking care of all my filings, but where I’m hurting as I don’t have an accountant and that’s some thing I need but I literally have no money at all I’m on the edge of bankruptcy, but my lawyer is also filing a lawsuit against the people that forced me into this financial position. He is pretty sure that we will win and that he can get this done quickly. I hope that he’s correct.

[@monchok9765]

Hey Sean, you won’t believe how grateful I am having viewed your clip. I’m here contemplating a youth program and just wanted to gather ideas and I bumped into this. I intend to start a non profit with the sole aim of creating a bright future for youth (in Liberia) through education and sports. This clip has been and it is, very enlightening. Thank you so much! Stay blessed!

[@serviceprovider6956]

Did you start it

[@angelamack8130]

Yes, I'm enjoying this video so far!!!

[@Theemotionalwellnesscoach.]

This video was excellent! Very straightforward and clear. I appreciate the information.

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Just subbed, I’m so excited I just found your channel! It’s exactly what I need ❤

[@tekestaley9632]

Thank you for being so detail on the Topic. This was very helpful.

[@loyaltyrg5881]

Thank you this was very detailed and helpful!

[@Jana-Larson]

Very insightful ! You’re appreciated

[@queenluv5024]

Thank you so very much for your kindness and support!
GOD is watching over you, may you continue to be blessed!

[@tiffanieturner771]

This was very thorough and practical. My tax accountant sent me this video, and it has been so helpful as I prepare to start my nonprofit. I have subscribed to the channel, and this will definitely be my go-to station. Thank you for making things much easier to understand.

[@spankyjohnson4528]

Thanks for the motivation hope everyone reading achieve your goals 🤝

[@mcareaid2127]

Such an awesome video!! I will be making each step happing now. Im done making excuses. Your fathers and parents will be helped!!!

[@harpermartin7813]

Thank you for the video! God bless.

[@coleirving6427]

Bro thanks for the tips it really helped me to understand and the biggest thing is that I'm incarcerated looking for ways to be productive and to give back to my community as well as becoming an entrepreneur while incarcerated so again thanks bro

[@tiguabeams]

God Bless you brothah!

[@johnwilliams1962]

Thanks for the break down! The process definitely sounds challenging but, it is easy to comprehend which is motivating!! Definitely helpful! Thanks for the push!!

[@LYFEAccounting]

You got it John! What type of nonprofit are you looking to start?

[@constancegordon8390]

Great information. Very thorough. Loved how you asked the question at the end. It made me think if I really do need to go this route. Gonna check out your LLC video. Thanks!

[@Bloom_by_MargieLopez]

Excellent video! Saving this and will share with anyone with non-profit questions.

[@CamberHill]

Thanks for this easy-to-understand outline.

[@RoseMwale-tx9sz]

Thank you very much for sharing and looking foward to our next session

[@Davewithfairoffer]

Great info Sean , I’m passed stop Two having incorporated the non profit . My next step is step three applying for tax exempt status the federal and state.

[@shellymatlock4888]

Thank you for sharing your knowledge about a non-profit

[@bartgonzalez3274]

Thank you for the video. Answered most of my questions.

[@whatthebizladysteph]

Great tutorial. Very much needed.

[@brittmedbm]

Completely off-topic but When the commercial says “ you wouldn’t want to skip this one” it makes me wanna click it faster🤧😭🤣🤣

[@MoiseValcourt-nx7zr]

Very clear and profitable. Once again thank you

[@VictoryInYeshuaMinistry]

Thank you so much for this video. It was very informative. God bless you!

[@Godsbeauty10]

Thank you so much!!!! This was great and extremely informative! ❤

[@aprilballentine2348]

Great content, thank you!

[@daveplowden7448]

Thank you. Great stuff.

[@rosejames]

Thanks so much for the information because some step I did not understand at the time. I have a long road ahead of me.

[@oMnMnMo]

Thank you for such awesome information provided,. Blessings to all.

[@THEHOMELESSINVESTOR]

Your a legend with your explanations 😭💪🏾💯

[@jazmink0a]

Great great video!! Thank you!!

[@shay2214]

Extremely helpful and thorough video! Thanks so much!

[@fergusonfirearms473]

Great stuff! I appreciate you breaking everything down so well.

[@MarieJoseph-iv7xq]

Thank you so much may God bless you

[@amarisevans]

This was so helpful thank you so much!

[@Boodafuldreama]

Very informative thank you so much for taking your time to share your knowledge ❤❤❤

[@McRuss24]

Very tactical information. Thank you!

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Great and helpful information. Thank you!

[@chinazaula]

This is very Informative
I yearn for more
More power to your elbow!

[@aquilaskyofficial]

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Much for this helpful information 🙏🏼✨

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Man this was soooo helpful!!!

[@MonandVictoria]

Thank you so much for this

[@cherry_shadow]

Wow, very well said, thank you very much 😊

[@jgconnelly]

Solid. Many thanks!

[@ninasanders7025]

Great step by step information!

[@arhc8722]

Great information
Thank you!!!

[@Eatwithperris]

thanks man i appreciate this inf very helpful!

[@jamesburmeister1608]

Thanks for the helpful video! toying with the idea

[@cynthiagarrett6060]

Thank You for this video and the information provided. I am looking into starting my Non-Profit.

[@elementsofelle888]

Thank you! Very informative and straight to the point.

[@LYFEAccounting]

Thank you, Elle!

[@FootprintsofInspiration]

This was so helpful! Thank you so much.

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[@LYFEAccounting]

You are so welcome

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Our pleasure! Thanks for watching.

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[@VGarciagg]

Thank you 🙏🏽

[@vg1153]

Great information, especially the last question.

[@IAmBrendaJ]

Love this video . I wish can like it a million times

[@valerieadesigbin-hill1491]

Thank you for this insightful video

[@kimblebreazell556]

Great information
Thank you so much

[@KrystalACPA]

This video was so insightful! Makes me want to start a nonprofit!

[@LYFEAccounting]

Glad to hear it Krystal :)

[@swishersnaaake8208]

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[@journeee505]

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Thanks so much for all the advice!

[@LYFEAccounting]

You are so welcome! Hope you consider subscribing

[@msberniselearningtree]

This video was very helpful. Thank you

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Wao, am so blessed with this lecture. God bless u

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This is a great video and very informative! I just feel as if he’s moving too fast for you to actually take notes and understand exactly the processes he wants us to take #LearningHere

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