Many cities have programs and grants of their own that are designed to help worthy organizations within the city limits. Registering a nonprofit at the local level may prove eligibility for such perks. A city clerk or professional advisor may be helpful in pointing an NPO toward appropriate opportunities. The local Municipal Office of Business and Development is another likely place to get information on assistance programs found within the city.
Grants can often provide the necessary resources for a business’ operations, and though it is possible to receive grants before the process of incorporation is begun, documentation that shows that an application is in process must be provided before consideration. Sometimes the IRS will speed up the review process if there is a federal grant at stake for the purposes of start-up funding. Oftentimes, however, it is more straightforward to apply for grants after a company has been incorporated.
Though funding can be a major problem for small organizations, many resources exist to sustain the economic health of an NPO. For educational nonprofit organizations, education must remain the primary focus in order for an organization to retain its tax-exempt status. Making sure that operational expenses will be covered ensures that the mission of an NPO can be fulfilled. This stage is a good time for a prospective non-profit founder to evaluate his or her commitment, ability, and available resources. Deciding ahead of time if a founder is suited to the process of establishing a start-up nonprofit can save untold time and energy.
