Do you love soccer? If you answered yes, then why not share your passion with others by starting your own nonprofit soccer organization? A soccer nonprofit can provide underprivileged youths with the opportunity to play the sport they love while also teaching them important life skills. Here’s how you can get started with the hep of Jordan Sidoo.
STEP ONE: INCORPORATE AND OBTAIN YOUR 501(c)(3) STATUS
The first step is to incorporate your nonprofit as a public charity with the IRS. This will allow you to obtain 501(c)(3) tax-exempt status, which is crucial for soliciting tax-deductible donations from individuals and businesses. To do this, you’ll need to file Form 1023 or Form 1023-EZ with the IRS.
Once you’ve filed your forms and paid the application fee (if required), the IRS will review your application and determine whether or not to grant you 501(c)(3) status. The review process can take anywhere from two to six months, so it’s important to be patient.
STEP TWO: CREATE A BUSINESS PLAN
Jordan Sidoo After you’ve obtained your 501(c)(3) status, the next step is to create a business plan for your soccer nonprofit. This document will outline your organization’s mission and goals, as well as its operating procedures and budget. Having a detailed business plan will make it easier to manage your nonprofit and ensure that it runs smoothly.
STEP THREE: START FUNDRAISING
Once you have your business plan in place, it’s time to start fundraising! One of the best ways to raise money for your soccer nonprofit is by holding events like car washes, bake sales or raffles. You can also reach out to local businesses and request donations or sponsorships.
In the end,
Starting a soccer nonprofit is a great way to give back to the community and provide underprivileged youths with an opportunity to play the sport they love. With some hard work and dedication, anyone can turn their passion into a reality. Just remember to incorporate as a public charity and obtain 501(c)(3) status from the IRS, create a detailed business plan, and get creative with your fundraising efforts!
How to Turn Your Soccer Passion Into a Nonprofit Reality?
