I have spent my career in nonprofit planning and administration. I’ve been involved in the early start-up of five charities and now specialize in helping nonprofit start-ups succeed. There are many urban myths about the nonprofit sector. It’s almost as bad as losing weight or having a baby. Everyone may be entitled to their opinion, but wouldn’t you rather be operating from facts? We at Thrive South have no desire to deter anyone wanting to serve their community. But, much like the medical field, there is a lot at stake when caring people try to help others. Well-meaning but knowledgeable people offer poor advice and founders often put too little effort into planning before filing legal paperwork. Then, they are not prepared to be fiscally responsible, legally compliant, and mission focused. Read on to see some big misconceptions about how a 501(c)(3) charity is formed. You’ll find that some charities don’t follow these guidelines. Sometimes, leadership may be breaking the law. In others, they may not know better, or they just don’t care.
2 Comments
Cynthia
10/14/2020 10:21:51 am
I feel great reading and going through the text. I like the fact that I see like minds sharing same dream and aspirations as I do, though we not from same continent and country so you can help me go about having my own social impacts but I sure it really motivate me so I can start from somewhere.
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10/19/2020 12:23:22 pm
Hi Cynthia, Thanks for the post and for the question. A nonprofit, as with any business, it's always good for the founder to be in good personal financial position because it takes stress off of an already stressful situation. However, many founders start a charity when they are working another job or during a time in their lives when their income needs are less than at other times.
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Mentor Kimberly MasseyIn addition to my work in the social impact field, I have a great husband of 27 years and an incredible 20 year old daughter. Our family lives in central Mississippi and we provide a loving, but sometimes chaotic home to two awesome dogs and a turtle. Archives
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