backpacks for kids at sears image
Hello
I am starting a non-profit organization that gives backpacks with school supplies to children in Africa and South Asia. I am partnering up with other organizations that build free schools for poor children, and I will provide those children with the backpacks and school supplies. Its not necessary that name has the word "backup or supplies" The name should be inspirational. So can you help me come up with a inspirational, creative, and catchy name for my organization? Thank you for being part of the change :)
Answer
The name is the least of your problems.
A nonprofit organization is a LEGAL entity and ONLY adults can file the legal documents and conduct the legal affairs.
You must be at least 18 to do this.
No, your mother can not do it for you.
A nonprofit organization is a corporation, just like Sears, or General Motors, or McDonald's.
You must file Articles of Incorporation papers in your home state the same way.
That costs about $500.
You also have to search the business listings of every state where you want to do business to make sure that no one else is using the name that you choose.
Yes, EVERY STATE.
if even one person in one state is using that name, YOU can't use it.
You must have a board of directors, officers, a place of business, board meetings, and publicly available minutes of those meetings.
You must file form 1023 to apply to the IRS for tax exempt status.
There are 31 different tax exempt categories.
From your description, you probably fit into section 501.c.3 of the IRS Code.
Failure to do this can land you in prison and you will have to pay taxes on any money you collect.
You can read more about it here.
http://www.irs.gov/charities/index.html
After you get IRS approval, you apply to your state for a solicitation license.
That's free, but if you try to collect money from the public without it, you will face a $1000 fine and a year in jail for EACH offense.
You can also apply to your state for a sales tax exemption certificate so that the organization doesn't have to pay sales taxes on its supplies.
Then you set up sales tax reporting with your state revenue department.
No, you don't pay sales taxes.
You collect them from your customers and remit them to the state.
Failure to do that can also land you in prison.
Then you follow any local government regulations.
Then you file a bunch of reporting forms with the IRS and various state and local agencies monthly, quarterly, or annually - whatever is required.
So that's between $900 and $1800, NOT COUNTING LAWYERS.
THEN you can sell your stuff.
These laws exist for a reason.
We cannot allow just anyone to take money from the public and CLAIM that they are going to "give it to poor people".
It's time to be a grownup and learn to take care of your own life.
Find an organization that's doing the work that you want to do and volunteer.
Learn.
http://www.serve.gov/
The name is the least of your problems.
A nonprofit organization is a LEGAL entity and ONLY adults can file the legal documents and conduct the legal affairs.
You must be at least 18 to do this.
No, your mother can not do it for you.
A nonprofit organization is a corporation, just like Sears, or General Motors, or McDonald's.
You must file Articles of Incorporation papers in your home state the same way.
That costs about $500.
You also have to search the business listings of every state where you want to do business to make sure that no one else is using the name that you choose.
Yes, EVERY STATE.
if even one person in one state is using that name, YOU can't use it.
You must have a board of directors, officers, a place of business, board meetings, and publicly available minutes of those meetings.
You must file form 1023 to apply to the IRS for tax exempt status.
There are 31 different tax exempt categories.
From your description, you probably fit into section 501.c.3 of the IRS Code.
Failure to do this can land you in prison and you will have to pay taxes on any money you collect.
You can read more about it here.
http://www.irs.gov/charities/index.html
After you get IRS approval, you apply to your state for a solicitation license.
That's free, but if you try to collect money from the public without it, you will face a $1000 fine and a year in jail for EACH offense.
You can also apply to your state for a sales tax exemption certificate so that the organization doesn't have to pay sales taxes on its supplies.
Then you set up sales tax reporting with your state revenue department.
No, you don't pay sales taxes.
You collect them from your customers and remit them to the state.
Failure to do that can also land you in prison.
Then you follow any local government regulations.
Then you file a bunch of reporting forms with the IRS and various state and local agencies monthly, quarterly, or annually - whatever is required.
So that's between $900 and $1800, NOT COUNTING LAWYERS.
THEN you can sell your stuff.
These laws exist for a reason.
We cannot allow just anyone to take money from the public and CLAIM that they are going to "give it to poor people".
It's time to be a grownup and learn to take care of your own life.
Find an organization that's doing the work that you want to do and volunteer.
Learn.
http://www.serve.gov/
How much money for School Shopping!?!?!?
Aly
As many of you might know, I have an 11 year old daughter. Well she is going into 6th grade and its really important to her. So how much money should I give her for clothes and shoes and a backpack? She is going through a huge growth spurt so I dont know whether to get her clothes now or wait until she slows down her growing! Oh and I have a little girl who is going into Kindergarten!She also wants a bunch of clothes! I need lots of help!!!
Answer
I wouldn't give her more than $30-$50... and that's solely if you trust her to pick out appropriate items that fit well. Insist that she go shopping with you for the other necessities and you hold on to the money. If you gave her the full $150, she might come home with a new jacket and a pair of pants... then you'll have to shell out more money or she's going to be pretty embarrassed when she doesn't have the necessities.
Figure out what they really need and then add up what each item will cost (approximately).
So...
2 pairs of jeans - $60
pair of shoes - $50
3 o 4 new shirts - $75
socks - $5
1 dress - $20
Obviously, pay attention to the money you can afford to spend as well. If you only have $250 for school clothes then that means each kid is only going to be able to get $125 (including tax) worth of clothes and shoes. For the daughter going into kindergarten... look at thrift stores, Goodwill, Once Upon a Child, the sales at Sears, WalMart, etc -- she does not need expensive clothing. For the sixth grader you and she might have to compromise... she can have 2 pricey shirts, but she'll have to get cheaper jeans and tennis shoes, etc.
I understand about the growth spurts... I've got a 3rd-grader who generally needs new clothes purchased 3 times a year - he's nine and 5 feet 5 inches! I would discuss what items she needs to get and discuss purchasing some separates that can be combined in different ways to create different outfits. Don't purchase too much prior to school because she may come home after the first day and tell you what's really "in" this year. Also, it would be disappointing if she outgrew everything in a month. Purchase a few outfits now and let her know that you'll take her shopping again in October or November for some new fall/winter outfits.
Don't focus on what the kids want (unless you're very wealthy), focus on what they need. Sure they can still splurge and get a new dress or backpack... even if they don't really "need" a new one, but don't spend $200 on a 6 year old - again, unless you've got the money to spare.
I wouldn't give her more than $30-$50... and that's solely if you trust her to pick out appropriate items that fit well. Insist that she go shopping with you for the other necessities and you hold on to the money. If you gave her the full $150, she might come home with a new jacket and a pair of pants... then you'll have to shell out more money or she's going to be pretty embarrassed when she doesn't have the necessities.
Figure out what they really need and then add up what each item will cost (approximately).
So...
2 pairs of jeans - $60
pair of shoes - $50
3 o 4 new shirts - $75
socks - $5
1 dress - $20
Obviously, pay attention to the money you can afford to spend as well. If you only have $250 for school clothes then that means each kid is only going to be able to get $125 (including tax) worth of clothes and shoes. For the daughter going into kindergarten... look at thrift stores, Goodwill, Once Upon a Child, the sales at Sears, WalMart, etc -- she does not need expensive clothing. For the sixth grader you and she might have to compromise... she can have 2 pricey shirts, but she'll have to get cheaper jeans and tennis shoes, etc.
I understand about the growth spurts... I've got a 3rd-grader who generally needs new clothes purchased 3 times a year - he's nine and 5 feet 5 inches! I would discuss what items she needs to get and discuss purchasing some separates that can be combined in different ways to create different outfits. Don't purchase too much prior to school because she may come home after the first day and tell you what's really "in" this year. Also, it would be disappointing if she outgrew everything in a month. Purchase a few outfits now and let her know that you'll take her shopping again in October or November for some new fall/winter outfits.
Don't focus on what the kids want (unless you're very wealthy), focus on what they need. Sure they can still splurge and get a new dress or backpack... even if they don't really "need" a new one, but don't spend $200 on a 6 year old - again, unless you've got the money to spare.
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