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Aside from registering your nonprofit with the Secretary of State and completing the Internal Revenue Service's Form 1023, the first step to building a successful nonprofit is ensuring it will be profitable. In order to ensure it's profitability, you must first know and understand how nonprofits work.
Your nonprofit's success will greatly depend your ability to:
- generate positive cash flows;
- build an effective board of directors;
- manage and report your revenues to the Internal Revenue Service; and
- develop strong programs that get results!
These are just a few topics to consider. The more educated you are the more you can set your nonprofit apart from the rest. And, setting your nonprofit apart means WINNING Grants!