Nonprofit Basics

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Nonprofit Basics

According to the NH Attorney General's Division of Charitable Trust there are more than 8000 nonprofits registered in New Hampshire. These nonprofits range from tiny entities to huge complex organizations.

If you are contemplating joining that group of 8000+ there are many things to consider and many things to do in order to become a tax-exempt nonprofit organization. Here you will find resources that can help you navigate your way through these tasks.

NH Secretary of State Annual Report

Source: NH Secretary of State
2015 is a renewal year with the Secretary of State's Corporation Divison for NH nonprofits, meaning that all NH nonprofits must file an annual report before January 1st, 2016.
Posted on: October 5, 2015
Topics: Legal | Nonprofit Basics

The Nuts and Bolts of Establishing a B Corporation

Source: New Hampshire Business Review
Orr & Reno's Andrew Grosvenor explains the basics of establishing a Benefit corporation or “B” corporation, a new option for NH entrepreneurs as of January 1st, 2015.
Posted on: April 13, 2015
Topics: Entrepreneurship | Nonprofit Basics

Using Loans: A 101 Guide To Borrowing For Nonprofit Organizations

Source: Nonprofit Quarterly
Nonprofit organizations are founded and operated with a focus on a mission to serve their communities. This makes them different from businesses, which operate with a goal of making a profit for their owners. Yet nonprofits share many characteristics with businesses—both have revenues, expenses, personnel, and facilities. Like businesses, nonprofit organizations sometimes need cash in the form of a loan to operate their programs effectively. Astute managers and boards understand that loans can be a tool that can help their nonprofit grow and succeed.
Posted on: June 24, 2014
Topics: Best Practice | Finance | Nonprofit Basics

Introductory Guide to Incorporation and Tax Exemption

Source: NH Business Committee for the Arts
The New Hampshire Business Committee for the Arts (NHBCA) educates, motivates, and recognizes business support of and participation in the arts. Among the resources they offer is a Guide to New Hampshire Nonprofit Incorporation; although it was prepared specifically for arts organizations, it is relevant to all organizations. Download a copy of the guide from the NH Business Committee for the Arts.
Posted on: May 2, 2013
Topics: Nonprofit Basics | Starting a Nonprofit

What You Need to Know Before Starting a Nonprofit

Source: Center for Nonprofit Management
Get Ready, Get Set: What You Need to Know Before Starting a Nonprofit is a free guide from the Center for Nonprofit Management will help you to explore preliminary questions, such as "is there an unmet need in the community?" and "will the organization attract sufficient resources to make the project viable?" The booklet then describes the legal steps involved in incorporation and securing tax exemption status, and concludes with an overview of management systems.
Download the PDF
Posted on: April 24, 2013
Topics: Legal | Nonprofit Basics | Starting a Nonprofit
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