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Fidelity P.O.W.E.R.

Episode 62: An In-Depth Guide to Setting Up a 501c3 Nonprofit Organization

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Episode 62: An In-Depth Guide to Setting Up a 501c3 Nonprofit Organization

Did the pandemic spark an idea within you to start a nonprofit? If yes, you may not be sure how to get a nonprofit formed or set up. Well, you are in the right place. Today’s guest has not only helped set up nonprofits, but she is also a trusted advisor for all things legal and financial.

In this episode of the P.O.W.E.R. Plug Podcast Host, Mary Foley speaks with Amy Corcoran. After 14 years working for the tax department of a large, regional CPA firm, Amy co-founded Corcoran and Bernard, a Certified Public Accounting Firm that specializes in providing tax services to individuals, small business owners, and nonprofit organizations. And the best part is that she makes it all understandable to all of us who are not accounting inclined.

Listen and Learn:
  • What makes a public charity a nonprofit?
  • The approvals needed for an entity to become a 501c3
  • How to set up a 501c3 nonprofit
  • Filing requirements for state and federal taxes
  • How to get a Tax ID # (EIN) for a nonprofit organization
  • What to expect when creating a nonprofit
  • Avoid unintentional mistakes when forming a nonprofit
  • Responsibilities of board members of a nonprofit organization
  • Official free resources for nonprofits
  • Accounting tips and tricks for nonprofits
 
Corcoran & Bernard CPAs — cb-cpas.com
amy@cb-cpas.com
National Council of Nonprofits — councilofnonprofits.org
IRS Guide for Nonprofits — irs.gov/charities-and-nonprofits
Episode 58: How to Apply for Grants to Procure Funding for a Nonprofit: https://www.fidelitybankpower.com/podcast/episode-58-apply-for-grants-nonprofit-funding/
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MEET OUR P.O.W.E.R. PLUG HOST...

Mary Foley
Mary Foley — Growing a business in uncertainty is hard. Doing it alone is harder. That’s why in addition to hosting the Fidelity P.O.W.E.R. Plug podcast, Mary is a business coach and founder of the REV UP Society for women entrepreneurs. She offers a powerful combination of coaching, accountability, and celebration in a supportive community so you can build a thriving business no matter what. For more, go to maryfoley.com.
The information contained in this P.O.W.E.R. Plug Podcast expresses the opinion of the author and does not constitute advice from or the opinion of Fidelity Bank.