In this episode of the Dollars and Sense Show host Carol Topp discusses
Starting a nonprofit homeschool group correctly
In this episode, Carol discusses how to start a nonprofit homeschool group. She shares her knowledge as the Homeschool CPA on important steps to take when organizing a group such as having a board and a clear mission. She’ll also share tips on how to legally operate your homeschool group.
Three steps to launching (or running) a successful homeschool organization:
1. Board: Chose a group of leaders so no one carries the burden of leading alone.
2. Bylaws: Write up bylaws to structure your group. Decide the Who, What, Where, How often and How much issues. In the bylaws mention its purpose (what), its members (who) and its leaders. The Where, how often and how much change frequently and do not belong in the bylaws.
Sample bylaws here
3. Budget: Planning with numbers. Estimate your income and your expenses. Plan a small surplus for emergencies.
Carol’s new book, Money Management in a Homeschool Organization will help your treasurer create a budget and stick to it!
On the show Carol mentioned:
- Her newly updated book, Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out.
- Articles and sample documents on the Leader Tools page of HomeschoolCPA.com
- A Facebook group for homeschool leaders:
- The HomeschoolCPA’s e-newsletter for homeschool leaders
- The required IRS annual reporting Form 990N
Tune in for the next Dollars and Sense show on December 19, 2013 when Carol will discuss tax exemption and how to get it for your homeschool group.