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View Full Version : Creating a Non-Profit Swim Team -HELP!



swimflyfast
June 22nd, 2012, 03:23 PM
Our team wants to incorporate as a nonprofit. Does anyone have a streamlined version of what we need to do to accomplish this?

thanks in advance.

Swimosaur
June 22nd, 2012, 03:55 PM
How to Form a Virginia Nonprofit Corporation

The steps to form a 501(c)(3) nonprofit corporation in Virginia.

http://www.nolo.com/legal-encyclopedia/forming-nonprofit-corporation-virginia-36091.html

ALM
June 22nd, 2012, 04:12 PM
There is also some information in this document, especially Pages 16-17:

http://www.usms.org/admin/building.pdf

Paul Smith
June 22nd, 2012, 05:22 PM
We are both actually.

We are a coach owned team organized as an LLC, I'm a bit biased but feel pretty strongly that board run swim teams face far more challenges and minimal advantages....

We have also created a 501(c)3 as a separate business who's primary mission is to raise funding to cover swimmers/families who are in need of financial assistance.

Betsy
June 23rd, 2012, 02:03 PM
It's a lot of paperwork, but I applied for and got non-profit status for VMST. Let me know if you get hung up. I had conflicting advice from the IRS at first, but finally got in contact with someone who helped.