Can nonprofits sell items?

[@avajayyyaye]

I don't ever leave KZbin comments but this was a really useful video that did not waste any of my time with filler. You explained that so much better than anything I've read, thank you so much!

[@estelalopez822]

Thank you so much for your valuable information, I'm just starting my non profit org and I'm kind of lost.

[@surreptitiouslyBoring]

Tiffany, you're my go-to-gal for information (by breaking it down into plain English, rather than government hub-bub!). THANK YOU!!!!

[@BossonaBudget]

Awww, I appreciate you watching.

[@theradiantroomwisdom4every777]

Thank u sis! I had no idea about this...

[@sittingpretteawithcarol]

Very informative!! Thank you so much! I’m a new 501c3 educational nonprofit owner. I appreciate all of the tips.

[@BossonaBudget]

Thank you for watching! If you need help with startup funding, make sure you sign for the wait list for my membership community: bossonabudget.lpages.co/purposeprofitsociety/

[@danceinoneaccord888]

Thank you for the relevant info pertaining to sales tax, marketing, etc. presented in a clear concise manner. Much appreciated!

[@smileyhicks]

Thank you so much for your youtube platform & valuable information, I'm just starting a non profit and need your guidance......

[@BossonaBudget]

Hi, thanks so much for subscribing! What do you need assistance with? I can direct you towards some resources

[@DATRUTH501]

Thank you so much for sharing the content that you do! It is very easy to process and apply to anyone's non-profit endeavors.

[@BossonaBudget]

You're very welcome, thank you for watching!

[@DATRUTH501]

@@BossonaBudget do you offer services whereas you come in and help non-profits get off the ground?

[@BossonaBudget]

No, I have a workbook: rebrand.ly/npstartupworkbook and a private community on fundraising.

[@bryanman7111]

Good video! I actually already own an LLC that sells an educational service, but I want to found a nonprofit that will help raise money to bring that service to communities that otherwise couldn't afford it, and keep the LLC as a for-profit arm that continues to sell our programs and act as a critical revenue source for the larger non-profit and diversify its revenue pool

[@BossonaBudget]

That’s definitely a possibility. Just be mindful of any potential conflicts of interest.

[@leneaosler3558]

So glad i found your page

[@keepsit100atalltime9]

Hi. I know of a non for profit that does business with a major grocery store chain and pharmeucutical chain. My confusion is how are these companies able to turn a profit twice. One, by the tax write off. Two, by selling the product made by the NFP.

[@BossonaBudget]

Hi, without a lot of details it's hard to say much. Nonprofits are allowed to earn money but again without knowing much it's hard to say if something fishy is about that arrangement.

[@keepsit100atalltime9]

@@BossonaBudget Thanks for responding. I was referring to the grocery store chain and pharmaceutical company. The NFP makes products for the chains. I'm assuming they give the NFP a percentage of the profit. Which becomes their donation. The chains then write this off on their taxes. I've just never known anyone to give a donation and also profit from the sale of products the NFP made in their warehouse.

[@WhatIFAsays]

Great video, could you explain when you say selling products that relate to the non profit. For example I do have a children's book and I want to sell it to raise money for my non profit. However, in the video you mentioned ensuring that it relates but I didn't quite understand what you meant. e.g my childrens book relates to mass transit about a magical train but my non profit is about subway safety. The book does not discuss subway safety but does describe the use of imagination. Could this relate?

[@BossonaBudget]

Hi! I mean that the sale of the book has to align with your charitable purpose. So if your mission is to fix trains (making this up), but nothing in your charitable purpose is related to educating children or others about trains then it's unrelated. Consult a tax professional on this though - I am not an accountant and this is general advice :)

[@RealLifeRambles]

You’re awesome! Appreciate youuu!

[@tinakdavis]

Exactly what I was looking for! Can the online store have a different name than the nonprofit or do they need to have the same name?

[@BossonaBudget]

You may decide to have a different name for the brand or the store than your corporation but the legalities and requirements for filing may differ by state so check with your Secretary if State’s office. And I’m not as familiar with DBAs for nonprofit so it wouldn’t hurt to consult an attorney as well

[@Cassandrawills7076]

Do you ever work to build online stores for a non-profit? If so, what is your rate? Thanks

[@BossonaBudget]

Hi, I don’t have that service.

[@Cassandrawills7076]

Ok! Do you know of anyone who might be interested? Thank you for your response.

[@Cassandrawills7076]

By the way I enjoy your KZbin channel.

[@BossonaBudget]

I’m not sure, but I will check

[@Sonjamarieministries]

Hello from NH

[@BossonaBudget]

Hi 👋🏽

[@DinoPasic]

Thanks, i am thinking about non profit idea because im coming from poor country. But i don't want just to share money but i want to give some opportunities to earn money or something like that.

[@BossonaBudget]

That sounds great. Sounds like you c an train people to start a career or have a business to support their families

[@DinoPasic]

@@BossonaBudget Yes, i can do that also because i have experience in lot of different jobs. Thanks for your tip 👍

[@manic5543]

Can I do a "pay what you can" for service and be nonprofit?

[@BossonaBudget]

I’m not sure what you mean but if you’re asking can you charge or collect money for services as a nonprofit- yes. You always have to be mindful of unrelated business income when you earn money.

[@RealLifeRambles]

You’re awesome! Appreciate youuu!