How To Pay Yourself From Your Nonprofit

[@forpurposelive]

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[@mrhelms5394]

You have to pay your self to do the work every time you go out it costs you money and that can add up.

[@bhekidlamini8717]

I am following you Mam very well

[@seedfromatree]

Thank you for this I like your style and this is a great idea

[@forpurposelive]

You are so welcome! Check out more free resources at www.forpurposelive.com

[@humblemotivation685]

Very helpful. Thank you

[@marykaymakeuptutorialwitha2484]

Thank you so much great information.

[@jeanettemoss2189]

Great advice 😊 thank you

[@danbuffington75]

This insight is so helpful.

[@forpurposelive]

@@danbuffington75 I’m so glad!

[@poweredbyvirginia5583]

Thank you 😊

[@theringowedding3538]

I feel like this could work, you already have a personal bank account aside from your business and having a business savings and checking account would work. I wonder if you create a salary or contract or yourself will it be ok, I feel like the percent will keep you at a honest rate off what revenue you bring in. Allowing you to get more if you make more

[@theringowedding3538]

Or less if you make less

[@CompressCPR]

So helpful

[@forpurposelive]

Glad it was helpful!

[@omarstiefer449]

if I have a donor of property to our non-prof can the donor get a deduction for several years? A single year deduction may not benefit them enough if they don't have high taxes. Thoughts?

[@forpurposelive]

With a donation of this size it is imperative that the donor contact a tax professional regarding the best way to maximize their deduction.

[@bertclements]

Thanks awesome information!

[@bhekidlamini8717]

How about to open a Bank account?

[@nicolewidman]

do you know if there are restrictions to salary payout depending on the type of 5013c?

[@danbuffington75]

12:20 charities council 65%

[@tracymitchell1191]

Thank u for this info...i am considering a non-profit for my son...he has autism...thanks again...❤

[@forpurposelive]

My son also has an autism diagnosis 🤗. When thinking of creating a nonprofit in which there are already many serving the same population, make sure your mission is set apart from others or addresses a current gap that is out there. Many times you can be more effective partnering with an already existing nonprofit unless of course you have a really innovative solution to the problem.

[@jojomakolojane8476]

Kotulo is a sesotho name meaning "harvest".... How did you come up with that name😂?

[@juanawashington9597]

I thought your board of directors controlled the salaries?

[@forpurposelive]

Board of Directors will vote on and approve an ED salary but EDs are responsible for setting and budgeting for the operations budget including salaries. To be able to pay other staff you must start with yourself and many people start nonprofits with no salary. This method is a good way to start putting aside money for your salary so you can make a case to the board of directors that you have enough to sustain being paid.

[@breakthrough8628]

Not really for others if u want to be paid.

[@stibbs11]

Stupid reply. Go back to sleep.

[@audreykay3675]

It is if the services you offered are rare (hard to find) and / or discounted for the health or education of people in need.