#450 The 5 Methods to Build and Grow a Successful Nonprofit
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 5 September 2023
⏱️ 40 minutes
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| 0:00.0 | It feels great to donate to charity. |
| 0:02.4 | And you're giving that opportunity to other people to feel great about donating to your |
| 0:06.0 | charity. |
| 0:07.0 | So if you feel strongly about it and you have that passion, you can express that passion |
| 0:11.7 | to other people, they're going to love giving you money. |
| 0:14.9 | Your board members should generally be wealthy people. |
| 0:18.1 | They know other wealthy people. |
| 0:20.1 | This is why I don't want your brother-in-law |
| 0:21.7 | and best friend on your board. That's not the goal unless they're super rich. Any machination |
| 0:26.4 | of a nonprofit that you're trying to do to build your business, open doors for your business, |
| 0:32.8 | or make money individually, it ultimately is going to fail. Welcome everybody to another amazing episode |
| 0:38.2 | of the Main Street Business Podcast. I've got a special guest here with me today. |
| 0:42.1 | Devin Munn's flying shotgun, is a flying shotgun, riding shotgun? Depends on it for an airplane |
| 0:46.8 | or a car, right? Right. Okay, so Devin Munn's, one of our senior attorneys at the law firm, |
| 0:50.9 | KQOS lawyers. He has worked on countless charity formations, |
| 0:57.0 | fundraising projects. I myself have served on multiple nonprofits, 5-1c3s. So together, |
| 1:04.0 | we're going to try to help educate you on all the ins and outs of getting your own charity |
| 1:08.0 | started. Excited having you here. Thanks for being in here. No, this is an exciting topic. So thanks for inviting me to be here. This is, this is one of, you know, a part that touches home for me. Charities were a big part of my life growing up. Nonprofits were. And I just, you know, happy to help anybody follow their dream to help other people. I love it. I love it. It's going to be good. |
| 1:28.4 | We've got five points that I think will be supremely important. A lot of this is on the front of |
| 1:34.5 | setting up your charity and then what to do on day two is the second part of this. But a lot of times |
| 1:40.1 | people get into their charity and then they realize, man, I could have done this a little different. Let's go back to square one. So that's okay. So for many of you that already have a charity, don't get frustrated of, well, I'm already halfway down the road. No, it's cool. Don't worry about that. Let's look at all these principles because you could apply these at any time. I think it's a good mix. If you didn't start out right, you might as well, you know, get organized later. That's better late than never. Yeah, hit reset. Okay, so Utah Group, by the way, I've got to say I'm wearing my Utah hat. It is game day today. It's the first day of college football season. Utah plays Florida. I'm very hopeful. We'll see. So I got to wear my game day hat today. It was the first day of college football season. Utah plays Florida. I'm very hopeful. |
| 2:19.4 | We'll see. So I got to wear my game day hat today. We've got a red solo cups. I'm just, I'm going red today. Hey, the SEC came to the Mountain West. That's like, I mean, we got to throw a parade or something. When did they go to the Mountain West? Well, that's Florida today, Utah. Oh my word. |
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