The State of NC Undergraduate Research & Creativity Symposium

 

State of North Carolina

Undergraduate Research & Creativity Symposium

 

Business, Management, Economics,

and Pre-Law Abstracts

 

 

 

 

 

 

Student Author(s): 

Chesson, Benjamin S.

Dept & College or University:                        

Political Science/Public Policy, UNC-Chapel Hill

Research Mentor(s)

Thomas Kelley/School of Law, UNC-Chapel Hill

Title of Presentation:

Incorporating National Students of AMF Support Network into a 501(c)(3) Nonprofit Organization: A Guide for Students Social Entrepreneurs

 

 

I used my summer research fellowship, provided by the Kauffman Foundation, to incorporate a student support network into a nonprofit organization, National Students of AMF Support Network. I was able to establish the strong foundation for National Students of AMF Support Network as a nonprofit organization. I started the summer by writing Articles of Incorporation and By-Laws for the organization and incorporated with the North Carolina Secretary of State as a not-for-profit corporation. Next, I applied for and received an Employee Identification Number (EIN) from the IRS. Having written our organizing documents, I spent the rest of May planning and executing our first fundraiser. We raised over $20,000 during our fundraising weekend at the end of May; this provided me with the seed money to officially lunch Students of AMF. I spent the month of June writing a business plan and doing more research into the necessary elements of successful nonprofit organizations. I developed a workable operational plan with realistic objectives for our marketing, fundraising, and expansion. I also reworked the structure of Students of AMF; giving more power to our Board of Directors. My research into successful nonprofits allowed me to implement effective policies and procedures which work for the organization now, but will also allow for our expansion into a larger nonprofit in the future. My summer continued as I recruited 10 quality individuals that bring experience and expertise in a wide range of fields which affect Students of AMF. We held our first board meeting and officially adopted all of our policies. Next, I filed Form 1023 with the IRS and I am awaiting official notification of our tax-exempt status. Over the course of my efforts, I developed a solid plan than can be used by other students looking to realize their vision for change in the world through a nonprofit organization. My presentation will relate my experience to how other students can succeed in the same way.

 

 

 

 

 

 

 

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