I have been very busy the past couple of days. Sometimes I feel very happy about the progress I have made then within a few minutes I feel like I haven't made enough progress. I have heard this is common for people starting a new business. It really feels like an emotional roller coaster. I have been emailing with different people in the Albany area and they have been supportive and have given some ideas.
Today, I had a meeting with the Director of The Social Justice Center in Albany, NY. I found out through our discussion that their organization helps grassroots organizations get started in the Albany area. The Social Justice Center offers different benefits to member organizations. For $25 per month, I have access to reserve their space to hold meetings or events, use their telephone, mailbox, fax machine, copier etc. Most importantly, they will fiscally sponsor my organization.
The Social Justice Center is a federally recognized nonprofit (501c3). They are able to receive tax-deductible donations and apply for grants. This means that I will be able to apply for grants and receive TAX DEDUCTIBLE DONATIONS through the Social Justice Center. By becoming my fiscal sponsor, they are responsible for the management of my funds and to make sure they are being used properly.
In other posts, I have mentioned that this is my biggest challenge- becoming a nonprofit. It is very costly and I need to have board members and community support in order to succeed. I have found a way to delay paying these heavy expenses and to get donations and funding at the same time. Once I have a consistent group of classes and have a proven track record and community support, I can eventually become a nonprofit. I think this will be a smart move. I will conserve resources, work and network with other organizations and accomplish my mission! There have been a lot of organizations in Albany that started this way and are now on their own. By working this way, I can immediately start applying for grants and begin my classes. I will be able to focus on what's important- the refugees and immigrants education. I won't have to worry about taxes and financial reports...yet. I think I will be able to start in August! This is pretty incredible because I started this project thirty days ago. My dream is indeed becoming a reality.
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