0:01 There are so many people who want to
0:03 start a nonprofit, but they still
0:04 struggle to understand exactly what a
0:06 nonprofit is. Like, what's the
0:08 difference between a nonprofit and an
0:10 LLC? Where does the funds come from? How
0:12 can we use the funds? Can I be paid?
0:14 What is this tax exemption that I keep
0:15 hearing about? Can I get a grant? Are
0:17 grants the only option? Can I charge a
0:19 fee for my services? Well, in this
0:21 video, I'm going to break down exactly
0:23 what a nonprofit is, break down some of
0:25 the misconceptions about the nonprofit
0:27 space, some history about the nonprofit
0:29 space and how it became what it is
0:30 today. and lastly, how somebody like you
0:32 can get started. So, if you've been
0:33 thinking about starting a nonprofit but
0:35 unsure how it works, this video is for
0:36 you. What's going on, guys? My name is
0:38 Timothy Wright. We're back again with
0:40 another video. And in this video, I'm
0:42 going to do my best to explain exactly
0:45 what a nonprofit is. So, a nonprofit is
0:47 simply a legal business entity just like
0:50 an LLC, an S Corp, or CC Corp. The only
0:51 difference is this organization is
0:54 created with a mission intent instead of
0:55 profit intent. Now, the biggest
0:57 confusion with that is just because this
1:00 organization is missiondriven, it does
1:02 not mean your mission does not need
1:05 money to drive it. The key ingredient to
1:06 understand how this works is knowing
1:08 that you can't actually pocket the
1:10 funds. You have to continue to use the
1:12 funds to grow the mission, even if that
1:13 means paying yourself. So, what is
1:14 pocketing the funds? Let's say, for
1:17 example, I have an LLC and I have a
1:20 service and I charge $5,000 or $2,000 or
1:22 $1,000 for it. Someone pays my business
1:24 for the work that we're doing. The money
1:25 goes right into my business bank account
1:27 and then I go to Chick-fil-A and buy me
1:29 some food with my business credit card
1:31 or I use the money that's in my
1:32 business's bank account, transfer it
1:34 over to my personal bank account and pay
1:36 my rent with it, pay my mortgage with
1:37 it, pay my cell phone bill with it. When
1:39 you're running an LLC, running a
1:40 for-profit, there's no one telling you
1:42 that you can't do that. There's no laws
1:44 to tell you that you can't pocket the
1:46 funds because that's why an LLC is
1:47 created. But when you're running a
1:49 nonprofit, you can't just pocket the
1:51 funds. You can't get a donation for $100
1:54 and then you use $25 of that donation to
1:56 go get you some food at Chick-fil-A or
1:57 Starbucks or whatever it may be. But
2:00 what you can do is pay yourself a
2:02 percentage of the money that you just
2:04 generated as long as it's reasonable.
2:06 But you'll pay yourself as an employee
2:09 or independent contractor for the work
2:10 that you're doing. That's going to be
2:11 the biggest difference. So when you
2:13 become a nonprofit, you also have the
2:16 opportunity to become a 501c3 taxexempt
2:18 organization as well. Most people
2:20 believe that this is one thing when it's
2:23 actually two separate things. A 501c3 is
2:26 a tax exemption code for nonprofit
2:28 organizations. So, you have to become a
2:30 nonprofit with your state first. Once
2:32 you become a nonprofit, you can then
2:34 apply for your nonprofit to be
2:36 taxexempt. Most people think that
2:38 they're creating a 501c3. Hey, yep. I
2:40 filed my organizational with my state
2:42 and now I'm 501c3. That's not the only
2:44 thing you have to do. Again, the
2:47 nonprofit status is one thing. Becoming
2:50 a 501c3 organization is another thing.
2:52 You have to apply for this organization
2:55 to be taxexempt. LLC's, S Corp, and CC
2:57 Corps, they don't have this opportunity.
2:58 Now, with this tax exemption, this
3:00 allows all the money that you're
3:01 generating to further produce your
3:04 organization's mission to be taxexempt.
3:05 So, it doesn't matter if you receive
3:07 $10,000 from John. It doesn't matter if
3:10 you receive $100,000 from Tim. All this
3:13 money could be used as taxexempt revenue
3:14 as long as it's further producing your
3:16 organization's mission. This aspect
3:18 right here is a huge incentive to the
3:20 reason why people create organizations.
3:22 Now, with this tax exemption, this also
3:24 allows donors to receive a tax deduction
3:26 on the amount of income they donated as
3:28 well. So, if someone gives your
3:30 organization again that $10,000, you're
3:32 able to provide them with the donor
3:33 acknowledgement letter, which is going
3:34 to be your receipt essentially letting
3:36 them know how much money they just
3:38 donated to your organization, and then
3:39 they'll be able to provide that to their
3:41 CPA or to their accountant and get tax
3:43 deduction at the end of the year. Now
3:45 you see the term nonprofit and in most
3:47 cases when people see that they believe
3:49 no money. But that is a huge
3:50 misconception. Look, I want to provide
3:52 you some data here. Look, over 1.5
3:54 million nonprofits were registered in
3:58 the US as of 2024 according to the IRS
4:00 data. And the nonprofit sector
4:03 contributes to over $1 trillion
4:05 economically annually. It accounts for
4:08 about 10% of the America's workforce.
4:10 And we're in every industry now. health,
4:12 education, social justice, housing,
4:14 arts, mental health, environmental, so
4:16 much more. The term nonprofit does not
4:19 mean no money. It just means that you
4:21 can't pocket the revenue. You can pay
4:23 yourself a percentage. So, let's say you
4:26 raise $100,000 as the executive
4:27 director, as long as it's voted on by
4:28 the board. That's something that you're
4:31 going to need to do as well. Vote on how
4:33 much money that your yourself as a
4:35 founder can generate from every dollar
4:36 that's received. I'm going to encourage
4:38 you go watch the video that I created on
4:40 how founders can generate revenue, but
4:41 also how board members can generate
4:43 revenue as well. That's going to give
4:45 you a very good outline and
4:46 understanding of what you need to do to
4:48 position yourself to be paid as an
4:50 executive. So, it's clear that money is
4:51 definitely being raised in this space.
4:53 Trillion dollars annually, over 12
4:55 million people employed, and again, 10%
4:57 of the Americans work for a nonprofit.
4:59 But it's important to understand the
5:00 difference between pocketing the money
5:03 and being paid for your work. Now, how
5:04 do nonprofits actually make money?
5:07 Spoiler alert, grants are not the
5:09 largest way for nonprofits to raise
5:12 capital. I I repeat, grants are not the
5:14 largest way that nonprofits raise money.
5:16 So, let's break this down. According to
5:18 Urban Institute, Giving USA, and the
5:22 NCCS, over 49% of the revenue comes from
5:26 program service fees. Program service
5:28 fees. So, this means se fees for your
5:30 service, tuition, ticket sales. the
5:33 YMCA, their largest revenue stream is
5:35 the memberships, hospital services,
5:37 museum tickets, right? Whatever is a
5:39 nonprofit, there is a way for you to
5:41 raise capital for that business. And
5:44 that is going to be through the program
5:46 service fees. So maybe you're getting
5:47 ready to have an event and you want to
5:49 charge for ticket sales. Maybe at your
5:50 event, you're going to have four or five
5:52 different vendors and each of these
5:53 vendors, you're going to charge them
5:56 $250 per person to sell any products and
5:58 programs or services they may offer as
6:00 well. All these are revenue generating
6:02 ideas that you could have for your
6:05 organization and not be 100% relying on
6:07 grants. Number two is government
6:10 contracts and reimbursement. 32%, listen
6:14 to me, 32% of the money coming from the
6:16 nonprofit sector is from Medicaid
6:19 reimbursement, housing vouchers, and
6:20 state partnerships. So, if you're an
6:22 organization that is looking to house
6:24 people, if you're someone that's looking
6:26 to provide Medicaid, I want you to look
6:28 more into Medicaid reimbursements. What
6:30 type of organizations and foundations
6:32 provide Medicaid reimbursement? This is
6:35 32% of the revenue generated in the
6:37 space. This is something that I'll be
6:39 spending more time on than grants. Why
6:41 is that? That's a good question. Well,
6:43 I'm glad you asked. Did you know that
6:45 corporate grants and foundational grants
6:48 in the last 24 months was less than
6:52 5% less than 5% of the money generated
6:54 in the last 24 months came from
6:57 foundational grants. Now, why why why is
6:58 it so important for me to tell you this
7:01 is because we worked with thousands of
7:02 different organizations and what I've
7:04 realized is that people come into the
7:07 nonprofit space because they think they
7:09 can get a grant, which you definitely
7:10 can get a grant, but if you listen to
7:12 what I'm telling you, this is not the
7:14 easiest way. This is not the most
7:16 successful way. And what happens is new
7:20 nonprofit founders are spending all of
7:22 their time trying to find a grant when
7:25 this only makes up 5% of the revenue
7:26 instead of spending all their time
7:29 trying to create a program or service
7:31 that can pay them 49%. Instead of trying
7:34 to find government contract, instead of
7:36 focusing on individual giving, which is
7:38 another 13% of the revenue raised in the
7:40 nonprofit space. And something now that
7:43 is growing rapidly rapidly is
7:46 sponsorships and business partnerships.
7:48 These are ways that people in the
7:51 nonprofit space are gaining success
7:53 quickly. You know, I get DMs every
7:55 single day. Do you guys offer grant
7:57 writing services? You know, we're
7:58 looking for funding for our building. We
8:02 need $17 million, right? And it's like,
8:04 you guys have been open for 3 years and
8:07 you've only spent all your time trying
8:08 to find grants and that hasn't worked.
8:10 Why haven't you tried to pivot? And I
8:13 know it's only because how we view what
8:16 we do determines how we do what we do.
8:20 Our perspective drives our performance. Our
8:21 Our
8:24 perspective drives our performance. So
8:26 if we want to have a performance shift,
8:28 we need a perspective shift. Right? So
8:30 in my opinion, if you're watching this
8:31 video, if you believe in the information
8:32 that we provide, I want to encourage you
8:35 to stop spending your entire day looking
8:37 for grants. I'm not telling you don't do
8:39 it at all. Maybe you want to outsource
8:40 it and have your board members spend
8:41 some time looking for grants so you can
8:44 spend time finding ways to raise money
8:45 for your organization that is much more
8:47 effective. Are you or are you pro are
8:48 you listening to the data that I
8:51 provide? 49% of the nonprofit revenue
8:53 comes from program services fees. 32%
8:55 comes from government contracts and
8:57 reimbursements. 13% comes from
9:00 individual donations and gifts. And 85%
9:02 of those donations come from regular
9:05 people. Right. Um 5% less than 5% comes
9:07 from foundation and corporate grants.
9:09 And then what's growing rapidly is
9:11 sponsorships and business partnerships.
9:13 So coming into the nonprofit space, I
9:16 really need you to know this. Grants are
9:19 not the highest form of funding. Do you
9:22 hear me? Grants are not the highest form
9:25 of funding. Do you know what the most
9:27 sold product in the world is? The most
9:29 sold product in the world, and Google
9:32 this is the lottery ticket. Do you know
9:35 why? is because everyone loves the idea
9:37 of getting something for nothing.
9:40 Everyone loves the idea on hitting big
9:42 and not doing that much effort for it.
9:44 This is why a lot of people come into
9:47 the nonprofit space and they only want
9:49 to get a grant. This is why grant
9:51 writers are making a lot of money. This
9:53 is why people who are um saying they can
9:55 find you grants but don't actually find
9:57 you grants. This is why they're making a
9:58 lot of money is because just to be
9:59 honest, a lot of people come into the
10:02 game and they're too lazy to gain some
10:04 information and knowledge on how to do
10:06 it correctly. They hear free money. Free
10:08 grant. Ooh, grant. I can get free money
10:10 to start my business. That sounds great.
10:13 Let me do it. Now, although that is a
10:16 great thing and grants are a huge
10:18 benefit to nonprofits, if you come into
10:22 this industry only trying to acquire
10:24 grants, I believe you're going to fail.
10:26 So then you may say, "Well, Tim, if
10:28 grants aren't the most accessible way to
10:30 funding for new nonprofits, well, what
10:31 do you suggest that we do?" I want you
10:35 to write this down. Raising funds is the
10:39 highest form of selling. Raising funds
10:41 is the highest form of selling. Now, I
10:43 it's important to me to say this is
10:45 because I know that people come into
10:46 this space and they don't like the idea
10:49 of selling. They don't want to sell.
10:51 They don't want to be salesy. They don't
10:53 want to be pitchy. And you don't have to
10:56 be salesy or pitchy in order for you to
10:59 have success. But the number one skill
11:01 set, Google this, where do you work at?
11:03 Wherever you work at, more than likely
11:06 the highest income earning position are
11:09 the sales reps. People who sell. Selling
11:13 is the highest skill in the world. You
11:15 sold your wife on marrying you before
11:17 you married her. You sold your husband
11:19 on marrying you before he married you.
11:21 Right? You're selling your kids on
11:23 listening to your opinion instead of
11:25 listening to the world's opinion. Again,
11:27 how we view what we do determines how we
11:29 do what we do. I want to encourage you
11:32 to work on research how to become a
11:34 master salesman. Why is that? Is because
11:36 fundraising is the highest form of
11:38 sales. In most cases, when you're
11:39 raising funds, when you're trying to
11:41 raise funds, the idea is still in the
11:43 ideation phase. So, there's not an
11:45 actual physical product. There's not an
11:48 actual physical land. So someone is
11:50 going to donate or contribute to the
11:52 idea. So if we're contributing to the
11:55 idea, this means that you, me, we have
11:57 to be very good at
12:00 articulating our idea. Are you with me?
12:04 We have to be very good at articulating
12:07 the power of our organization, the
12:09 vision of our organization. Listen to
12:11 me. The very first nonprofit that was
12:14 created in America was called Harvard
12:17 College, 1636. Harvard Harvard
12:19 University today. That was actually the
12:20 very first nonprofit. Let me read this
12:22 to you. And as I read this, I really
12:25 want you to hear the perspective and
12:28 also the vision behind why they thought
12:30 this should be created. I want you to
12:32 remember that why they thought this
12:34 should be created. All right. Harvard
12:37 was created to educate clergy and
12:40 produce literate leaders for growing the
12:42 colonies in New England. Why was it
12:44 created? The Massachusetts Bay Colonies
12:47 leadership believed. They believe that
12:50 an educated ministry was essential to
12:53 the survival in the spiritual direction
12:56 of our society. They
12:59 believed they believed that the educated
13:04 ministry was essential to the survival
13:07 and the spiritual direction of our
13:09 society. They created this organization
13:11 because they really thought it could be
13:14 a huge help to the world and they
13:16 communicated it in that way. Is it Is
13:18 this making sense? I I really hope that
13:20 it is. How was it funded? Harvard was
13:23 funded entirely through donations. In
13:26 1638, it received its first large gift
13:29 in books and funds from John Harvard,
13:31 which the school was named after. This
13:34 traditional charitable giving for public
13:38 benefit made Harvard the prototype the
13:40 prototype on how nonprofits operate
13:41 today. And I need to share this with you
13:43 because I know that every thought leads
13:46 to a new thought. Every idea leads to a
13:48 new idea. Every form of information
13:50 leads to a new form of information. This
13:52 organization again was created to
13:54 educate clergy and other leaders for New
13:56 England colonies. They wanted to
13:58 preserve literacy so individuals could
14:00 read the Bible. And they wanted to
14:02 advance public good through knowledge
14:04 and moral leadership. While Harvard has
14:06 evolved into a massive institution in
14:08 which we all know today, its foundation
14:10 as a charitable
14:13 donationfunded educational institution
14:15 established many of the early American
14:17 norms for philanthropic giving,
14:19 religious and educational missions, as
14:22 well as the idea of public benefit
14:25 institutions not operated for private
14:27 profit. So, whatever nonprofit you plan
14:30 on creating today, this was the origin.
14:32 I want to encourage you to rewind this
14:34 video 30 seconds, a minute or two
14:35 minutes, however far you need to go
14:37 back, just so you can hear this again
14:40 and really let this sit in your spirit
14:42 so you get it. So, I'm from Texas and
14:44 every year me and my family, we love
14:46 going to the state fair, right? Just in
14:47 this past year, I remember I was
14:49 researching the address to the state
14:51 fair. I went to the website for some
14:52 crazy reason. I don't know how I got to
14:54 the website, but on the website, I
14:55 scrolled to the bottom and it said
14:57 something crazy. It said that the State
15:02 Fair of Texas is a 501c3 nonprofit
15:05 organization. What? A nonprofit? I don't
15:08 get it. I The ticket cost $20 to get in.
15:10 For my daughter's ticket, the tickets is
15:12 $12 to get in. A turkey leg. A turkey
15:16 leg is 22 tickets. Each ticket is $1.
15:19 How? How? This place is very expensive,
15:21 right? How are they a nonprofit? I was
15:23 so confused. So, I did a little
15:24 research. The mission of this
15:27 organization is to celebrate all things
15:29 Texan by promoting agriculture,
15:32 education, and community involvement
15:35 through annual fair and yearround
15:37 initiatives. Why is this a nonprofit?
15:38 Even though it brings in millions of
15:41 dollars annually, by the way, in 2024,
15:43 they generated over $450
15:45 $450
15:48 million. Stop listening to your friend,
15:51 your cousin, the pastor. He told you
15:53 that nonprofit can't generate revenue.
15:56 He lied. This is a clear I'm giving you
15:58 a clear distinction of the truth right
15:59 here. So even though we're generating
16:01 millions of dollars annually, the key
16:04 difference lies in where the money goes.
16:06 All the revenue is reinvested into the
16:10 fair's mission. Even if they have 450
16:12 employees and we need to pay these
16:14 employees to further produce the
16:16 organization's mission, we can do that.
16:18 Even if it means we have to pay the
16:20 executives, we can do that. But what we
16:22 can't do, what we can't do is pocket the
16:25 funds. The money can't go from just the
16:26 business account into your personal
16:28 account and you go buy a Ferrari even
16:29 though they generated 400 million. What
16:32 has to happen is you as the executive or
16:33 you as the board member or you as an
16:35 employee of the organization, you're
16:38 going to be paid based on the work that
16:40 you're contributing to the organization
16:43 through salary or through 1099 as an
16:44 independent contractor. The State Fair
16:47 of Texas has no owners or shareholders
16:49 profiting from it. It supports
16:51 educational, cultural, and community
16:53 programs in Texas. Now, what the State
16:56 Fair does as a nonprofit, they host the
16:59 annual state fair, which draws a huge
17:01 amount of revenue from tickets, rides,
17:04 foods, and sponsorships. They fund
17:06 scholarships. Over $18 million was
17:08 awarded to Texas students since the
17:10 early 1990s. They support agriculture
17:13 and livestock education. So, anytime you
17:14 go to the fair, they're always promoting
17:17 the livestock education, training people
17:20 on cows, horses. They have horse rides,
17:22 all things Texans, right? They also
17:24 heavily invest in the South Dallas and
17:26 Fair Park communities through workforce
17:28 development, neighborhood grants, and
17:30 local business support. And then lastly,
17:32 which is a key ingredients to how they
17:34 can actually be a nonprofit, is they
17:36 preserve Texas heritage and culture,
17:38 funding exhibits, music, food, and
17:40 history programs. Now, if you go back
17:41 and read the mission, the mission
17:44 statement says to celebrate all things
17:47 Texans by promoting agriculture,
17:49 education, and community involvement
17:52 through an annual fair in yearround
17:54 initiatives. If you think about this
17:55 mission statement, think about all the
17:57 things that I just shared with you. This
18:01 is how they legally, ethically, morally
18:05 generate $400 plus million dollars as a
18:07 nonprofit. Nonprofit does not mean no
18:09 money. Nonprofit does not mean no money
18:12 generated. Nonprofit just means that you
18:14 can't pocket the profits. Hopefully,
18:16 this video is making sense so far. So,
18:16 just to give you a little bit of an
18:19 encouraging data, in 2023, Americans gave
18:20 gave
18:23 $499 billion to charitable causes. So,
18:25 it's not that people aren't willing to
18:26 give to your organization. You just have
18:29 to market yourself to be found. Over 85%
18:31 of donations came from individuals, not
18:33 companies and foundations. The average
18:35 nonprofit founder who's built a
18:38 million-doll nonprofit started with less
18:40 than $5,000, but they built their
18:42 organization through passion, community,
18:45 and strategy. And more than 70% of
18:47 donors give to organizations with clear
18:50 and emotionally compelling missions and
18:51 good marketing. So, getting ready to
18:53 start a nonprofit, I can guarantee you
18:54 that if you don't already have a
18:56 network, if you don't already have a
18:58 group of people that know you and know
18:59 your intent, and it's only strangers
19:01 that are working with you, don't
19:03 anticipate receiving massive amounts of
19:05 donations yet. Because what you're going
19:07 to have to do the same way as any other
19:09 business does is you have to market and
19:11 promote your services. You have to
19:13 market and promote your cause, market
19:16 and promote your mission, market and
19:17 promote your storytelling. You know what
19:19 I realized about the nonprofit space is
19:20 that everybody wants to live an
19:22 outstanding life, but not everybody
19:24 wants to stand out in their life. And
19:27 this is going to be the key ingredient
19:29 to you being successful. Imagine you
19:31 want to live an outstanding life, but
19:33 you don't want to stand out. Imagine you
19:34 want to live an outstanding life, but
19:36 you don't want to tell anybody about
19:39 your organization. This does not work.
19:41 So, look, I get it. You say that you
19:42 want to be behind the scenes. You're a
19:45 person that not really good on camera.
19:47 you're someone that is an introvert.
19:50 Hey, me too. I didn't feel like I was
19:51 good on camera only because I hadn't
19:53 gotten on camera only because I hadn't
19:55 started receiving some of the validation
19:58 and how people felt about my videos. And
19:59 then it gave me a lot of confidence to
20:01 get better. And I just want you to know
20:04 that your life can get better as you get
20:07 better. Results come from you then to
20:13 you. Results come from you then to you.
20:14 So if you have a problem with what
20:17 you're getting, you have to question
20:19 what you're giving. So you want a lot of
20:21 people to give to your organization. I
20:23 want you to question in your spirit.
20:25 What is it that I'm giving the
20:27 information? Is it valuable? Is it
20:30 useful? Is it genuinely needed? Or do I
20:31 want people to need it? This is
20:33 something that you have to be real with
20:35 yourself about. Once you create this
20:36 awareness, it's going to be very simple
20:38 for you to grow your organization. Now,
20:39 running your nonprofit, you're going to
20:41 need at least three board members, and
20:43 they could be, including yourself. These
20:45 board members can be family. If they
20:47 are, that's completely fine. These board
20:48 members in most states can be under the
20:50 age of 18. So, you can almost have
20:52 anyone be on your board. It doesn't
20:54 matter who it is. The only thing is as
20:55 you start to grow, you want to make sure
20:58 that you have skill sets that are
20:59 valuable to the growth of your
21:01 organization. So just because Tim is
21:03 your friend doesn't mean Tim should be
21:04 on your board if Tim doesn't have the
21:07 skill sets that are needed to grow the
21:09 organization. Running this business, I
21:10 want you to know that you will not be
21:12 able to do it alone. You're going to
21:13 need your board. You're going to need
21:15 volunteers. You're going to need people
21:17 who are willing to support. And the way
21:21 to do this is to market and promote your
21:23 organization. You have to be good and
21:24 get good. If you're not good right now,
21:26 it's completely okay. But you have to
21:29 decide that you're going to get good at
21:30 learning how to communicate your
21:32 mission. Can you write that down for me?
21:34 You have to decide that you're going to
21:37 get good at learning how to communicate
21:39 your message to your audience. This is
21:42 how you will succeed as a nonprofit
21:44 organization. So look guys, as we wrap
21:46 up here, nonprofit does not mean no
21:48 profit. It does not mean no money
21:51 generated. I gave you clear data on how
21:53 many different organizations are raising
21:55 large amounts of money as a nonprofit
21:57 organization. Over 12 million people
22:00 today are employed by nonprofits. So,
22:03 you can definitely start a nonprofit and
22:06 raise capital without only applying for
22:08 grants. I know that you're going to
22:09 apply for grants and you should apply
22:11 for grants, but what I would encourage
22:14 you not to do is spend all of your time
22:17 applying for grants. actually create a
22:19 service that people need, actually
22:21 create programs that people need,
22:23 partner with different businesses,
22:25 partner with different foundations. You
22:27 have to go put yourself out there and
22:30 talk to people about sponsoring your
22:31 organization. The best way to build
22:33 connection is toeto-toe. I want you to
22:35 remember me telling you that the best
22:38 way to build connection is toeto toe.
22:41 sitting at a desk in front of somebody
22:43 explaining who you are, what you are,
22:45 how you are, why you are, how you are,
22:46 why your business is, how it is.
22:49 Remember that people support people more
22:52 than they support businesses. So, people
22:54 need to know you if you want them to
22:56 know your organization. Remember me
22:59 saying that. I believe in you. I respect
23:01 you. I admire you for being on this
23:02 journey. If you're looking for more
23:05 indepth of exactly how to start a
23:06 nonprofit organization, I'm going to
23:08 encourage you to go watch my video that
23:10 I created on how to start a nonprofit
23:13 organization in 2024 or in 2025. It's
23:14 probably the most in-depth video that
23:16 you've seen on actually how to start.
23:17 Hopefully, this video has been
23:18 informative for you and you now have a
23:20 better understanding of what a nonprofit
23:22 actually is. Gave you some history about
23:24 a nonprofit. And again, I know that
23:25 every thought leads to a new thought.
23:27 So, with that being said, again, my name
23:29 is Timothy Wright, the founder and CEO
23:31 of the nonprofit launcher. I'm signing
