Your great, easy to follow. I'm starting a non-profit to develop a park, and travel center to promote the town. Travel center will have Ice cream, coffee, soft drinks, lite food. Among other things. I'm also retire, will that cause a problem.
I am newly established (private foundation). I have used my own money to start up such as the 1023EZ, Marketing items, website/domain-- can I pay myself back out of the funds I have received into my nonprofit?
Sorry for the delayed response. You can only do that if two things are both true: 1) You did not claim the money spent as a charitable contribution to the nonprofit (can't double-dip!), and 2) You have a written expense reimbursement policy/agreement in place, preferably prior to having spent the money. If you've already spent the money...and I suspect you have...put a policy in place anyway before you reimburse any funds. Your board needs to approve this policy and also approve the idea that it will cover your prior expenses in arrears.
