Good governance is readiness in action.
Before ReadyMeNow™ had funding or a following, we had a board. Three people, independent, engaged, and willing to learn. We met quarterly, recorded minutes, and adopted basic bylaws.
Why start there? Because structure shows seriousness. The IRS does not judge passion, it looks for accountability. Minutes, policies, and independent oversight prove that you intend to serve the public, not yourselves.
Think of your board as the backbone of readiness. You do not need many people, but you need dependable ones. Each member should understand the mission, read what they sign, and stay involved enough to guide decisions.
Keep a binder or digital folder with bylaws, conflict-of-interest policy, and meeting minutes. These documents protect you later when applying for grants or insurance.
When your organization grows, this early discipline becomes your quality system, the same one funders look for when they assess trustworthiness.
Tip: Readiness is demonstrated, not declared. A small, consistent board proves far more than a large, inactive one.
Click here to view IRS: Overview of Form 1023
Form 1023 is used to apply for recognition as a tax exempt organization under section 501 (c)(3) of the Internal Revenue Code. Organizations file this form to apply for recognition of exemption from federal income tax under section 501(c)(3).
Click here to view IRS: Instructions for Form 1023
Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code - Use Form 1023, including the appropriate user fee, to apply for recognition of exemption from federal income tax under section 501(c)(3).