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“Your team was helpful because they walked me through the area of fundraising.
This may sound like an unbelievable disconnect, but I hadn't even considered that our organization might actually be doing fundraising events. And what would that look like? I was very myopically focused on the fact that we're a trade organization. We have memberships, and memberships will pay. That's how we'll generate revenue.” -Traci DeForge
Welcome to The Nonprofit Counsel podcast, hosted by May Harris, Esq.. In today's episode, we are honored to feature Traci DeForge, the founder of Produce Your Podcast and Co-Founder of The Podcast Professionals Association. Traci shares the mission of Produce Your Podcast, the producer of The Nonprofit Counsel podcast, and discusses the inspiration behind co-founding The Podcast Professionals Association. The conversation delves into the importance of hiring a professional to guide you through the steps of starting a nonprofit correctly, explores the differences between a 501(c)(3) and a 501(c)(6), and provides insights on compensating founders. This episode is packed with valuable information for anyone looking to start a nonprofit or those working in the nonprofit sector with questions.
[1:16] Traci discusses the goals of Produce Your Podcast, starting the nonprofit Podcast Professionals Association and discussion of the launch of May’s book last August, How To Start A Nonprofit That Will Change The World
[8:41] Discussion of the differences between 501C3 and 501C6
[15:40] Traci shares her business journeys and being intimidated by the various regulations of starting a nonprofit, and May shares that respect for the rules is required
[21:04] Traci discusses how May assisted her in setting up the Podcast Professionals Association nonprofit and discussion the compensation founders
[30:04] Details of determining compensation for co-founders
[36:36] Discussion of who will benefit from May’s book and the audio version coming out in August, and Traci highly recommends listeners purchase May’s book from Amazon and download the audio version