Moving slowly...
"The bad news is time flies. The good news is you're the pilot."
-Michael Altshuler
Seriously, where is the time going? It's almost November. So much for my plan to provide regular updates on the non-profit start-up process. How do people have the discipline to sit down and write/edit a blog on a regular basis? I am too easily distracted by…well, everything: I should sit down and write a blog post tonight, oh wait, the cat wants to play. OK, now I really should sit down and write, oh, but I think I should do laundry so I can have warm sheets when I go to bed. Alright, sit down and write…let me just check my email….
OT Students Rock
I was finally spurred into action when I found out that an OT student (hi Biz!) will be working with me and the organization for her doctoral capstone project next year. Yay! In the spring, we’ll figure out more specifically what her project will be with us, but I’m so excited to have another student on board to offer new ideas and perspectives!
![]() | ||
OT students repairng a rollator at a Richmond Health and Wellness Program event I’m also really excited that I have another OT student who has agreed to join our board of directors! Lauryn Helstrom is going to serve as our secretary and also help with student volunteer recruitment. A big part of what the organization hopes to do is to offer intergenerational activities so I felt it was important to have the perspective of younger generations on the board. We’re currently having fun learning Robert’s Rules of Order and the formal procedure for taking board meeting minutes. We’re hoping to have our first formal board meeting by the end of the year in order to approve the bylaws and 2023 budget so we can actually get going on programming… We're Official!Which brings us to the point of this post: updates on the status of the organization. Things are moving forward, though oftentimes slower than I had hoped and anticipated. We have an official name, Richmond Aging and Engaging, and logo: We have a domain name and organizational email address (@agingandengaging.org) and eventually a webpage (www.agingandengaging.org), and we have a mission statement: The mission of Richmond Aging and Engaging is to support the health, wellness, and quality of life of older adults aging-in-place in low-income housing. Through creative, educational, and fitness programming, and opportunities for volunteer service, we ensure access to meaningful activities that foster a sense of purpose, build social connections, and empower older adults to live their best life. We are officially registered as a non-stock corporation in Virginia and have an EIN. With our attorney, we’re working on some of the required legal/business documents like the by-laws which will govern the organization and how it is run. He’s also helping to put together the application to request tax-exempt status (501(c)(3)) from the IRS. Understanding the business side of things has been a HUGE learning curve and has taken up much of my time the past couple months. Fortunately, there are a lot of good resources out there for learning the business-side of running a non-profit (see below for a list of some I’ve used and recommend). I’ve had to dig into the deepest depth of my memories to recall the accounting courses I took 15 years ago only to realize that nonprofit accounting is really different than standard business accounting…so I’ve had to learn/re-learn about fund accounting and creating a chart of accounts and budget projections and FASB accounting standards and financial control policies…and why they heck do nonprofits have different names for standard financial reports (e.g. an “Income Statement” for for-profit corporations is called a “Statement of Activities” for not-for-profit corporations). Eventually (once we actually have some money coming in) we’ll have to bring on a bookkeeper and accountant to ensure our finances are being well managed, and we’re hoping in the next year to recruit a board member with a financial background …but until then, it will just be me and an excel spreadsheet (until we get 501(c)(3) status which opens many doors for discounted software, we can’t afford the monthly fees for accounting software like Quickbooks). |



So exciting! Congrats!!! -Jen Davis
ReplyDelete