We have developed a social website to improve the communication among parents of schools going kids. Our product users (school kids parents) love the functionality and want to use it. However, most school districts and school principals are not approving to use our product in public schools stating that they can only allow and endorse only “non-profit” organization’s products in the public schools. Without schools approvals, we can't scale our business
We have two goals and expectations from this product: 1. “Do Social Good” by improving the parent’s communication 2. “Earn Money” by showing online/banner ads to the parent’s users using our website.
To achieve above goals, we are considering setup a Non-Profit organization 501 c3.
From the profits, we will pay our salaries and operational expense, and re invest the remaining profits into our website; so it full fills of our goal of doing “social good”.
1. What are your thoughts/view on setting the non-profit organization for above goals? W can’t urn this program under S or C-corp as public schools don’t encourage “for-profit” programs.
2. Are there any restrictions on the amount of salary withdrawn by founding members of a "non-profit" organizations?
We are 3 ffounding members based in Calfornia.