This course is designed for those who may be involved in nonprofit organizations at some point in their lives as directors, employees, volunteers, customers, funders, or founders. Students will learn about the opportunities and challenges that nonprofits can face by partnering with an existing ?501(c)(3) and by creating, funding, running, and dissolving an imaginary ?501(c)(3) over the course of the semester. We will discuss the theoretical bases for the nonprofit sector and for tax exemption, formation and dissolution of nonprofit corporations at the state level.