We have talked at length about the differences between the two primary categories of 501(c)(3) – public charities and private foundations. What we haven’t addressed as much is the lesser understood category of private operating foundations. In this article, we going…
The IRS has all sorts of rules about what your nonprofit can and can’t do and still maintain 501(c)(3), tax-exempt status. In this article, we’re focusing on the rules concerning the who. Specifically, who can and can’t fulfill certain roles…
Over the course of our many years in business, we have found the public support test to be among the least understood topics by nonprofits, especially smaller organizations. But, it is absolutely critical to understand how it works, lest your nonprofit…
There’s a lot that goes into starting a nonprofit. Here’s 11 things to consider…because 10 is never enough!
There are lots of reasons why your nonprofit’s annual IRS Form 990 is critically important. Chief among those reasons is that it is legally required that your organization file one each year. But another important consideration is the public transparency…
“What Is a 509(a)(3) Supporting Organization?”. Now, we want to take a look at one way to take advantage of this unique structure.
When starting a 501(c)(3) organization, there are generally two choices of how the organization will be classified. It can be a public charity or a private foundation.
Most people, or at least me, like lists of facts. Like the height of Mount Everest is 29,032 feet high. Although it was considered to be 29,028 feet high until December of 2020, when the official height was changed. Facts…
We love to see nonprofits hit the ground running once they decide to get started, and Think Happy Thoughts Foundation did exactly that. With their quick application approval at the IRS, Think Happy Thoughts Foundation has already made grand strides…
At Foundation Group, we know how incredible our clients are and how hard they work to accomplish their respective exempt purpose. Gentle Lion is no exception to this across their many years of operation. So, we want to shine a…