After incorporating in your state and setting up your nonprofit’s 501(c)(3) status with the IRS, the biggest regulatory concern that you’ll have is maintaining ongoing compliance with the law. The regulatory filings required for both state and federal entities are…
So you want to start a new nonprofit. Great! Now how do you pay for it? Starting and operating a new organization is not easy… or cheap. And, how do you convince people to give to an organization that doesn’t…
The concept of who owns a nonprofit organization can be hard for some to grasp, especially given that the answer is, “No one!” We encounter this confusion with new clients on a fairly regular basis. And, given people’s understanding of how basic…
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.
Now, more than ever, the nation needs nonprofit organizations. The need is great and still growing.
No decision you make regarding your nonprofit organization carries more importance than who is chosen to lead it. The members of your board of directors make up the governing body of your nonprofit and are legally accountable for its actions. …
The king of the nonprofit world is the 501(c)(3) public charity. This is what most people mean when talking about a nonprofit. It has federal income tax exemption, contributions to it are tax deductible to the donor and it is…
Once you’ve decided your mission, developed an operations strategy and started building a team, it’s time to prepare and file your incorporation documents and 501(c)(3) status applications. If you’ve done your homework properly in documenting your mission, strategy and plans,…
Once you know the purpose of your nonprofit organization and have an understanding of your desired ownership and controls mechanism, it is time for you to choose the type of 501(c)(3) that best represents your organization’s planned operational structure. There…
It is a shocking development in a story that continues to explode. Lois Lerner, the Director of the Exempt Organization’s unit at the Internal Revenue Service, who is scheduled to appear before Congress tomorrow morning, has said through her lawyer…