Many nonprofits tend to focus primarily on their federal compliance filings, such as IRS Form 990, and for good reason. All tax-exempt nonprofits must file a version of Form 990 each year. But for organizations based in other states, particularly…
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…
When it comes to staying compliant with state regulations governing fundraising, it's pretty safe to say you want to do things the right way. And, if you are fundraising in multiple states, you will want to comply with the registration…
40 states, plus Washington DC, require 501(c)(3) nonprofits to register prior to soliciting donations. And, since most states now consider all forms of revenue generation by your nonprofit to be a solicitation, you simply must be aware of what is…
One of the primary responsibilities of any nonprofit board member is to maintain the financial integrity of the organization they serve. Board members act as trustees of the organization's assets and must exercise due diligence and oversight to ensure that…
Timely and accurate filing of Form 990 is essential to the ongoing success of your nonprofit. We often run into the false notion that since it is a nonprofit filing the return, that the IRS really doesn't pay that much…
We talk a lot about IRS Form 990 around here, and for good reason. It's the most critical annual compliance filing you have. What we don't talk a lot about, however, is how best to prepare for Form 990 season.…
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…
So, you're planning on starting a new nonprofit sometime soon. Maybe you've heard something about incorporating, but you don't fully understand what that means. Or, someone told you to form an LLC instead. There's a lot of misinformation and misunderstanding…
Starting any type of business is a risky endeavor. Whether you're starting a consulting firm, a food truck, or a nonprofit food pantry, entrepreneurs face unique risks. And given that nonprofits can't have owners, many social entrepreneurs face an even…