Starting a nonprofit is not for the faint-of-heart. Starting any kind of new business is a brave venture that requires strategic thinking, bold determination, hard work, and broad shoulders. Simply put, it’s not for everyone. But for those with the…
In the nearly 30 year history of our company, we have helped tens of thousands of nonprofits startup. From small to large, and with budgets measured in thousands to millions of dollars, we’ve seen them all. And though there are…
SUSTAINABILITY. That’s been the buzzword around the nonprofit space for over a decade. Organizations everywhere are looking for ways to build-in revenue streams to supplement, or even replace, traditional donations. The reality is, no matter how appealing the idea is,…
A few months ago, we looked at some key points regarding nonprofit executive compensation. This week, we want to take a closer look at best practices for paying everyone else your organization employs.
Expressed in the most gut-level of ways, nonprofits exist to make the world a better place. They feed the hungry, shelter the homeless, educate the children, and support countless other worthy causes. Yet, ironically, many nonprofits still operate under the…
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…
There’s a well-worn cliché that says, “If it’s not in writing, it didn’t happen”. When it comes to your nonprofit, no truer statement was ever uttered! But, unless you are the uber-organized type who just instinctively writes everything down, documentation…
Most people involved with nonprofits know that there are certain rules that must be followed. Now granted, there is a lot of misunderstanding with regard to what the rules mean and how to properly follow them. And it goes without…
Several months ago, we posted an article and accompanying video about Beneficial Ownership Information (BOI) filings for nonprofits. We’re almost one year into this new requirement, and with 2025 on the horizon, what changes and/or updates do you need to…
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…