Nonprofit organizations do amazing work—feeding the hungry, helping the homeless, supporting community initiative — but you know that already. When it comes to politics, however, especially during election season, nonprofits need to be extra careful. Whether you’re running a charity,…
There are few topics that generate more confusion to nonprofit managers than unrelated business income (UBI). It is also one of the areas than can cause the most problems for your organization. It can cost you money in the form…
If you have experience in the for-profit world, you have likely heard the common advice that you should incorporate a new business in the state of Delaware. More than 60% of Fortune 500 companies are incorporated in Delaware. There are…
Work with startup nonprofits for as long as we have, and you’re bound to hear virtually every idea someone could come up with. We had a lot of fun in our last post exploring the terrible ideas people have that…
At Foundation Group, we love nonprofits. And, we love working with our clients who are setting up these essential organizations all across the globe. There are many great reasons to start a nonprofit. As you’ve no-doubt seen in our marketing…
Nonprofit organizations thrive on the dedication and commitment of their board members. However, as much as we hope for a gloriously harmonious experience, conflicts may arise, and difficult board members can present challenges. In this article, we will discuss how…
Nonprofits seeking federal tax-exemption under Section 501(c)(3) of the Internal Revenue Code have for decades applied by filing Form 1023 with the IRS. In 2011, the National Taxpayer Advocate recommended that the IRS develop a simplified method, particularly for small nonprofits. The…
Running a highly effective nonprofit organization is no small feat. The mission-driven focus of nonprofits places a high demand on resources, time, and energy. However, in the process of making a difference, many nonprofits find themselves grappling with compliance issues…
Nonprofit executive compensation tops the current list of IRS hot button issues. In recent years, the IRS has been ramping up its oversight and enforcement of nonprofit executive compensation. With all the rancor surrounding executive perks and bonuses on Wall…
One of the lesser known purpose categories of charitable 501(c)(3) organizations is “Scientific”. But what exactly does that mean? Does your nonprofit qualify as a scientific charity?