501(c)(3) Purposes Defined: Scientific Research
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?
Are You Misappropriating Your Nonprofit’s Funds? A Look At Restricted Donations
One of the things that you learn quickly when starting and operating a 501(c)(3) organization is that you have to handle money wisely. A nonprofit is no different than any other business in that you must make ends meet. Otherwise,…
501(c)(3) Purposes Defined: Education
So, your nonprofit teaches people things? I guess that makes your nonprofit an…educational charity? That just might be true. Today, we’re looking at the 501(c)(3) purpose category of education.
Who Really Owns a Nonprofit?
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…
How to File a Form 990: Best Practices for Easy Preparation
IRS Form 990 is the most critical annual compliance filing for nonprofits. It’s like a window into your nonprofit, which makes it a challenging tax (information) return to complete. That’s where this guide comes in. We’ll answer all the questions…
501(c)(3) Purposes Defined: Religious
We’ve talked in the past about 501(c)(3) charitable purposes…what they are and how they’re defined. Today, we’re going to start a series where we spend a little more time exploring each of the categories and looking at the types of…
Expert Tips for Beginners: How to Start a Private Foundation
If you’re passionate about a cause, you’re likely eager to take action and make a difference. While there are seemingly endless ways you could go about this, starting a private foundation might be the solution. Although launching your own organization…
How to Handle Copyrights in Your Nonprofit
Foundation Group works with thousands of nonprofits each year, so we get the opportunity to deal with many complex issues. Few are as complicated and confusing as copyright and royalty questions. The goal of this post is to give you…
Charitable Solicitations Registration: Don’t Let Complexity Discourage Compliance
The system for registering to solicit contributions isn’t the easiest to understand. Even if it’s only one state you are endeavoring to comply with, the expectations aren’t that easy to follow. When it’s a multi-state registration your nonprofit is facing,…
Top 5 Reasons Why Nonprofits Fail
Here’s a factoid you’ve probably heard before: The majority of small business startups fail within the first 5 years. Sadly, the same is true for nonprofits. There are a multitude of factors that come into play that help to determine…