Death and Taxes: Understanding 501(c)(13) Cemetery Companies
…But in this world nothing can be said to be certain, except death and taxes. – Benjamin Franklin
How To Convert A Private Foundation To A Public Charity
So, you started a private foundation. But now that the IRS has approved your nonprofit as a foundation, you’re questioning whether or not that was the right idea. You’re thinking maybe you should have chosen public charity. Surely you can…
Nonprofit Unrelated Business Income Explained
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…
The Penalties for Failing to Register for Charitable Solicitations
One of the questions we are frequently asked when it comes to charitable solicitations or fundraising registration is the cost of non-compliance. What risk does an organization run if it fails to properly register in a state where it’s required?
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…
What Nonprofits Need to Know About Cryptocurrency
It seems like a week doesn’t go by these days without a client or prospective client asking about cryptocurrency. Can my nonprofit accept donations of crypto? Can we invest in it? Let’s try and shed some light on this very…
Hiring a Board Member in a Private Foundation
We talk a lot around here about conflict of interest and the negative outcomes associated with insiders having financial entanglements with the organization. It gets a lot more dicey when the nonprofit is a private foundation. So how can a…
Should I Incorporate My Nonprofit in Delaware?
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…
What Is A Registered Agent?
The position of Registered Agent is an essential part of the corporate landscape. Both for-profit and nonprofit corporations need one, but their role is often misunderstood. So, what is a Registered Agent, and why do you need one?
Using a 509(a)(3) Supporting Organization as a Private Foundation Alternative
“What Is a 509(a)(3) Supporting Organization?”. Now, we want to take a look at one way to take advantage of this unique structure.