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…
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…
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…
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,…
Some days, there are pieces of mail you really wish you didn’t receive. Bills, late notices, warranty expirations, or recalls on your car are all examples of items we’d rather not get. But one piece of mail you really don’t…
Recent changes in beneficial ownership information (BOI) reporting requirements have significant implications for all business types, including nonprofits. The Corporate Transparency Act (CTA), enacted as part of the National Defense Authorization Act for Fiscal Year 2021, mandates new federal reporting…
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…
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…
The decision to dissolve a nonprofit organization is often a challenging and emotional process for all involved. There could be any number of reasons why the decision is made: financial difficulties, fulfillment of mission, lack of participation, or even a…
One of the questions we often hear from clients, especially regarding Form 990 preparation, is, “Why are you asking me so many questions?” This is sometimes followed by a comment like, “If I knew I had to answer this much…