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…
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?
“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.
When you hear the term nonprofit, the first thing that typically comes to mind is a charity, or 501(c)(3) organization. That’s for good reason, since roughly 78% of all tax-exempt organizations are exempt under IRC Section 501(c)(3). The remaining 22% consists…
We are continuing our multi-article series on the other nonprofits…and by other I mean those that are not charitable in nature. So far we’ve explored social welfare nonprofits and business leagues. Today’s post examines the third most common type of…
Many people are not aware there are nonprofits organized as a 501(c)(6), at least not enough to recognize them for what they are. The 501(c)(3) charitable nonprofit is so engrained in their consciousness, they don’t realize there are other categories. …
When someone talks about nonprofits, the first thing that comes to mind for most people is a 501(c)(3) charity. That makes sense, given that the majority of nonprofits have this tax-exemption designation. But charitable nonprofits don’t tell the whole story. …
Being a member of a nonprofit’s Board of Directors comes with a lot of responsibilities. You are part of the organization’s governing body. You are expected to provide guidance and oversight, as well as strategic planning. You have a monetary…
Scholarships are an excellent opportunity to make a positive impact and support the objectives and mission of your nonprofit. This is particularly true if your organization’s mission is primarily educational in nature. But the benefits aren’t exclusive to educational nonprofits…
Risk management should be among the top strategic initiatives of every nonprofit board of directors. Establishing effective policies and procedures will help, as will requiring separation of duties and limiting conflict of interest. But, what if your nonprofit owns real…