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
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?
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…
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.
How the IRS Defines Charitable Purpose
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…
What Is A 501(c)(7)?
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…
What Is A 501(c)(6)?
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. …
What Is A 501(c)(4)?
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. …
The Importance of Confidentiality For Nonprofit Boards
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…
3 Key Considerations for Charities and Foundations Offering Scholarships
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…