Maintaining timely and accurate financial records is one of the most important responsibilities facing every nonprofit organization. But, doing it right is time-consuming, and the rules are complicated. In fact, bookkeeping can be so complicated that 40% of small business…
Good news from the IRS usually sounds like the beginning of a funny joke...but not this time. In an unexpected move, the IRS announced in late January a revised filing fee schedule for applicants for 501(c) status. Most applicants will…
You have seen the videos from stores during Black Friday: mass amounts of people funneling into a store to grab anything and everything they can. People go on day-long shopping sprees to cross off everything on their list for the…
This is a conversation our staff members have with clients at least 4 or 5 times per week: The issue of a nonprofit hiring and paying an independent contractor. What is fascinating is the degree of resistance we often get…
Last week's article discussed the steps an organization must take to transition from its incorporated state to a new state for operations. If you have questions or concerns about the process of relocating your nonprofit to a different state, be…
Many nonprofit leaders have faced the difficulty of needing to relocate. Researching this process would leave anyone with a great deal of confusion. Should I dissolve the organization and start over? Am I required to do anything at all? To…
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?…
Most people say the hardest thing about growing a small nonprofit is figuring out the funding. When you have a thousand things to do to run your programs, recruit volunteers, manage your Board, and spread the word about your good…
Your board of directors is one of the most important assets your nonprofit has. Assuming they understand their role and are there for the right reasons, your board members provide invaluable insight, direction and oversight. They volunteer their time and…
We get a lot of questions from our clients about their organizations’ meeting minutes. Our exemption specialists often give advice on questions like “When should we record meeting minutes?” and “Why are meeting minutes so important?” There is great importance…
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