Every dollar counts for nonprofits, but some of the most valuable contributions don’t involve cash at all. In-kind donations — like donated equipment, pro-bono services, and surplus products — provide essential resources that allow organizations to stretch their budgets and…
A few months ago, we looked at some key points regarding nonprofit executive compensation. This week, we want to take a closer look at best practices for paying everyone else your organization employs.
Expressed in the most gut-level of ways, nonprofits exist to make the world a better place. They feed the hungry, shelter the homeless, educate the children, and support countless other worthy causes. Yet, ironically, many nonprofits still operate under the…
Imagine the joy of seeing your congregation come together to build a youth center, expand your community outreach program, or renovate your sanctuary. Or, maybe you’re dreaming of planting a church and need vital startup funds. No matter where your…
UPDATE (12/27/2024): The 5th Circuit Court of Appeals has today reversed itself and reinstated the nationwide injunction against enforcement of the Beneficial Ownership Information reporting. See below for the entire saga.
We have talked at length about the differences between the two primary categories of 501(c)(3) – public charities and private foundations. What we haven’t addressed as much is the lesser understood category of private operating foundations. In this article, we going…
There’s a well-worn cliché that says, “If it’s not in writing, it didn’t happen”. When it comes to your nonprofit, no truer statement was ever uttered! But, unless you are the uber-organized type who just instinctively writes everything down, documentation…
If you’ve recently started a nonprofit or are helping an up-and-coming organization grow, volunteer recruitment and retention are probably top priorities. Taking the time to reach out to community members and introduce them to your organization is key, but once…
Most people involved with nonprofits know that there are certain rules that must be followed. Now granted, there is a lot of misunderstanding with regard to what the rules mean and how to properly follow them. And it goes without…
Several months ago, we posted an article and accompanying video about Beneficial Ownership Information (BOI) filings for nonprofits. We’re almost one year into this new requirement, and with 2025 on the horizon, what changes and/or updates do you need to…