Philanthropy’s New Model: Takeaways from the Siemer Institute
The following is a guest post from by Sheri Chaney Jones from SureImpact.
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…
Fiduciary Responsibility of Nonprofit Board Members
One of the primary responsibilities of any nonprofit board member is to maintain the financial integrity of the organization they serve. Board members act as trustees of the organization's assets and must exercise due diligence and oversight to ensure that…
Are You Misappropriating Your Nonprofit’s Funds? A Look At Restricted Donations
One of the things that you learn quickly when starting and operating a 501(c)(3) organization is that you have to handle money wisely. A nonprofit is no different than any other business in that you must make ends meet. Otherwise,…
Top Productivity Tools for New Nonprofits
When you’re just getting started, there’s a LOT to do, from building your Board to setting up an office to raising money. And if you are the founder, you are probably doing most of the work yourself. That’s when a…
Creating Engaging Content for Your Donors: 4 Things to Know
The following is a guest post from TagFi, an engagement & revenue growth software for communities worldwide. Nonprofit funding is more complicated than just asking for donations. In fact, many nonprofits are already mixing business and charity to earn more…
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. …
Tips on How a Nonprofit Can Partner With Businesses
Mixing business and charity seems like it's all the rage. Done well, it can be an effective way to both further the mission and raise financial support. In this post, we're going to explore examples of each.
Nonprofit Bylaws – The Dos and Don’ts
Bring up the subject of a nonprofit’s bylaws and you are sure to get an interesting response. For many nonprofit’s, their bylaws are just some forgotten document, full of legalese, gathering dust in a file cabinet somewhere. No one on…