Nonprofit executive compensation tops the current list of IRS hot button issues. In recent years, the IRS has been ramping up its oversight and enforcement of nonprofit executive compensation. With all the rancor surrounding executive perks and bonuses on Wall…
One of the lesser known purpose categories of charitable 501(c)(3) organizations is “Scientific”. But what exactly does that mean? Does your nonprofit qualify as a scientific charity?
In the nonprofit world, every dollar counts. From continuing your core mission to paying your staff, funding is vital. Imagine doubling almost every contribution you receive. Matching gifts make that dream a reality. Through corporate matching gifts, companies match employees’…
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,…
So, your nonprofit teaches people things? I guess that makes your nonprofit an…educational charity? That just might be true. Today, we’re looking at the 501(c)(3) purpose category of education.
IRS Form 990 is the most critical annual compliance filing for nonprofits. It’s like a window into your nonprofit, which makes it a challenging tax (information) return to complete. That’s where this guide comes in. We’ll answer all the questions…
We’ve talked in the past about 501(c)(3) charitable purposes…what they are and how they’re defined. Today, we’re going to start a series where we spend a little more time exploring each of the categories and looking at the types of…
If you’re passionate about a cause, you’re likely eager to take action and make a difference. While there are seemingly endless ways you could go about this, starting a private foundation might be the solution. Although launching your own organization…
With nearly 70% of employed adults in the United States working in the for-profit world, nonprofits like yours need to have a strong hiring approach in order to keep up. Competing with businesses to attract candidates to your nonprofit organization…
One of the assumptions that we run into a lot in the course of our work is the idea that, for tax purposes, churches and ministries are essentially the same category of nonprofit. Turns out, that’s not exactly how it…