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…
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…
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. …
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.
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…
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. …
When starting a 501(c)(3) organization, there are generally two choices of how the organization will be classified. It can be a public charity or a private foundation.
Timely and accurate filing of Form 990 is essential to the ongoing success of your nonprofit. We often run into the false notion that since it is a nonprofit filing the return, that the IRS really doesn't pay that much…
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…
We talk a lot about IRS Form 990 around here, and for good reason. It's the most critical annual compliance filing you have. What we don't talk a lot about, however, is how best to prepare for Form 990 season.…