Wouldn't it be great if your nonprofit never had to think about the IRS again, once they approved your 501(c)(3) status, that is? Well, as you can imagine, that simply isn't the case. Nor should it be, truthfully. As it is, the…
It's been about 10 years since we last published an article about your nonprofit website, but we field questions from clients about this subject on a weekly basis. And, in the time since that 2009 post, our wired world has…
Nonprofits seeking federal tax-exemption under Section 501(c)(3) of the Internal Revenue Code have for decades applied by filing Form 1023 with the IRS. In 2011, the National Taxpayer Advocate recommended that the IRS develop a simplified method, particularly for small…
In our last post, we began our exploration of supporting organizations by answering the question, "What Is a 509(a)(3) Supporting Organization?". Now, we want to take a look at one way to take advantage of this unique structure. A Common…
A 509(a)(3) supporting organization is a unique entity in the nonprofit space. It is a sub-category of 501(c)(3), and it is considered a public charity in-and-of itself. What is substantially different about a supporting organization, however, is the fact that…
Guest Article: Sandy Rees, Founder and Chief Encouragement Officer of Get Fully Funded When you have a new nonprofit, you need money fast to get everything up and running. You need to pay for programs, overhead, and salaries. So, you…
The concept of who owns a nonprofit organization can be hard for some to grasp, especially given that the answer is, "No one!" We encounter this confusion with new clients on a fairly regular basis. And, given people's understanding of how…
...But in this world nothing can be said to be certain, except death and taxes. - Benjamin Franklin Benjamin Franklin is credited with penning this idea in a letter he wrote in 1789, though there is some dispute as to…
Risk management should be among the top strategic initiatives of every nonprofit board of directors. Establishing effective policies and procedures will help, as will requiring separation of duties and limiting conflict of interest. But, what if your nonprofit owns real…
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%…
