As we established in our Form 990 overview post, there are 5 versions of IRS Form 990, one or more of which is required to be filed annually by every 501(c) organization. Form 990-N, the shortest version and the one required…
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…
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 it…
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…
It took over five years, but a unanimous 3-judge panel of the 7th US Circuit Court of Appeals ruled in March that the clergy housing allowance is constitutional, overturning a District court decision from 2013. The original suit was brought…
Jo asks: Can person(s) have a proxy for an Annual Congregational meeting when voting on the annual church budget? Are there any guidelines of when it is permissible to have a proxy if you cannot attend a meeting because of…
Maryann asks: We are a board of directors of a +55 nonprofit adult community. We have had multiple board members quit and are down to the President & Vice-President. With only two sitting on the board, how do we make…
Angela asks: What happens when you have a nonprofit foundation that does not follow their own bylaws, does not vote on anything, and board members are added and deleted at the whim of the President with no votes on anything…
Lori asks: I’m head of a board for a 501(c)(3) where the only employee is also the president and founder of the organization. Her salary is currently 20 percent of our budget and she is asking for a large increase…
Foundation Group’s CEO, Greg McRay, was interviewed on the New Year’s Day episode of The Balancing Act on Lifetime Television. Co-host Julie Moran talked with Greg about the what’s involved with starting a nonprofit. It was a lot of fun…