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Should I Incorporate My New Nonprofit?

So, you're planning on starting a new nonprofit sometime soon. Maybe you've heard something about incorporating, but you don't fully understand what that means. Or, someone told you to form an LLC instead. There's a lot of misinformation and misunderstanding…

Where to Find Your First 100 Donors for Your New Nonprofit

Where to Find Your First 100 Donors for Your New Nonprofit

EVERY new nonprofit needs donors to fund their work. In fact, the more donors you have, the more money you can raise. Seems obvious, right? We encourage people to build their donor base to at least 1,000 donors to start.…

Recordkeeping Basics for Nonprofits

Recordkeeping Basics for Nonprofits

There's a well-worn cliché that says, "If it's not in writing, it didn't happen".  When it comes to your nonprofit, no truer statement was ever uttered!  But, unless you are the uber-organized type who just instinctively writes everything down, documentation…

How the IRS Defines Charitable Purpose

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…

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