Your nonprofit is having its next board meeting soon. It just happens to be the annual meeting in which officers and directors are elected. You’re the founder and have been President and a board member since the organization was founded…
A common mistake made by both businesses and nonprofits alike is the failure to budget income and expenses. Far too often, it’s a see-what-comes-in mentality that rules the day, with no attempt to plan, manage, or adapt to changing financial…
Over the course of our many years in business, we have found the public support test to be among the least understood topics by nonprofits, especially smaller organizations. But, it is absolutely critical to understand how it works, lest your nonprofit…
After incorporating in your state and setting up your nonprofit’s 501(c)(3) status with the IRS, the biggest regulatory concern that you’ll have is maintaining ongoing compliance with the law. The regulatory filings required for both state and federal entities are…
It’s no secret that artificial intelligence (AI) has permeated many areas of personal and professional life today, including nonprofit work. From analyzing donor data more deeply to creating tailored marketing content to streamlining financial recordkeeping, there are countless opportunities for…
If you’re trying to start a nonprofit, chances are you’ve come across terms like “5013c,” “501c,” “501 c 3,” and “501(c)(3)”—maybe even used them interchangeably. But while they might sound similar, only one of them is actually correct. Spoiler alert:…
There are lots of reasons why your nonprofit’s annual IRS Form 990 is critically important. Chief among those reasons is that it is legally required that your organization file one each year. But another important consideration is the public transparency…
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…
A few months ago, we looked at some key points regarding nonprofit executive compensation. This week, we want to take a closer look at best practices for paying everyone else your organization employs.
Expressed in the most gut-level of ways, nonprofits exist to make the world a better place. They feed the hungry, shelter the homeless, educate the children, and support countless other worthy causes. Yet, ironically, many nonprofits still operate under the…