One of the primary responsibilities of any nonprofit board member is to maintain the financial integrity of the organization they serve. Board members act as trustees of the organization’s assets and must exercise due diligence and oversight to ensure that…
Your nonprofit’s website is the hub of its digital presence and activity. From spreading awareness of your mission to bringing in online donations to providing avenues to get involved in events and programs, your website is critical to your organization’s…
Nonprofit organizations do amazing work—feeding the hungry, helping the homeless, supporting community initiative — but you know that already. When it comes to politics, however, especially during election season, nonprofits need to be extra careful. Whether you’re running a charity,…
If you have experience in the for-profit world, you have likely heard the common advice that you should incorporate a new business in the state of Delaware. More than 60% of Fortune 500 companies are incorporated in Delaware. There are…
Work with startup nonprofits for as long as we have, and you’re bound to hear virtually every idea someone could come up with. We had a lot of fun in our last post exploring the terrible ideas people have that…
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 nonprofits. The…
Nonprofit executive compensation tops the current list of IRS hot button issues. In recent years, the IRS has been ramping up its oversight and enforcement of nonprofit executive compensation. With all the rancor surrounding executive perks and bonuses on Wall…
One of the things that you learn quickly when starting and operating a 501(c)(3) organization is that you have to handle money wisely. A nonprofit is no different than any other business in that you must make ends meet. Otherwise,…
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 basic…
If you’re passionate about a cause, you’re likely eager to take action and make a difference. While there are seemingly endless ways you could go about this, starting a private foundation might be the solution. Although launching your own organization…