How to Pay Your Nonprofit’s Staff
A couple of weeks 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.
What is a Disqualified Person in a Nonprofit?
The IRS has all sorts of rules about what your nonprofit can and can't do and still maintain 501(c)(3), tax-exempt status. In this article, we're focusing on the rules concerning the who. Specifically, who can and can't fulfill certain roles…
Nonprofit Executive Compensation
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…
How to Handle Copyrights in Your Nonprofit
Foundation Group works with thousands of nonprofits each year, so we get the opportunity to deal with many complex issues. Few are as complicated and confusing as copyright and royalty questions. The goal of this post is to give you…
What Is A Group Exemption?
A group exemption affords the opportunity for a nonprofit organization to share the tax-exemption of another 501(c)(3) without having to apply to the IRS for their own status. There's a lot to it, so let's take a closer look.
State Nonprofit Compliance: Understanding the California Form 199 Filing
Many nonprofits tend to focus primarily on their federal compliance filings, such as IRS Form 990, and for good reason. All tax-exempt nonprofits must file a version of Form 990 each year. But for organizations based in other states, particularly…
Private Foundation vs Private Operating Foundation: Understanding the Key Differences
We have talked at length about the differences between the two primary categories of 501(c)(3) - public charities and private foundations. What we haven't addressed as much is the lesser understood category of private operating foundations. In this article, we going…
Don’t Under (or Over) Register for Charitable Solicitations
When it comes to staying compliant with state regulations governing fundraising, it's pretty safe to say you want to do things the right way. And, if you are fundraising in multiple states, you will want to comply with the registration…
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…
What Forms to Issue to Your Nonprofit Staff
With the New Year comes new responsibilities. Similar to how we all anxiously await for our employers to issue us our W-2s at the beginning of the year to get our taxes and out of the way (and hopefully not…