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,…
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…
The system for registering to solicit contributions isn’t the easiest to understand. Even if it’s only one state you are endeavoring to comply with, the expectations aren’t that easy to follow. When it’s a multi-state registration your nonprofit is facing,…
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…
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…