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…
A 509(a)(3) supporting organization is a unique entity in the nonprofit space. It is a sub-category of 501(c)(3), and it is considered a public charity in-and-of itself. What is substantially different about a supporting organization, however, is the fact that it…
Jo asks: Can person(s) have a proxy for an Annual Congregational meeting when voting on the annual church budget? Are there any guidelines of when it is permissible to have a proxy if you cannot attend a meeting because of…
Maryann asks: We are a board of directors of a +55 nonprofit adult community. We have had multiple board members quit and are down to the President & Vice-President. With only two sitting on the board, how do we make…
Angela asks: What happens when you have a nonprofit foundation that does not follow their own bylaws, does not vote on anything, and board members are added and deleted at the whim of the President with no votes on anything…
Lori asks: I’m head of a board for a 501(c)(3) where the only employee is also the president and founder of the organization. Her salary is currently 20 percent of our budget and she is asking for a large increase…
Guest Post by Sr. Director of Customer Acquisition at Kindful:
Nonprofit compliance can be complicated business. That’s been true for as long as there has been a Section 501(c)(3) in the US tax code. That complexity has only gotten more burdensome since the states have stepped up their solicitation registration…
When it comes to the intersection of estate planning, charity, and philanthropy, there are many things that must be considered. It may be estate tax concerns, leaving an inheritance to your family, or creating a lasting legacy of giving that…
When it comes to establishing an appropriate philanthropic vehicle, the two most often chosen are Private Foundations (PF) and Donor Advised Funds (DAF). Both have their distinct advantages, as well as some drawbacks. DAFs have become increasingly popular over the…