Maintaining timely and accurate financial records is one of the most important responsibilities facing every nonprofit organization. But doing it right is time-consuming, and the rules are complicated.
The issue of a nonprofit operating in a foreign country is rather complex. It can involve multiple government agencies and be fraught with pitfalls that can only be avoided if you understand the rules. If you are like many of…
SUSTAINABILITY. That's been the buzzword around the nonprofit space for over a decade. Organizations everywhere are looking for ways to build-in revenue streams to supplement, or even replace, traditional donations. The reality is, no matter how appealing the idea is,…
Sometimes, those operating a charitable activity do not wish to fully formalize what they're doing into an actual 501(c)(3) nonprofit entity. The reasons for this vary, but often the services of a fiscal sponsor is needed. Properly setup, fiscal sponsorships…
There are some universal truths when it comes to nonprofits that are not dependent on the size of the organization. This is especially true about money. While yes, the amount of revenue determine which Form 990 the nonprofit is required…
Some days, there are pieces of mail you really wish you didn't receive. Bills, late notices, warranty expirations, or recalls on your car are all examples of items we'd rather not get. But one piece of mail you really don't…
A nonprofit's source of revenue can greatly affect its potential IRS classification of 501(c)(3) status. Often, an organization's purpose determines any sub-classification. In this article, we're going to take a look at what happens when it is revenue that determines…
Founder's syndrome. It affects nonprofits and for-profits alike. And it can be crippling to any organization, regardless of the form it takes. Understanding what it is and how to avoid it, or fix it, is crucial to the future of…
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…
40 states, plus Washington DC, require 501(c)(3) nonprofits to register prior to soliciting donations. And, since most states now consider all forms of revenue generation by your nonprofit to be a solicitation, you simply must be aware of what is…