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…
Now, more than ever, the nation needs nonprofit organizations. The need is great and still growing.
Your organization has made it to the end of 2020. Now what? After this year, deciding to keep moving forward is possibly the hardest the decision you can make…but it is also the most beneficial.
The year may be soon coming to a close, but now is the time to be intentional about what success looks like for your organization. By having these integral items on your year-end checklist, you’ll be off to a good…
Today is St. Patrick’s Day, 2020. Sadly, there won’t be much revelry this year. No parades, no leprechauns, and no green beer. This morning as I write this post, I am at my desk with just 3 others of my…
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…
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…
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…
If an organization is planning to conduct any type of activity outside its incorporated state, certain measures need to be taken to maintain state-level compliance. An organization must have a clear understanding of what it is planning so it can…