In real world practice, becoming a board member for a nonprofit organization usually comes with little personal risk, and the probability of a member being legally accountable for actions taken by the nonprofit is relatively low. The fear of being…
We recently discussed a new bill which would require the IRS to give nonprofit organizations more advanced notice before revoking their tax-exempt status. Sens. Dan Coats and Ben Cardin coordinated the “Notice for Organizations That Include Charities is Essential (NOTICE)…
Two senators are sponsoring legislation which would require the IRS to give nonprofit organizations more advanced notice that they are at risk of losing tax-exempt status. This measure was introduced this past week by Republican Dan Coats and Democrat Ben…
One of the most essential aspects of starting a nonprofit is the organizational governance. Governance starts with the board of directors. Not surprisingly, setting up the original board of directors trips up people right from the start. We often have…
In one of our recent articles, we discussed the importance of having a strong organizational structure and the role of a board of directors within a nonprofit organization. That article will give you a general introduction to the various pieces of…
If your nonprofit is in the midst of shopping for new accounting software, here are a few tips to keep in mind for a pain-free switch. Selecting the right nonprofit accounting system: Accounting software is not one size fits all, so…
All you want for Christmas is… accounting software made for nonprofits. You may be one of the many nonprofits spending the holiday season shopping for better accounting software for your nonprofit. Foundation Group is pleased to announce that we are…
The Internal Revenue Service has issued new guidance (in the form of Revenue Procedure 2014-11) for small nonprofits looking to regain lost tax-exemption. The process outlined in the Rev. Proc. significantly changes the reinstatement process…mostly for the better. Under the…
Just this morning the CEOs of Guidestar, Charity Navigator and BBB Wise Giving Alliance released a co-signed letter calling for an end to what they call “The Overhead Myth”. This marks the first time the three leading nonprofit information providers…
Does your nonprofit need a better website? Or maybe you don’t have one at all, but wish you did? What if someone created a way to do-it-yourself, simply, at very little cost? Interested? Then I’ve got something you need to…