Reading the headlines these days is enough to give anyone heartburn. Just yesterday the stock market posted its largest drop since early 2009. The odds that a double dip recession may be around the corner are rising and most Americans…
As you are likely aware, the IRS finally released its long-delayed Nonfiler Revocation List last week. On it were the names of 275,000 nonprofits that had their 501(c) status revoked (see previous post). There has been some confusion and some…
Well, it’s official. We’ve known this day was coming since the Pension Protection Act was passed into law in almost 5 years ago. On the afternoon of June 8, 2011, the IRS released the initial list of nonprofits that have…
Tonight, the stakeholders (parents) of my daughter’s school will be voting to approve the list of new board members to replace those who are rolling off at the end of the school year. I am on the new member list,…
It often seems that when otherwise business-savvy individuals become involved in a nonprofit organization, they set aside all they ever learned in business and proceed to operate their nonprofit as if business rules do not matter. As most soon find…
The day some nonprofits have dreaded is coming soon. The IRS announced on February 24, 2011 that it will soon publish the list of 501(c) nonprofit organizations that had their tax exemption automatically revoked for nonfiling of Form 990 information…
This is installment #2 in our ongoing series on leadership. Our first installment was more of an introduction. In this post, we are going to explore the concept of governance vs. management. Governance and management: For many, these are interchangeable…
The word “leader” conjures up a variety of images: your old Little League coach, a military general, your boss…even the president of the United States. Regardless of who (or what) comes to mind, there is the common thread of someone…
It’s the beginning of another new year. And along with everything else that comes with a flip of the calendar, the IRS has several things up its sleeve for nonprofits in 2011. Let’s take a look two of the most…
If you are operating a nonprofit organization, chances are good that you have questions…lots of questions. And, it probably wouldn’t surprise you to know that your contemporaries in other nonprofits have lots of questions, too. Here at The Foundation Group,…