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5 Things You Must Do

5 Things You Must Do If The IRS Revokes Your 501(c)(3) Status

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…

The title of the article, which is “Private Foundation vs. Public Charity: Spot the Difference.”

Private Foundation vs. Public Charity: Spot the Difference

When starting a 501(c)(3) organization, there are generally two choices for classifying the organization: private foundation or public charity. Public charities represent the largest share (72%) of active, 501(c)(3) organizations. Their purpose is to perform charitable work, while private foundations…

charitable solicitations decisions

Does Our Nonprofit Have to Register for Charitable Solicitations?

Your nonprofit organization has received donations. Fantastic news! But… do you need to concern yourself with the state’s fundraising registration process? You see words like charitable solicitation, but what does that mean? What actions give rise to a nonprofit needing…

Form 990 Sections Explained

Form 990 Sections Explained

One of the questions we often hear from clients, especially regarding Form 990 preparation, is, “Why are you asking me so many questions?”  This is sometimes followed by a comment like, “If I knew I had to answer this much…

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