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What Is A 501(c)(7)

What Is A 501(c)(7)?

We are continuing our multi-article series on the other nonprofits...and by other I mean those that are not charitable in nature.  So far we've explored social welfare nonprofits and business leagues.  Today's post examines the third most common type of…

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What is a 501(c)(4)?

What Is A 501(c)(4)?

When someone talks about nonprofits, the first thing that comes to mind for most people is a 501(c)(3) charity.  That makes sense, given that the majority of nonprofits have this tax-exemption designation.  But charitable nonprofits don't tell the whole story. …

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Effective Budgeting for Nonprofits

Effective Budgeting for Nonprofits

A common mistake made by both businesses and nonprofits alike is the failure to budget income and expenses.  Far too often, it's a see-what-comes-in mentality that rules the day, with no attempt to plan, manage, or adapt to changing financial…

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