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…
With a recent decline in church attendance, there is a growing need to expand your ministry’s outreach. If you’re looking for ways to engage churchgoers and successfully spread your faith, church planting is a great solution. Whether you’re already a…
What are your goals as a church leader? Are you passionate about ministering to others? Perhaps you want to offer hope to an entire community. Like any organization, churches need a clear vision of their purpose and the tools to…
After incorporating in your state and setting up your nonprofit’s 501(c)(3) status with the IRS, the biggest regulatory concern that you’ll have is maintaining ongoing compliance with the law. The regulatory filings required for both state and federal entities are…
If you’re trying to start a nonprofit, chances are you’ve come across terms like “5013c,” “501c,” “501 c 3,” and “501(c)(3)”—maybe even used them interchangeably. But while they might sound similar, only one of them is actually correct. Spoiler alert:…
If you’re well-versed in the basics of 501(c)(3) organizations, you know that 501(c)(3) status requires an organization to have an IRS-determined charitable purpose. One category of qualifying charitable purposes that these organizations can hold is religious. But there is a…
UPDATE (03/03/2025): BOI might finally be dead as of this morning. The fast-moving changes to the Beneficial Ownership Information saga is enough to give you whiplash. This latest change, however, may very well be the end of it. The US…
Starting a nonprofit is not for the faint-of-heart. Starting any kind of new business is a brave venture that requires strategic thinking, bold determination, hard work, and broad shoulders. Simply put, it’s not for everyone. But for those with the…
In the nearly 30 year history of our company, we have helped tens of thousands of nonprofits startup. From small to large, and with budgets measured in thousands to millions of dollars, we’ve seen them all. And though there are…
We have talked at length about the differences between the two primary categories of 501(c)(3) – public charities and private foundations. What we haven’t addressed as much is the lesser understood category of private operating foundations. In this article, we going…