Whether you’re already a church leader, or you’re starting an initiative from scratch, you know that the calling to start a ministry can’t be ignored. However, you may not know how to start a ministry, especially since the process can…
When you start a charitable organization, one of the most important decisions you’ll make is selecting your board of directors. Your board is legally responsible for governance, fiduciary, and strategic oversight of your nonprofit corporation. This usually includes ratification of your initial bylaws, as well as overseeing…
The position of Registered Agent is an essential part of the corporate landscape. Both for-profit and nonprofit corporations need one, but their role is often misunderstood. So, what is a Registered Agent, and why do you need one?
Nonprofit organizations play an important role in addressing societal issues and providing services to communities. The board of directors is a critical component of these organizations, as they are responsible for overseeing the organization’s strategy, finances, and operations. In this…
Starting any type of business is a risky endeavor. Whether you’re starting a consulting firm, a food truck, or a nonprofit food pantry, entrepreneurs face unique risks. And given that nonprofits can’t have owners, many social entrepreneurs face an even…
There’s a lot that goes into starting a nonprofit. Here’s 11 things to consider…because 10 is never enough!
In working with thousands of nonprofit startups over the years, one of the most frequent challenges we face when working with clients is conflict-of-interest concerns. New 501(c)(3) organizations are particularly vulnerable to this for a number of reasons, chief among…
When you want to make a lasting impact through charitable giving, two of the most common vehicles are private foundations and donor advised funds (DAFs). Each offers unique advantages, but they are not the same. Understanding the differences can help…
Your nonprofit is having its next board meeting soon. It just happens to be the annual meeting in which officers and directors are elected. You’re the founder and have been President and a board member since the organization was founded…
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…