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This guide explores the basics of 501(c)(3) churches and why they should apply for tax-exempt status.

Does a Church Need 501(c)(3) Status? A Guide to IRS Rules

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…

Compliance Graphic

Nonprofit Compliance Basics

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…

The Dangers of Nonprofit Inurement and Private Benefit

The Dangers of Nonprofit Inurement and Private Benefit

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…

Setting Up Your Nonprofit Board of Directors

Setting Up Your Nonprofit Board of Directors

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…

A Nonprofit Board of Directors – What is a Board?

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…

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…

Top 5 BEST Reasons to Start a Nonprofit

Top 5 BEST Reasons to Start a Nonprofit

Work with startup nonprofits for as long as we have, and you’re bound to hear virtually every idea someone could come up with.  We had a lot of fun in our last post exploring the terrible ideas people have that…

Top 5 WORST Reasons to Start a Nonprofit

Top 5 WORST Reasons to Start a Nonprofit

At Foundation Group, we love nonprofits.  And, we love working with our clients who are setting up these essential organizations all across the globe. There are many great reasons to start a nonprofit.  As you’ve no-doubt seen in our marketing…

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