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…
Recent changes in beneficial ownership information (BOI) reporting requirements have significant implications for all business types, including nonprofits. The Corporate Transparency Act (CTA), enacted as part of the National Defense Authorization Act for Fiscal Year 2021, mandates new federal reporting…
So, you’re planning on starting a new nonprofit sometime soon. Maybe you’ve heard something about incorporating, but you don’t fully understand what that means. Or, someone told you to form an LLC instead. There’s a lot of misinformation and misunderstanding…
Nonprofit websites are essential tools for engaging supporters.
One of the assumptions that we run into a lot in the course of our work is the idea that, for tax purposes, churches and ministries are essentially the same category of nonprofit. Turns out, that’s not exactly how it…
There are 156 million unchurched people in the U.S., and nearly half of that population is open to being invited to church. If you’re interested in reaching these people by starting a church, you must plan the logistics of your…
Foundation Group is proud to announce the opening of Compass Charitable Partners, a new fiscal sponsorship 501(c)(3) solution for those needing this unique structure.
CRMs can be powerful tools for setting new nonprofits up for success.
…But in this world nothing can be said to be certain, except death and taxes. – Benjamin Franklin
“What Is a 509(a)(3) Supporting Organization?”. Now, we want to take a look at one way to take advantage of this unique structure.