Cincinnati, we’ve got a problem! Lately the Internal Revenue Service Exempt Organizations Division has begun to monkey around with the way it treats organizations applying for tax exempt status, particularly those nonprofits that have been around and operating for a…
It is an unfortunate reality: many self-described tax professionals are not professionals at all. They are more than willing to take a customer’s money for “professional” work that often results in a nightmare situation for the taxpayer. This includes those…
Helping people start nonprofit organizations is one of the most important things we do at Foundation Group. In fact, we have helped over 14,000 organizations get started since 1995. The following is really more of an overview than an exhaustive…
So…you want to start a nonprofit. Fantastic! That puts you in pretty good company. In any given year, as many as 75,000 applications for 501(c)(3) tax exemption are filed with the IRS. Less than half survive the process, but there…
As long-time readers of our articles know, most of our posts focus on tips and best practices for effective nonprofit management. This post is going to be a little different. There is so much going on right now that affects…
Founder’s syndrome. It affects nonprofits and for-profits alike. And it can be crippling to any organization. Understanding what it is and how to avoid it is crucial to the future of your 501(c)(3). Taken from that most-reputable of sources, Wikipedia,…
Charitable Solicitations Registration. “Never heard of it,” you say. Well, you are not alone. As astounding as it may seem, estimates of noncompliance range from 85-95% of charities and nonprofits nationwide. This level of noncompliance has persisted primarily because of…
In this tough economy, nonprofit organizations are needed more now than ever. More and more people are finding themselves in difficult circumstances and, according to all available evidence, it’s going to get worse before it gets better. Despite all the…
Sounds like scary stuff, doesn’t it? The decision to start a nonprofit organization is difficult in the best of circumstances. But in a downright frightening economic climate, does it make any sense at all? Some experts are predicting that this…