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…
Maintaining timely and accurate financial records is one of the most important responsibilities facing every nonprofit organization. But doing it right is time-consuming, and the rules are complicated.
The instructions for IRS Form 990, the long form, are 103 pages long. IRS Form 990-EZ, its mid-range form, instructions are 48 pages long. IRS Form 990-PF, only for private foundations – but required of all private foundations regardless of…
When you hear the term nonprofit, the first thing that typically comes to mind is a charity, or 501(c)(3) organization. That’s for good reason, since roughly 78% of all tax-exempt organizations are exempt under IRC Section 501(c)(3). The remaining 22% consists…
As we approach the 20th anniversary of the September 11th attacks, we couldn’t think of a more deserving organization to be highlighted. The team at Guardian Revival embodies everything it means to give back to the community and acknowledging the…
Not all of Foundation Group’s clients limit their charitable activities to the continental U.S. And just like they’ve gone beyond the horizons of the country’s immediate borders, this organization has gone above and beyond in their first year of operations…
A nonprofit’s source of revenue can greatly affect its potential IRS classification of 501(c)(3) status. Often, an organization’s purpose determines any sub-classification. In this article, we’re going to take a look at what happens when it is revenue that determines…
One of the most heart-warming nonprofit charitable purposes is animal rescues. There’s something about an animal’s sweet face looking back at you that makes most people’s hearts melt. Well, the wonderful leaders of HB Ranch Donkey Rescue have managed to…
Nonprofit organizations take all forms with their missions and how they get accomplished. One thing that never changes, though, is the passion that exudes from those taking the lead. I was able to catch up with Chris with Cycle for…
We love to see nonprofits hit the ground running once they decide to get started, and Think Happy Thoughts Foundation did exactly that. With their quick application approval at the IRS, Think Happy Thoughts Foundation has already made grand strides…