The IRS has all sorts of rules about what your nonprofit can and can’t do and still maintain 501(c)(3), tax-exempt status. In this article, we’re focusing on the rules concerning the who. Specifically, who can and can’t fulfill certain roles…
There’s a lot that goes into starting a nonprofit. Here’s 11 things to consider…because 10 is never enough!
Timely and accurate filing of Form 990 is essential to the ongoing success of your nonprofit. We often run into the false notion that since it is a nonprofit filing the return, that the IRS really doesn’t pay that much…
One of the primary responsibilities of any nonprofit board member is to maintain the financial integrity of the organization they serve. Board members act as trustees of the organization’s assets and must exercise due diligence and oversight to ensure that…
Lori asks: I’m head of a board for a 501(c)(3) where the only employee is also the president and founder of the organization. Her salary is currently 20 percent of our budget and she is asking for a large increase…
A Self-Assessment Having worked with thousands of nonprofits over the years, we have seen just about every possible scenario you could think of. At least it seems that way! One of the most common issues we encounter, especially with startups,…
The idea for this article came from my good friend, Belinda from Madison, Alabama. A few weeks ago, she wrote us an email asking the following: “Due to the economic downturn and, with the increasing requests for benevolence assistance, are…