Death and Taxes: Understanding 501(c)(13) Cemetery Companies
…But in this world nothing can be said to be certain, except death and taxes. – Benjamin Franklin
The Penalties for Failing to Register for Charitable Solicitations
One of the questions we are frequently asked when it comes to charitable solicitations or fundraising registration is the cost of non-compliance. What risk does an organization run if it fails to properly register in a state where it’s required?
Charitable Activities in a Foreign Country
The issue of a nonprofit operating in a foreign country is rather complex. It can involve multiple government agencies and be fraught with pitfalls that can only be avoided if you understand the rules. If you are like many of…
Using a 509(a)(3) Supporting Organization as a Private Foundation Alternative
“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.
How the IRS Defines Charitable Purpose
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…
What Is A 501(c)(4)?
When someone talks about nonprofits, the first thing that comes to mind for most people is a 501(c)(3) charity. That makes sense, given that the majority of nonprofits have this tax-exemption designation. But charitable nonprofits don’t tell the whole story. …
3 Key Considerations for Charities and Foundations Offering Scholarships
Scholarships are an excellent opportunity to make a positive impact and support the objectives and mission of your nonprofit. This is particularly true if your organization’s mission is primarily educational in nature. But the benefits aren’t exclusive to educational nonprofits…
How a Subsidiary 501(c)(2) Could Lower Risk for Your Nonprofit
Risk management should be among the top strategic initiatives of every nonprofit board of directors. Establishing effective policies and procedures will help, as will requiring separation of duties and limiting conflict of interest. But, what if your nonprofit owns real…
Maximize Giving Tuesday for Your Small Nonprofit
Giving Tuesday is a global day of giving that has grown into the world’s biggest giving movement and gets bigger every year. Donors in the United States gave a whopping $2.47 billion to nonprofits on Giving Tuesday in 2020, up…
How to Allocate Nonprofit Expenses
There are some universal truths when it comes to nonprofits that are not dependent on the size of the organization. This is especially true about money. While yes, the amount of revenue determine which Form 990 the nonprofit is required…