Once you’ve decided your mission, developed an operations strategy and started building a team, it’s time to prepare and file your incorporation documents and 501(c)(3) status applications. If you’ve done your homework properly in documenting your mission, strategy and plans,…
Executive compensation is a hot-button topic for both nonprofit and for-profit companies. With the nature of compensation changing dramatically for technology and other high-growth industries, it is important to understand what is fair and competitive when setting your employee salaries…
One of the most important things that a nonprofit can do to build a sustainable organization is to develop a robust fundraising system. Funding for nonprofits typically comes from three sources: donations, grants, and program revenue. Each of these sources has benefits and…
Once you know the purpose of your nonprofit organization and have an understanding of your desired ownership and controls mechanism, it is time for you to choose the type of 501(c)(3) that best represents your organization’s planned operational structure. There…
For a visionary individual who wants to start a nonprofit, the concept of ownership can be a tricky one. You’re a founder on a mission, with big ideas to help solve problems in your communities, and you want to retain…
There are many reasons why people decide to start nonprofits. Some have a general sense of wanting to help others. Many have been personally affected by a societal ill – cancer, disease, natural disaster, lack of access to basic needs…
Aplos Software, one of our valued business partners, is hosting a free online webinar on Tuesday, June 21st at 10:00 a.m. Pacific (1:00 p.m. Eastern). Join fundraising expert Dan Kimball for a one-hour webinar that will help you get a good…
So, you want new donors? You want to make sure that you keep getting funds from the donors you currently have? What are you doing to make sure that both of these things are happening? If you lack a strategy and…
It’s that time of year again… time to start thinking about your organization’s tax return filing. Some may not be aware of this annual requirement, or what even goes into this form. We created an FAQ to give a better understanding…
In our last article, we discussed legal liability of board members as it relates to corporate law. This post highlights liability in regards to IRS tax-exemption regulations. The board of directors collectively governs the affairs of a nonprofit organization. As…