In working with thousands of nonprofit startups over the years, one of the most frequent challenges we face when working with clients is conflict-of-interest concerns. New 501(c)(3) organizations are particularly vulnerable to this for a number of reasons, chief among…
When you want to make a lasting impact through charitable giving, two of the most common vehicles are private foundations and donor advised funds (DAFs). Each offers unique advantages, but they are not the same. Understanding the differences can help…
Your nonprofit is having its next board meeting soon. It just happens to be the annual meeting in which officers and directors are elected. You’re the founder and have been President and a board member since the organization was founded…
A common mistake made by both businesses and nonprofits alike is the failure to budget income and expenses. Far too often, it’s a see-what-comes-in mentality that rules the day, with no attempt to plan, manage, or adapt to changing financial…
With a recent decline in church attendance, there is a growing need to expand your ministry’s outreach. If you’re looking for ways to engage churchgoers and successfully spread your faith, church planting is a great solution. Whether you’re already a…
What are your goals as a church leader? Are you passionate about ministering to others? Perhaps you want to offer hope to an entire community. Like any organization, churches need a clear vision of their purpose and the tools to…
After incorporating in your state and setting up your nonprofit’s 501(c)(3) status with the IRS, the biggest regulatory concern that you’ll have is maintaining ongoing compliance with the law. The regulatory filings required for both state and federal entities are…
If you’re trying to start a nonprofit, chances are you’ve come across terms like “5013c,” “501c,” “501 c 3,” and “501(c)(3)”—maybe even used them interchangeably. But while they might sound similar, only one of them is actually correct. Spoiler alert:…
If you’re well-versed in the basics of 501(c)(3) organizations, you know that 501(c)(3) status requires an organization to have an IRS-determined charitable purpose. One category of qualifying charitable purposes that these organizations can hold is religious. But there is a…
UPDATE (03/03/2025): BOI might finally be dead as of this morning. The fast-moving changes to the Beneficial Ownership Information saga is enough to give you whiplash. This latest change, however, may very well be the end of it. The US…