Non-profit organizations, including trade associations and chambers of commerce, typically meet the criteria for tax exemption under Section 501(c)(6) of the Internal Revenue Code rather than Section 501(c)(3). These entities,
If you believe the documented minutes of your non-profit’s board meetings are merely a formality, think again. These minutes can become crucial documents, especially in situations such as an IRS
Higher interest rates and stringent lending criteria pose challenges for even for-profit organizations seeking approval for bank loans. So, non-profit organizations, often lacking sufficient collateral or consistent cash flow, encounter
While most established non-profits are equipped to solicit and accept planned gifts, your non-profit may be new to planned giving and doesn’t yet understand the long-term advantages of deferred gifts.
Does your non-profit’s board of directors mirror its community and clientele? Identifying if your board lacks diversity is the seemingly easy part. Determining what to do about it can prove
Even though non-profits can’t make money in certain ways because of their tax-exempt status, you might be able to start a for-profit subsidiary that makes money without these restrictions. This
The IRS has increased its oversight of tax-exempt organizations in recent years. If a non-profit fails to file Form 990 three years in a row, they’ll lose their tax-exempt status
Mergers are typically associated with the corporate world when companies combine to expand sales territory, gain competitive advantages, and boost profits. However, merging non-profits can provide similar advantages, including greater
If your non-profit has never been asked to return a donation by a donor, it’s likely only a matter of time. While it’s uncommon, donors can change their minds. They
In just one month, a Minnesota woman was charged with skimming more than $300,000 from her animal rescue charity, a Florida man was charged with multiple felonies for running several
