Sponsorship and advertising dollars can provide a real boost to your non-profit’s income. However, if a ‘substantial benefit’ is received by sponsors or advertisers or if providing benefits isn’t a
As December 31 nears, your non-profit is likely immersed in the final stages of year-end fundraising. This is because individuals who itemize their deductions can claim eligible charitable contributions on
Contrary to numerous forecasts, U.S. employers have consistently expanded their workforce, maintaining a low unemployment rate of 3.7% as of November 2023, according to the Bureau of Labor Statistics. If
Charlotte believed she knew everything about overseeing a non-profit community hospital. To her surprise, the CEO was taken aback when the IRS reached out to her hospital regarding the potential
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
