What is Group Exemption? Group exemptions are a way that similar organizations can share the same tax-exempt status. These organizations are sometimes called "umbrella organizations" because the ...
Rules of the Game: Professional Athlete’s Foundations
With high levels of scrutiny in top athlete's foundations, charities must be structured and managed correctly. "I am a huge believer in giving back and helping out in the community and the world...I ...
How to make your donation count on #GivingTuesday and beyond
#GivingTuesday is a global day of giving. Celebrated on the Tuesday following Thanksgiving and the shopping events Black Friday and Cyber Monday, #GivingTuesday kicks off the charitable ...
Nonprofit Checklist: Create a One-Page Fact Sheet for your Nonprofit
Creating a One-Page Fact Sheet About Your Nonprofit Whether your nonprofit has just started up or been around for years, an informative, yet concise, one-page fact sheet is essential. Why it is ...
Nonprofit Law Basics: What is the difference between nonprofit articles of incorporation and bylaws?
What is the difference between nonprofit articles of incorporation and bylaws? Articles of Incorporation - Your Founding Document Articles of incorporation legally "create" or "found" your nonprofit ...
Nonprofit Q&A: How Do I Check the Status of a Tax-Exempt Entity?
The IRS website provides the Exempt Organizations Select Check, an online search tool that allows users to select an exempt organization and check certain information about its federal tax status and ...
Nonprofit Law Basics: Who Owns a Nonprofit?
Who owns a nonprofit? No one. A major misconception about nonprofit organizations concerns ownership of a nonprofit. No one person or group of people can own a nonprofit organization. Ownership ...
Nonprofit Law Basics: Does a Nonprofit Need Tax Exempt Status?
A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations. Many nonprofits ...
Nonprofit To-Do: File Your Annual Return
File Your Annual Return Since 2011 the IRS has revoked the tax-exempt status of over 500,000 nonprofit groups. Make sure your organization keeps its status as a tax-exempt organization by filing ...
Nonprofits and Political Campaign Activities – What Is Allowed?
Nonprofit organizations that have 501(c)(3) tax-exempt status should be aware of how they and their employees can participate in national, statewide, and local elections. These 501(c)(3) public ...