Can I deduct the value of my volunteer service to a nonprofit? The IRS will not allow individuals to deduct the monetary value of their volunteer service to a nonprofit on their individual income tax ...
Did your Nonprofit Change its Name or Address? Better Inform the State & IRS
State Updates - Corporate changes Nonprofit corporate changes occur on a state level. So, if the organization changes its name, address, or registered agent, or adopts amendments to its ...
Nonprofit Q&A: What needs to be included in our Minutes? What are nonprofit minutes?
Does your nonprofit keep excellent board meeting minutes? What about membership meetings? Or meetings of committees? While nonprofits must balance multiple priorities, keeping accurate meeting minutes ...
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 ...
Nonprofit Insurance Coverage
Nonprofit Insurance Coverage. Maintaining and Updating Your Nonprofit's Insurance Policies Insurance is essential to protecting your nonprofit from certain liabilities that may occur as a result of ...
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 ...
Does a Nonprofit Need Tax Exempt Status?
A common misconception is that all nonprofit organizations are automatically tax-exempt. This article outlines nonprofit and tax-exempt status and whether both are needed. We have outlined in other ...
Have you lost your 501c determination letter?
If your nonprofit has misplaced your 501(c) determination letter for the IRS, you can get a copy of an affirmation letter to have "proof" of your tax-exempt status. Call the IRS Customer Service for ...
Tips for Taxpayers who Travel for Charity Work
IRS Summertime Tax Tip Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five ...
How Do I Start a PTO – Parent Teacher Organization?
How do I start a PTO - Parent Teacher Organization? One way for parents to support their child’s school is to join their Parent Teacher Organization (PTO) or Parent Teacher Association (PTA). But ...