What Are the Duties of Nonprofit Directors? State law sets out which type of management and governing structure is acceptable for nonprofit corporations in that state. In some states, nonprofit ...
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 own a nonprofit organization. Ownership is ...
Nonprofit Law Basics: Do Nonprofits File Tax Returns? What is a 990?
Do nonprofits file tax returns? Most tax-exempt organizations are required to file annual tax returns with the IRS. Even though most tax-exempt nonprofit organizations do not pay federal taxes on ...
What is the difference between nonprofit and tax-exempt?
What is the difference between nonprofit and tax exempt? I hear a lot of people (even in the nonprofit sector) mixing up the terms "nonprofit" and "tax-exempt." Just because your organization is a ...
Nonprofit Law Basics: Can the Executive Director Serve on the Board of Directors?
The law requires that the best interest of the nonprofit prevail over the director’s personal or business interests; if the executive director is a paid staff person who sits on the voting board of ...
Nonprofit Law Basics: What is the Difference Between a Public Charity & a Private Foundation?
The terms of nonprofit entities can be so confusing ... public charity ... private foundation ... corporate foundations … private operating foundations … public charities that act as ...
Fall Check-Up for Nonprofit Professionals
Welcome, October! In the last quarter of the year, we remind our clients about some of their year-end obligations, or help them get ahead on issues they may have been putting off. Or maybe both! Today ...
How to Set Up a Non-Profit with 501(c) Status
We help clients form new nonprofits and tax-exempt organizations – charities, foundations, and associations. Cullinane Law Group provides a quick, straightforward solution to start your tax-exempt ...
Nonprofit Law Basics: What is UBIT (Unrelated Business Income Tax)? What is UBTI (Unrelated Business Taxable Income)?
What is UBIT (Unrelated Business Income Tax)? Is this the same as UBTI (Unrelated Business Taxable Income)? The acronyms UBTI and UBIT are often used interchangeably. UBTI (Unrelated Business ...
Are you doing what you say you will? Check & review your Nonprofit Mission Statement & Activities
Nonprofit mission statements define a nonprofit organization; they state what your organization does and whom it serves. [If writing your first nonprofit mission statement, you may want to ready: ...