What are nonprofit bylaws? Bylaws are your organization’s operating manual. They set out the rules that govern the internal management of an organization. You must keep a copy at the nonprofit ...
What is UBIT (Unrelated Business Income Tax)?
A 501(c)(3) nonprofit is not taxed on revenue that comes from an activity that is substantially related to the organization's tax-exempt purpose (charitable, educational, religious, scientific, or ...
How to Start a Nonprofit with 501(c)(3) Status
We do all the work to form new nonprofits and tax-exempt organizations – charities, foundations, and associations. We off a quick, straightforward solution to the set up a non-profit with 501(c) ...
Nonprofit Law Basics: What are the Duties of Nonprofit Directors?
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 confusing ... public charity ... private foundation ... corporate foundations … private operating foundations … public charities that act as ...
Nonprofit Checkup 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 ...