Nonprofits have legal issues like any other businesses. And they also have matters unique to nonprofit, tax-exempt organizations – like state reporting obligations, IRS reports, fiduciary duties, ...
Ready to start a new nonprofit organization?
Are you ready to start a new nonprofit organization? Starting a new nonprofit organization can be fulfilling experience as you work to address pressing issues affecting your community. We know that ...
Nonprofit Q&A: What is a Fiscal Sponsorship?
What is a fiscal sponsorship? A fiscal sponsorship is an arrangement in which a 501(c)(3) nonprofit tax-exempt organization (the "fiscal sponsor") shares its tax-exempt status to another group for a ...
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: 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 ...
You’ve Automatically Lost 501(c)(3) Tax-Exempt Status – Now What?
Since 2011, the IRS has automatically revoked the tax exempt status of hundreds of thousands of nonprofit nonprofit organizations because they failed to file IRS Form 990s for three consecutive years. ...
What are the benefits of having 501(c)(3) tax-exempt status?
Benefits of Tax-Exempt Status under IRC Section 501(c)(3) There are numerous benefits of having 501c3 tax-exempt status: Exemption from federal income tax; Tax-deductible ...
Nonprofit Q&A: What is Group Exemption?
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 ...
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 ...
Social Clubs are Tax-Exempt? Nonprofit Law Basics: 501(c)(7) Social Clubs, Country Clubs, Fraternities
What is a 501(c)(7) organization? Not all tax-exempt organizations are private foundations or public charities. Under Internal Revenue Code Section 501(c)(7), social clubs like hobby groups, ...
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