Nonprofit Compliance Legal Checklist: Annual Meeting, Donor Acknowledgements, 990s, Grant Reports, State Reports
Non Profit Year End Checklist. There are several items your nonprofit must complete each year, including: annual meeting, minutes, grant reports, thanking donors, reporting requirements. Here’s help from Texas attorney for nonprofits and associations.
What are the Duties of Nonprofit Directors?
What do nonprofit directors do? What are their legal obligations and duties? When can directors be liable? What should directors keep in their files?
How to Start a Business Association with 501(c)(6) Status
Set-up a business association today. Our law firm offer helps business leagues, trade groups, chambers of commerce, and real estate boards with corporate governance and 501(c)(6) tax-exempt issues.
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.
What are Nonprofit Bylaws?
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 corporation’s principal place of business. A copy of the bylaws, signed by a corporate officer, must be submitted when applying for federal IRS 501(c) tax-exemption. […]
Social Clubs are Tax-Exempt? Nonprofit Law Basics: 501(c)(7) Social Clubs, Country Clubs, Golf Clubs, Fraternities
What is a 501(c)(7) organization?
Not all tax-exempt organizations are private foundations or public charities. Under 501(c)(7), social clubs like fraternities or country clubs can be recognized as tax-exempt organizations.
Complaints against a Nonprofit – how to respond to an inquiry and how to file an investigation
Like other corporations, nonprofit organizations may run afoul of law. What types of issues can you complain about? Who should you contact?
What is a Fiscal Sponsorship?
What is a fiscal sponsorship?
A fiscal sponsor is a tax-exempt organization that agrees to shares its tax-exempt status with another group for a specific project, grant, or event. The fiscal sponsor accepts financial donations on behalf of the sponsored group and then grant those donations to the sponsored group, less an administration fee…
Nonprofit Law Basics: Who Owns a Nonprofit?
Who owns a nonprofit?
A major misconception about nonprofit organizations is that people can own them. No one person or group of people can own a nonprofit organization. The public “owns” nonprofit organizations. Nonprofits are created to provide a charitable purpose.
What is the difference between nonprofit and tax-exempt?
There is a big difference between “non profit” and “tax exempt.”
Nonprofit status refers to status under state law.
Tax-exempt status refers to federal income tax exemption under the Internal Revenue Code.