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. […]
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 an L3C?
The L3C is a hybrid of a “for profit” and nonprofit organization, and has characteristics of each.
How Nonprofits Should Classify Part-Time Staff – Employee or Independent Contractor?
What is the difference between an employee and an independent contractor? Why does it matter?
Tax-exempt non profit organizations need to understand know the business relationship between the organization and the person performing the services…
Ready to write a nonprofit mission statement? Let’s get started!
A nonprofit mission statement is meant to convey the purpose of your organization in one to two clear sentences. This statement will be used to describe your organization’s work. It will be part of your pitch as you recruit board members, employees, volunteers, and donors. It will serve as a touchstone for your organization since your mission statement should guide all of your organization’s initiatives…
Nonprofit Q&A: What is a nonprofit conflict of interest? How can a policy help?
A conflict of interest is an actual or perceived interest by an officer, board member/director, or staff member in an action that results in, or has the appearance of resulting in, personal, organizational, or professional gain.
Social Enterprise Q&A: What is a social enterprise?
Social entrepreneurship is a rapidly emerging field in which nonprofit and business leaders develop mission-driven enterprises. It deals with creating and leading organizations that advance social change through innovative solutions.
What is a B-Corp? What is a Benefit Corporation? What’s the difference?
The B Corporation (or “B Corp”) is a relatively new certification and a way for entrepreneurs to identify their business as something more than just a for-profit endeavor. These social entrepreneurs want to use their business to do good and solve social and environmental problems. B Corp status is a certification process from a third-party business that recognizes the company’s commitment to certain sustainable practices. This is different from a Benefit Corporation.