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, ...
5 Items to Include in Donor Acknowledgment Letters – What to include for tax purposes?
What are donor acknowledgment letters? Donor acknowledgment letters are more than just a "thank you" letter. Most tax-exempt organizations have certain requirements to follow -- including providing ...
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 ...
Nonprofit Law Basics: What Records Does a Nonprofit Organization Need to Keep?
Tax-exempt nonprofit organizations need to keep correct and complete records of important accounts. But what nonprofit books and records should it maintain? Specific items vary by state corporate law ...
Nonprofit Q&A: What needs to be included in our Minutes? What are nonprofit minutes?
Does your nonprofit keep excellent board meeting minutes? What about membership meetings? Or meetings of committees? While nonprofits must balance multiple priorities, keeping accurate meeting minutes ...
Nonprofit To-Do: Donor Stewardship
Donor Stewardship Keeping donors engaged with your nonprofit organization should be a priority. The start of the new year is a great time to ensure that donors from the past year were acknowledged ...
Ready to write a nonprofit mission statement? Let’s get started!
A nonprofit mission statement is a statement of purpose for your organization. It is meant to convey what your nonprofit is all about. Some nonprofits prefer a brief one to two clear sentences as a ...
Nonprofit Checklist: Risk Management
Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to ...
Nonprofit Insurance Coverage
Nonprofit Insurance Coverage. Maintaining and Updating Your Nonprofit's Insurance Policies Insurance is essential to protecting your nonprofit from certain liabilities that may occur as a result of ...
Can our Nonprofit Change Its Mission Statement? Who to inform after a change?
Is your nonprofit ready to change or amend its mission statement? A mission statement sets out what your organization does and whom it serves. It is important that your nonprofit's activities tie ...