By now most family offices and private foundations have heard the story about Archegos Capital. In effect, Archegos operated similarly to a traditional hedge fund—making
Increasingly, US nonprofits seek to go global by expanding their operations and influence overseas. When a US nonprofit expands its activities across borders, whether by
The person tasked with taking the minutes should word them in a Nonprofit meeting minutes should consist of a clear, accurate, and complete report of all business transacted.
Many board members question the proper function of a nonprofit executive committee. Nonprofits need a strong organizational structure to ensure optimal functioning and adherence to
We are occasionally asked whether nonprofit employees can volunteer for their nonprofit employer. The answer of course, is that it depends. Volunteers often play a
How common are online charity scams? The internet, social media, and email have made it easier to stay informed and connected with friends, family, and
Nonprofits that fail to file Form 990 for 3 years in a row will receive an automatic loss of tax-exempt status. The deadline is May 15th.
Michigan, Minnesota, and Wisconsin have made recent changes to their charitable registration requirements, and DC has a deadline approaching.
Sometimes it is necessary for a nonprofit to form a for-profit subsidiary. Knowing how to do this can help avoid losing your tax-exemption.
Misclassifying employees as independent contractors is a common mistake made by many nonprofits. Still, improperly misclassifying an employee as an independent contractor can be costly. Nonprofits can suffer payroll tax liabilities and penalties or lawsuits from federal and state authorities for reimbursement of workers’ compensation claims.
Most states require you to register your organization if you solicit donations from their residents. Many states also require registration if your organization collects substantial or ongoing donations from their residents, even if you aren’t specifically targeting donors in that state. Download our comprehensive list of each state’s requirements.
Download our free guide to learn about the many elements needed to run a successful nonprofit organization, as well as how to avoid common pitfalls and mistakes.