Successive vs. Staggered Boards
Typically, nonprofit board members are elected for a specified period of time, called a term. Terms can be structured as either successive or staggered. Successive
Typically, nonprofit board members are elected for a specified period of time, called a term. Terms can be structured as either successive or staggered. Successive
Conflicts inevitably arise. Nonprofits should adopt a Conflict of Interest Policy to navigate these situations.
The determination letter is a notice sent by the IRS stating the nonprofit’s exempt status.
Tax-exempt financing offers a powerful tool for 501(c)(3) organizations to fund essential capital improvements at significantly lower interest costs compared to conventional debt options. By issuing tax-exempt bonds, organizations can tap into a pool of investors who are not subject to federal income tax on interest payments, allowing for lower interest rates.
While the calendar year is the default option, nonprofits have the flexibility to choose a different fiscal year that aligns better with their operations and reporting needs.
n the complex landscape of nonprofit corporations, the role of the board of directors is crucial in steering the organization towards its mission. To ensure transparency, accountability, and sound decision-making, boards must establish and implement robust policies and procedures.
Trademark protection is essential for nonprofits to protect their proprietary intellectual property and reputation.
  Taxable nonprofits are those entities that are organized as nonprofit entities but do not elect to become tax-exempt.
A corporation’s governing documents are fundamental to how the organization operates. In most states, a nonprofit corporation’s foundational documents generally include Articles of Incorporation and Bylaws. Though, states differ in verbiage.Â
The extent to which a board participates in its daily operations varies. Whether your board is a hands-on board or a policy-making board, several fundamental decisions must always remain in the board’s hands:Â
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.