In the dynamic world of nonprofits, adaptability and strategic planning are key to success. Organizations often find themselves at a crossroads where restructuring becomes essential
The CTA introduces new reporting requirements for certain U.S. companies. Tax-exempt organizations are not required to file these reports.
Ultimately, the decision between state and federal registration depends on the unique circumstances and position of each nonprofit.
The IRS has announced a new procedure, Rev Proc 2024-5, facilitating the issuance of determination letters to existing 501(c)(3) organizations aiming to change their recognized
Due diligence can uncover unknown information, so thorough due diligence is important regardless of the transacting parties’ relationship, goodwill, or trust.
501(c)(3)s conducting voter registration drives requires careful planning and implementation to preserve your tax-exempt status.
The end of the year is a busy time for all organizations, and we often see important obligations slip through the cracks. Properly navigating these tasks is essential to maintaining tax-exempt status and ensuring an organization’s continued success.
Failure to register can lead to enforcement action by the Attorney General’s Office in each state where solicitation occurs.
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.
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.