Beginning January 1, 2020, updated salary thresholds for overtime will become law, resulting in over 1 million Americans becoming eligible for overtime pay through the
The main potential problem areas for nonprofits regarding private inurement are: 1) Compensation agreements for executive employees or trustees; 2) Business relationships with entities in which an organization insider or insider’s family member has an interest; and 3) Benefits paid to an insider or a member of the insider’s family as a member of the charitable class the organization serves. Fortunately, there are steps that non-profits can take to ensure these improper benefits do not occur.
Nonprofit bylaws govern the internal operations of the organization. Too many nonprofits make the mistake of ignoring their bylaws. In reality, the bylaws don’t matter
In July 2019, the Arizona State Board for Charter Schools (Board) approved several measures designed to make the charter schools it sponsors more transparent to the public. The Board also approved an implementation plan that will require all of the charter schools it sponsors to adopt these new charter school transparency requirements for fiscal year 2020.
Many nonprofits question whether they should use an offer letter or employment agreement for new employees. Understanding the general use of each type of contract
The non-profit entity has been formed, the board of directors is in place, and your bylaws have been written. You’re ready for the final piece of
When setting up a non-profit organization, many people overlook the importance of drafting nonprofit bylaws that are customized to the organization’s unique needs. As the
You’ve decided to incorporate – congratulations! This is a big step in any non-profit business venture. When you’re finished, your organization will officially exist as a
As you’re assembling your non-profit board of directors, your mind may naturally turn to who holds the power and actually owns this thing. After all,
The first challenge when founding a non-profit is deciding how to choose non-profit directors. Once you’ve done your non-profit research and created a business plan,
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.