The Tax Cuts and Jobs Act of 2017 imposed a new kind of unrelated business income tax (UBIT) on nonprofits that required these organizations to pay a 21% tax on the value of certain [...]
Summer is the time when many nonprofits and churches host a number of different programs for both youth and adult groups — mission trips, camping excursions, hiking or other outdoor [...]
Churches and other nonprofit organizations face a number of requirements in their daily operations and many of them are legal: employment, governance, tax issues, real estate, cybersecurity, [...]
Business interruption insurance policies generally cover financial losses to organizations caused by physical damage — a fire, a flood, or other covered perils outlined in the policy. [...]
While churches are exempt from federal income tax, they are not exempt from IRS audits — although Congress has restricted that authority by imposing special limitations on IRS church [...]
A nonprofit’s Board of Directors are fiduciaries with a duty to guide the nonprofit toward a sustainable and stable future by implementing sound legal, ethical, and financial policies as well as [...]
Trade associations such as the California Milk Processor Board and the National Pork Board have become familiar to the public through their “Got Milk?” and “Pork: The Other White Meat” [...]
The Small Business Administration (SBA) has issued clarification to lending institutions that churches and faith-based nonprofit organizations are eligible to receive loans under the two COVID-19 [...]
A nonprofit needs strong leadership to successfully fulfill its mission and its promise. When it comes to hiring an executive director, chief financial officer, or other mission-critical [...]
Granting naming rights to buildings and programs can be a double-edged sword for nonprofits if the proper legal protections are not in place to mitigate the risk of potential harm to the [...]