A nonprofit board signs off on a remarkable amount of paper. The annual budget. The Form 990. Meeting minutes. Bylaw amendments, read line by line. But what about the organization’s [...]
It’s common for business colleagues to find a shared passion outside of work, whether supporting a cause or starting a charitable organization together. But when a tax-exempt organization’s [...]
Arkansas Senator Tom Cotton recently introduced proposed legislation known as the “Nonprofit Governance Integrity Act” in the U.S. Senate. This federal bill, if passed, would prohibit [...]
Nonprofit organizations often assume that fundraising is as simple as holding an event, selling tickets, or sending a donation appeal. But once you solicit outside your own jurisdiction, things [...]
Beneficial Ownership Information: Federal Reporting Requirements for Businesses & Nonprofits What Is Beneficial Ownership Information Reporting? Beneficial Ownership Information (BOI) [...]
Businesses and nonprofits in California have been scrambling to understand their obligations toward independent contractors since the state’s Supreme Court delivered its opinion in the Dynamex [...]
When debts begin to spiral out of control, bankruptcy offers an avenue for an organization to take a degree of control over how it resolves the problem. Like churches, 501(c)(4) social welfare [...]
As a nonprofit gets off the ground, it quite often happens that its leaders are hesitant to take steps to organize the nonprofit as a legal entity because doing so could disrupt the interpersonal [...]
Internal controls are a familiar emphasis for professionals working in the world of publicly traded companies. Regulations from laws like the Sarbanes-Oxley Act (SOX) require public companies to [...]
A merger of two organizations is a complicated process, involving changes at every level. Nonprofits sometimes choose to merge to improve efficiencies, expand access to fundraising sources, or [...]