To properly fulfill their fiduciary duties, your not-for-profit’s board needs certain information. And it’s up to the executive director and managers to ensure they have it. This doesn’t mean you have to share every...

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One of the worst things that can happen to a not-for-profit organization is to have its tax-exempt status revoked. Among other consequences, the nonprofit may lose credibility with supporters and the public, and donors...

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Many nonprofit organizations use fundraising methods that cross state boundaries. If your nonprofit is one of them, it may need to register in multiple jurisdictions. But keep in mind that registration requirements vary —...

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For many businesses, “audit” is a frightening word. When we hear about audits, it’s often in the context of a tax discrepancy – your business failed to comply with certain standards and now the...

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When you receive a personal gift from a friend or family member — even if it’s not something you particularly want — you accept the gift and thank the person. The same isn’t always...

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From the outside looking in, the nonprofit tax situation might seem cloudy. Even some nonprofit business owners are unfamiliar with all of the nuances in their company’s unique tax structure. If you’re starting a...

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How well do you listen to your not-for-profit’s supporters? If you don’t engage in “social listening,” your efforts may not be good enough. This marketing communications strategy is popular with for-profit companies, but can...

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If your nonprofit doesn’t have an accountable plan, you generally must submit employee reimbursement payments on W-2 forms, withhold applicable taxes and pay the employer portion of employment taxes. Why not avoid these steps...

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As in the for-profit world, sometimes not-for-profits need to spend money to make money. This is particularly true when it comes to fundraisers. At the same time, it’s critical that you make a budget...

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