What Are The Qualifications Required For A 501c3 Status? Now that we understand what a 501c3 nonprofit is, let’s talk about how to know if the nonprofit you want to start qualifies to become one. Section 501c3 of the Internal Revenue Code is the section that lays out the criteria for nonprofits to be considered […]
What Are The Qualifications Required For A 501c3 Status
Published: June 22, 2022
What Is The Difference Between A For Profit And Nonprofit?
Published: June 17, 2022
What Is The Difference Between A For Profit And Nonprofit Now that we have a working definition for a “nonprofit” let’s compare it to a “for-profit” business. A “for profit” business is generally created to sell a good or service with the goal of making a “profit” for the owners or shareholders of the business. […]
Roles & Responsibilities of Board Members In a Non-Profit Organization
Published: June 13, 2022
Before we can have a meaningful discussion on protecting yourself as a founder from being wrongfully removed from the board, we should begin with an understanding as to the role of the board of directors. Since nonprofits serve the public, they are governed by a board of directors. The founder of the nonprofit will initially […]
10 Nonprofit Fundraising Ideas for Small Organization
Published: April 29, 2022
At this point, we’ve talked about what you need to start a non-profit. Now, we’re going to go over a few simple ideas for starting your non-profit. Over the years, some of my clients have been discouraged from getting started because they felt that they needed a half-million-dollar annual operating budget to even consider starting […]
