Nonprofits
See how your mission can thrive as a nonprofit. Get tips on starting and structuring your organization, filing annual reports, and more.
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Can a Nonprofit Have a For-Profit Division? Key Facts and Compliance Tips
A nonprofit can legally create a for-profit division or subsidiary, but it must follow strict IRS regulations to maintain its tax-exempt status.
· 6 min read
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How to Open a Nonprofit Bank Account
Learn how to open and manage a nonprofit bank account so you can keep your finances organized, build donor trust, and support your mission.
· 6 min read
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501(c)(3) vs. 501(c)(4): What's the Difference?
The differences between a 501(c)(3) and a 501(c)(4) include purpose, eligibility for tax deductions, and ability to participate in political activities.Â
· 7 min read
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What Is a 501(c)(6)?
Charitable organizations are probably the best known of the IRS's 501(c) tax-exempt statuses, but entities such as business leagues and professional associations may qualify for tax-exempt status despite not having a charitable purpose.
· 3 min read
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What Is an L3C? (Low-Profit Limited Liability Company)
Forming an L3C may be a good alternative to forming a nonprofit, but carefully consider its risks and limitations, and be sure the L3C structure is available in your state.
· 3 min read
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Rules for Accepting Donations as a Nonprofit Organization
Ensuring that contributions to your nonprofit qualify as 501(c)(3) donations is essential. Know your charitable purpose, stick to it, and offer complete written acknowledgments to keep those gifts coming.
· 3 min read
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What Are the Duties of a Nonprofit President?
The duties, responsibilities, and salary of a nonprofit president differ in some important ways from the head of a for-profit entity.
· 3 min read
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Maintaining Tax-Exempt Status in a Nonprofit
Keep your tax-exempt status up to date and in compliance, so you can get on with the business you really care about.
· 4 min read
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Advantages and Disadvantages of Nonprofit Status
Nonprofit organizations with tax-exempt status are big business in the U.S. In 2021, 1.9 million tax-exempt organizations were employing around 12 million people—about the same as the manufacturing sector at the time. The nonprofit sector is unique in that it is composed of organizations pursuing a vast range of different activities and goals, from universities and hospitals to religious organizations and charitable organizations.
· 10 min read
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Fiduciary Responsibility of a Nonprofit Board
In addition to the responsibility to act ethically, there are three main fiduciary duties board members must comply with.
· 3 min read
