What nonprofit board members should know about fiduciary duties

Jul 8, 2019 | Nonprofits

Not-for-profit board members — whether compensated or not — have a fiduciary duty to the organization. Some states have laws governing the activities of nonprofit boards and other fiduciaries. But not all board members are aware of their responsibilities. To protect...

Does your nonprofit organization need a CFO?

Jun 3, 2019 | Nonprofits

Your not-for-profit’s ability to pursue its mission depends greatly on its financial health and integrity. If your nonprofit is growing and your executives are struggling to juggle financial responsibilities, it may be time to hire a chief financial officer (CFO)....

Organize a board retreat for your nonprofit organization

May 6, 2019 | Nonprofits

If your not-for-profit’s board is like most, its members lead busy lives. They may not get to every board meeting or perhaps they’re able to attend meetings only via teleconference. That’s why it’s important to periodically bring everyone together in a relaxed...

Holding on to your nonprofit’s tax-exempt status

Apr 8, 2019 | Nonprofits

If you think that, once your not-for-profit receives its official tax-exempt status from the IRS, you don’t have to revisit it, think again. Whether your organization is a Section 501(c)(3), Sec. 501(c)(7) or other type, be careful. The activities you conduct, the...

Is your nonprofit organization ready for a raffle?

Mar 11, 2019 | Nonprofits

A raffle is a great fundraiser for not-for-profits. But they are subject to strict tax rules. State laws on nonprofit-sponsored raffles can vary significantly, but nonprofits must comply with federal income tax requirements linked to unrelated business income,...