GrantNews

OCTOBER 26, 2023

To find out more, read this GrantWatch article about nonprofit organizations. This is both a per-state and federal concept and filing articles of organization with the IRS does not guarantee tax-exempt status. For more details about LLCs, here is a link to the IRS definition of a Limited Liability Company (LLC).

Liability

Candid

DECEMBER 6, 2022

Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs). The board controls the organization, not the founder, and they are subject to laws and regulations, including their own articles of incorporation and bylaws.

Liability

Planned Giving

MAY 13, 2024

This will reduce your future tax liability when you sell the stock. million nonprofits at [link] Contributor: Brent Sullivan, President of Tax Alpha, LLC Disclaimer: the author is not a financial advisor, and this article does not constitute financial advice. Please consult with a tax professional before taking action.

Liability

GrantNews

MAY 8, 2024

Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. A lawyer can help you draft your ‘articles of incorporation,’ as well as help you with your application to the IRS.

Insurance

OneCause

AUGUST 2, 2023

Collect only the information you must have – such as contact information, emergency contact information, a liability waiver, and t-shirt size. Put the tips in this article to work, and you’ll be well on your way to recruiting a loyal group of volunteer fundraisers for years to come. You can collect more information later.

Retainer

Grant Writer Team

AUGUST 1, 2024

Risk Management : Identifies and addresses potential financial risks and liabilities. This article is tailored for structured organizations with a board of directors. Financial Planning : Provides guidance on long-term financial strategies and resource allocation. Note: GrantWriterTeam does not give legal or financial advice.

Finance

Red Tape Busters

NOVEMBER 1, 2023

In this article, we’ll explore five such mistakes and offer some valuable insights on how to avoid them. For instance, when tender writers fail to thoroughly review insurance requirements, penalty clauses, or dispute resolution processes, it can leave their organisation vulnerable to unexpected liabilities.

Contract

Grant Writer Team

JULY 7, 2023

Rather than assuming liability, GrantWriterTeam’s role is to make available the platform for connections. GrantWriterTeam has launched an interactive platform that encourages direct connections and customizable interactions between grant writers and grant seekers.

Writing Sample

Get Fully Funded

MARCH 16, 2023

To protect your organization from legal liabilities, you can incorporate online waivers into this process. Waivers are intended to protect the organization from potential risks and liabilities they could incur if a participant gets injured during the event, for example.

Fundraising

Blackbaud

SEPTEMBER 7, 2024

Financial Statement Purpose Statement of Financial Position A snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time, showing its overall financial health. To learn more about potential pitfalls and how to avoid them, check out our article on the most common SOA mistakes !

Professional Services

Planned Giving

FEBRUARY 18, 2025

This article explores the benefits and drawbacks of DIY wills, helping you decide if this approach suits your needs. In such cases, professional legal advice is recommended to ensure all aspects of your estate are adequately addressed and to minimize tax liabilities.

Pass-Through

Candid

MARCH 19, 2024

You’ll just need to fill out a few required fields, including your organization’s fiscal year, revenue, expenses, assets, and liabilities. Find step-by-step guidance in our help article. You can earn a Gold Seal of Transparency without sharing an audited financial statement.

Metrics

Greater Giving

DECEMBER 5, 2022

In this article, we’ll discuss what PCI compliance is and how it affects nonprofits accepting online donations. A secure payment gateway is the most important step you can take to protect your donors’ credit card data and avoid liability. But what do you know about the security requirements for processing credit cards?

Liability

Qgiv

OCTOBER 25, 2022

In this article, we’ll look at the value of FAQ pages and share some ideas for what to include. Events that have a physical component, such as a race, may require a liability waiver or some other paperwork. To ensure your peer-to-peer event is a success, you need to prepare your participants to fundraise better. Why are FAQs important?

Liability

Qgiv

AUGUST 10, 2022

For the sake of brevity, let’s say that you did everything we covered in our first article, “ 10 Tips for Onboarding All Types of Volunteers.” This is also a good time to discuss liability issues and your board liability insurance (which you have, of course.) If so, that’s a great start.

Finance

Allied Grant Writers

OCTOBER 19, 2021

Articles of Incorporation and By-Laws are official statements that must be filed with the appropriate state agency in order to establish your organization. This is to protect both the board and staff from legal liabilities. Secure and prepare your documents. Note : requirements may vary per state] 2. File these documents.

Grant Writing

Allied Grant Writers

OCTOBER 19, 2021

Articles of Incorporation and By-Laws are official statements that must be filed with the appropriate state agency in order to establish your organization. This is to protect both the board and staff from legal liabilities. Secure and prepare your documents. Note : requirements may vary per state] 2. File these documents.

Grant Writing

Fundly

DECEMBER 11, 2020

Why This Online Waiver Software Made Our List While CityGro may have slightly less functionality in the waiver creation process than other waiver-specific providers, it’s a perfect solution for businesses looking to enhance their marketing strategies and retain more customers through the use of digital liability waivers.

Software

Selfish Giving

JANUARY 9, 2019

Do companies like Dollar Tree and Dollar General still make good corporate partners, or are they too much of a liability for your nonprofit? This article asks what I asked: "What is it about Costco?" Are dollar stores the next tobacco companies ? Are they bad news for public health and local economies? Tread carefully, friends.

Liability

Planned Giving

AUGUST 14, 2024

This article aims to clarify the differences between a trustor and a trustee and provide an in-depth understanding of their respective roles. This article is designed to shed light on the differences between a trustor and a trustee, their duties, rights, and how they work together to achieve the goals of a trust. What is a Trust?

Management

Planned Giving

JANUARY 14, 2025

Notice The information below, as well as the FAQs at the end of this article, provide a general guide to common probate questions and are for informational purposes only. This includes real estate, bank accounts, investments, personal property, and liabilities like mortgages and loans. They should not be considered legal advice.

Insurance

Qgiv

AUGUST 27, 2021

In this article, we’ll cover things to consider when evaluating the safety of your event, share some resources, and provide best practices on how to develop your plan. Every event has its own intricacies to consider, and this article gives you a good place to start! Not sold yet? Here’s why you should be!

Contract

The NonProfit Times

JANUARY 9, 2025

Those systems can generate new works of authorship, such as software programs, artistic works, and articles and white papers. Tort Liability. You must consider the potential tort liability issues that might arise from the use of AI. Intellectual property is a key legal issue that leaders must consider when using AI.

ChatGPT

Blue Avocado

OCTOBER 22, 2024

This Article is Certified Gold Avocado Gold never goes out of style — and neither does good advice. This Gold Avocado article highlights eight essential responsibilities of a nonprofit’s treasurer — with a focus on treasurers of all-volunteer organizations.

Budget