Featured Articles
Survival Tips for Non-Profit
Surviving during these hard times can be very troubling for many businesses. This concern may be greater for the many non-profit organizations out there. Providing a valuable service with no profit motive, many non-profits can be greatly affected by the dire economic situation in the world today.They have to make to with trying to make the best of their situation. Here are some tips that might hel... [Read More]
Facts About Non-Profit Organization
A non-profit organization is basically an organization that is not considered as a government agency or a business entity. It is an organization that is dedicated to pursue a specific mission, usually for the common good and not for profit. Here are some of the characteristics of a non-profit organization. A Non-Profit PurposeUnlike a business entity or organization, a non-profit's main purpose is... [Read More]
Use Gift Receipts as an Opportunity to Touch Donors
Providing donors with proper receipts is not only good practice but frequently required to enable donors to deduct the contributions on their income tax filings. It's a good idea to provide a receipt or acknowledgment for all donations. Receipts include Name of the organization to which the donation was made and its tax-exempt status (i.e. "a 501(c)(3) charitable organization"); Na... [Read More]
How to Form a Non-profit Corporation
Forming a nonprofit corporation is much like creating a regular corporation, except that nonprofits have to take the extra steps of applying for tax-exempt status with the IRS and their state tax division. Here is what you need to do: Choice of Entity - In forming a nonprofit organization, the first decision, that will become the basis for all future transactions, is the choice of entity. A nonpro... [Read More]