As a nonprofit professional, you’re likely familiar with the main benefit of your organization’s 501(c)(3) status: exemption from federal income tax. Upon establishing your nonprofit, the founders filed Form 1023 with the IRS to register it as a charitable organization that would be tax-exempt for its entire existence—as long as it maintained compliance with nonprofit […]
Whether your museum focuses on art, history, science, or another subject matter, its purpose is to bring people together through dynamic educational experiences. Anyone who visits your facility or interacts with your content should come away feeling like they learned something new and knowing that they belong within your community. Although some of this purpose […]
As a nonprofit professional, you’re always looking for innovative ways to fundraise. After all, you’ll only reach your fundraising goals if your initiatives stand out from the crowd and interest your supporters.
When everything is going well for your nonprofit, risk management probably doesn’t seem like a priority. However, if difficult situations arise, having a risk management plan in place can be your organization’s saving grace.
