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 […]
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.
In today’s nonprofit landscape, building strong corporate partnerships has become a game-changer for organizations aiming to make a lasting impact. Collaborations between mission-focused nonprofits and philanthropic-minded businesses hold power to produce exponential results and growth for each party involved. In this guide, we aim to highlight the transformative nature of nonprofit-corporate partnerships—and explore the ways in […]
When it comes to fraternity and sorority management, overseeing finances is a crucial, yet challenging part to master. After all, a comprehensive budget takes time to create, but you have classes, extracurricular activities, and other managerial responsibilities to juggle. If you’re anything like most college students in your position, you likely don’t have extensive financial experience […]
Nonprofit professionals spend a lot of their time looking for new ways to raise money and enhance their fundraising efforts. From developing new fundraising ideas to hosting your next event, you work hard to earn the funds you need to back your mission. But how often do you stop to consider the implications of your nonprofit finances […]
