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Nonprofit’s board of directors
The board of directors is the governing body of an organization. Individuals on the board are referred to as the “directors” and are responsible for building and overlooking the organizational structure of the organization. But what exactly is a board of directors and what is the role of directors within
People working on a form
105(c)(3) organizations may be tax-exempt, but they need to file an information form with the IRS, known as Form 990. The form ensures that nonprofits continue to conduct their business in a way that is consistent with their beneficial or charitable goals. Officially, Form 990 is known as the Return of
Professional discussing nonprofits and 501c3 organizations
Considering the tedious paperwork and legal terms and jargon, setting up a nonprofit organization can be quite confusing and daunting. Many people confuse nonprofits on a state level with nonprofits on the 501(c)(3) IRS level. It is must be noted that while many areas of these two types of organizations
Five people joining hands to form a heart
Starting a nonprofit organization can be an incredibly rewarding experience. However, starting and running a nonprofit is a serious business. Therefore, before jumping into setting up a nonprofit, it is important to learn why people set up nonprofits. Familiarize yourself with the benefits of nonprofits to decide if this type
A person writing on a form
Starting a nonprofit organization can be very rewarding. However, the process of setting up a nonprofit, especially a tax-exempt organization with a 501(c) (3) status, can be very challenging. From preparing comprehensive paperwork to filling out several forms, a lot of work is required to start up a tax-exempt organization