Featured post by Erica Waasdorp- Have you tried using QR codes yet in your appeals or on your postcards? They are also a terrific way to generate more monthly donors. If you haven’t already done so, start by creating a…
Featured post by Erica Waasdorp- Last year, proposed Mastercard regulations and deadlines for subscription provided quite the scare for nonprofits. One of the regulations would have mandated providing recurring gift receipts every month — at least online. Another regulation would…
Sometimes doing nothing is better than doing something, like not stepping on a landmine. But usually taking some level of action in the right direction is far more preferable, especially when the IRS examines a nonprofit organization’s activities for whether…
To what extent can a state attorney general control a nonprofit organization? The answer may be surprising – quite extensively! Under many states’ charitable trust and fundraising laws, a state AG may remove a nonprofit leader, deny fundraising opportunities, and…
Nonprofits are increasingly going paperless with their documentation, and all organizations should have protocols for addressing document management, retention, and destruction. So how should responsible nonprofit organizations develop new document retention policies or upgrade their old policies, in light of technological…
When should a nonprofit establish – and maintain – an endowment? The term “endowment” typically refers to funds set aside, either internally within a nonprofit or externally through a separately-created entity for the charity’s benefit. Whether internally maintained or separately developed,…
Is your nonprofit at risk for fraudulent financial activity? Nonprofit organizations tend to be more trusting of their employees, have less resources devoted to administrative costs, and have less stringent financial controls than for-profit organizations. They are more likely to be victims…
Corporate mergers and their legal kin, namely asset transfers and consolidations, sound like business concepts, but they bear enormous potential significance for nonprofit organizations. Nonprofits can use these corporate transitions as powerful strategic options for combining and leveraging shared visions…
For ongoing nonprofit legal compliance, what annual reports need to be filed? Three key types of reports may be required, depending on the specific state involved and the nonprofit’s particular activities: (1) IRS – a version of the IRS Form…
What happens when a person is injured in connection with a nonprofit’s activities? Two correct answers are (1) care should be given to the injured person; and (2) an incident report should be completed. Additional answers may include mandated reporting…
