IRS Form 1023 Help – Nonprofit Application For Tax Exemption

A Complete Do-It-Yourself Guide To Staring A 501(c)(3) Nonprofit Organization

Media relations some do’s and don’ts

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media-relationWhether you are embarking on an expedition to set a world record or planning a fundraising event for your favorite charity, you should never underestimate the power of press. Every activity in the world costs money and even millionaires don’t like to pay for their own expenses. Take Ewan McGregor for example. With $7 million for his Star Wars movie Revenge of the Sith, Ewan is not a middle class, but nevertheless appeared on network TV shows to drum up sponsorship money when it came to his motorcycle trips. Read the rest of this entry »

Nonprofit executive compensation

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ceoThe nonprofit sector has become every bit as greedy as the for-profit sector, and in some cases, it has surpassed the latter. In today’s market, the administrative cost and executive compensations have become a direct derivative of the organization’s net income. The more the organization receives, the higher the salary of its executives will be. A 10 million dollar corporation will have a surplus of 1.5 to 3 million dollars to candy out to its executives and other expenditures. Read the rest of this entry »

What are employees, interns and volunteers

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VolunteerFor many nonprofits, the savings that come from not paying wages, benefits and taxes provide a great incentive to classify workers as interns or volunteers.  But for the nonprofits that inappropriately classify workers as interns or volunteers, those misclassifications can lead to lengthy governmental investigations or costly lawsuits, including class action litigation.  The consequences are serious – oftentimes financially crippling – administrative penalties or damage awards, which typically include, among other things, payments for back wages, Read the rest of this entry »

Limitation on lobbying activities by non-profits

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lobbyingNonprofit organizations that qualify for federal income tax exemption under Section 501(c)(3) of the Internal Revenue Code (the “Code”) have the most favorable tax status, but they also have the most restrictions on government affairs activities. To maintain their 501(c)(3) tax-exempt status, these organizations must avoid all political campaign activities and must keep lobbying within permissible limits. While there is an absolute prohibition on 501(c)(3) organizations participating or intervening in any political campaign Read the rest of this entry »