Posts

Fundraising and Timing Issues for Newly Formed Nonprofit Organizations
December 13, 2019

Startup nonprofits often face a tough fundraising challenge during their first year or two of existence. The organization desperately wants to begin operations in pursuit of its charitable mission before they receive formal approval of their…

Tax-Exempt vs. Nonprofit in Virginia
June 06, 2019

Most people use the terms “nonprofit” and “tax-exempt” interchangeably. Legally speaking, however, the terms have different meanings. The term “nonprofit” generally refers to provisions of state law that authorize the formation of…

Community Service a Great Part of Small Business Ownership
May 15, 2018

Having the flexibility and freedom of contributing your time, talent, and resources to charitable causes you find worthwhile is one of the best things about owning your own business. Over the course of the past month, I have had a great time…

Free Download on Organizational Basics for Virginia Nonprofits
April 10, 2018

There are many misconceptions about forming a Virginia nonprofit organization: (i) it is a quick process, (ii) nonprofit fundraising is easy, (iii) one or two people can handle everything, and (iv) founders can profit from the growth and success…

Why Donating Securities to Charity is a Smart Strategy
March 14, 2017

An increasingly popular strategy for charitable giving--especially in a rising stock market--is to donate securities to charity.  Aside from the obvious philanthropic benefit of supporting an organization or cause that you are passionate about…

IRS Releases New Version of Form 990-EZ
February 02, 2017

The IRS announced today the release of an updated Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, that will help tax-exempt organizations avoid common mistakes when filing their annual return. The new version of Form…

Be Careful Not to Convert Your Nonprofit Volunteers into Employees
November 18, 2016

Nonprofit organizations often struggle recruiting and retaining volunteers, and they try valiantly to come up with creative ways to recognize and reward those individuals who generously contribute their time and talent to the organization. …