For Love or Lucre: Create a nonprofit, a for profit or something in between
OIOpublisher Social entrepreneurs who want to start a new venture quickly confront an important question: What type of legal structure should I create? Should I start a traditional nonprofit, a for-profit, or something in between? This is not a simple question to answer, and it is in some ways becoming more difficult with the proliferation [...]
Round-up non-profit expands micro-donation options to salaries
Ever since Barak Obama managed to raise $6.9 million out of $25 million through small donations on the web, 92% of which were $100 or less, many involved in the non-profit world started to understand the potential of crowd sourcing small “micro-donations” instead of, or in addition to, the traditional approach of getting small numbers [...]
Freddie Mac, Non-Profit Groups Team Up to Help Discouraged Borrowers Pursue Loan Modifications
Freddie Mac and 13 national and local non-profit organizations today announced a pilot effort to convince discouraged delinquent borrowers to pursue mortgage workouts that can save their homes and steer clear of foreclosure. Freddie Mac’s new Borrower Help Centersin Chicago, Phoenix, San Bernardino and Washington, DC are designed to provide free, confidential one-on-one “holistic” mortgage [...]
IRS Hot Topics for Tax-Exempt Organizations to Watch in 2010
Earlier this month, IRS Tax Exempt and Government Entities Division (TE/GE) Director of Rulings and Agreements Robert Choi discussed some of the big tax changes facing nonprofit organizations in the year ahead. Changes in Form 990 and 990-EZ In addition to changes to the form itself, eligibility requirements for the Form 990 will change for [...]
Starting A Not For Profit
The stepping stone of a non-profit organization is first determining the purpose of establishing such an organization. This can be achieved by self-writing a basic mission statement of the organization. This is also a formal requirement for the incorporation of the organization in future. There are certain guidelines to be followed: • The statement should [...]
Not for Profit Programs
Organizations in the non-profit sector require effective management in order to do justice to their objectives and function smoothly that brings out the best in terms of performance. They need to resort to the not for profit programs that provide their directors the requisite knowledge for the key-board accountabilities and the responsibilities. The perfect not [...]