Articles

Articles

What Does it Mean to be a Nonprofit Board Member?

What Does it Mean to be a Nonprofit Board Member?

I work with a lot of people who think they’d like to start a nonprofit. One of first things I usually have to remind those founders is that a nonprofit needs board members. Usually, those founders don’t really know how important the board members really are.

I’m going to give you an overview of what the board does and what your legal obligations are as a member of a nonprofit board.  I can help founders understand what you’re asking from these folks and help board members better understand exactly what you are signing up for before you agree to serve on a nonprofit board.

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Nonprofit Myth Busters III: Nonprofits and the IRS

Nonprofit Myth Busters III: Nonprofits and the IRS

Are you dreaming about starting a nonprofit? That’s great! Maybe you aren’t sure whether a nonprofit is the right vehicle for your big idea. That’s okay, too. I spend a lot of time helping people figure out what exactly they should be doing when starting a charity. Breaking down the false ideas and myths about the nonprofit sector ends up being a big part of my work with founders.

In the last two episodes of this series we talked about nonprofit money myths (here) and setting up the board problems (here). This time I want to talk with you about the limiting beliefs around the IRS and nonprofits.

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Nonprofit Myth Busters: Starting a nonprofit may not be right for you

Nonprofit Myth Busters: Starting a nonprofit may not be right for you

So, you want to start a charity? Exciting!

If you’re like most of the people I work with, then you have been dreaming and planning and mulling and stewing and talking about this for a long time. Or the idea struck you like a lightning bolt, and now you’re possessed with executing it RIGHT NOW.

But before you start running down the road to nonprofit land, think about whether you’ve fallen prey to these myths about starting a nonprofit…

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Pro Tip: How do you change your name with the IRS?

Pro Tip: How do you change your name with the IRS?

Recently I had a colleague who shared that her organization had decided to change it’s name for from Nonprofit ABC to Nonprofit XYZ. Well, that is easy enough to accomplish with a simple Articles of Incorporation Amendment and the payment of a $55 filing fee (in MN).

PRESTO-CHANGE-O – your name is changed!! Or, you thought, right?

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Mergers: Why they work and why they don’t

Mergers: Why they work and why they don’t

Mergers in the nonprofit sector can bring up conflicting opinions. A merger can be a promise of wild success or of complete failure, and it’s not always obvious which way it’s going to go. But, if planned carefully, you can avoid the pitfalls of mergers and take advantage of the many positives of collaboration across the nonprofit sector.

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10 tips for negotiating a commercial real estate lease

10 tips for negotiating a commercial real estate lease

Depending on the nature of your programming, most nonprofits need a space to rent at one point or another. Or maybe your organization has a space and needs to sublease. Or maybe you are considering renting space from another organization. In any case, most organizations that grow past a certain size need some kind of commercial real estate lease. I can help with these things, but to get you started down the path, here are some tips when considering commercial leasing…

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When your nonprofit is ready for corporate sponsorship

When your nonprofit is ready for corporate sponsorship

Corporate giving is a great source for fundraising. But what is corporate sponsorship?

Corporate sponsorship support is when a business gives financial support to a nonprofit to further the its mission. The nonprofit generally acknowledges that the business has supported its activities, programs, or special event.

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The 15 Most Common Nonprofit Bylaw Pitfalls: How to Avoid the Traps

The 15 Most Common Nonprofit Bylaw Pitfalls: How to Avoid the Traps

The bylaws are super important to your nonprofit. They form the backbone of  a nonprofit’s governance. Without updated, relevant bylaws, directors are often at a loss for how to handle issues that may arise. When there’s a membership dispute, a concern about a director’s behavior, or a voting issue, the bylaws instruct the directors how to proceed. Are your nonprofit’s bylaws ready to handle an unexpected emergency?

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