Articles

Articles

Should your nonprofit have a Workers’ Compensation policy? (Probably.)

Should your nonprofit have a Workers’ Compensation policy? (Probably.)

I know, I know, a lot of nonprofits don’t have workers’ comp. Say you don’t have any employees, only 1099 contractors. Or, everything is run by volunteers. Or, the board is the only people involved. Most people would assume that you don’t need worker’s comp is not needed in any of those situations.

BUT in all those cases, you might need to start thinking about workers’ comp. Surprised? I was too, until I had a chance to sit down with Tom Wertish from Novallus Insurance. (Watch the video here!)

Read on to learn more!

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I just started a nonprofit…what kind of insurance do I need? Part two

I just started a nonprofit…what kind of insurance do I need? Part two

Looking for part one? Read it here!

So you’ve started a nonprofit, you have everything in place, and you even saw my conversation with Tom Wertish about D&O insurance and went out to get that. All done, right?

Well, not quite. Directors and Officers insurance isn’t the only insurance your nonprofit will need. Tom (my friend over at Novallus Insurance) and I also talked about general liability insurance as a must-have. ALL nonprofits (and for-profits for that matter), no matter the size, location or mission, should have general liability insurance. Watch our full conversation here!

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I just started a nonprofit…what kind of insurance do I need?

I just started a nonprofit…what kind of insurance do I need?

Recently I sat down to chat with a friend of mine, Tom Wertish, an insurance broker with Novallus Insurance, about the insurance needs of new nonprofit startups. (Watch the whole conversation here!)

A lot of nonprofit founders I meet with are surprised when I tell them to talk with an insurance agent. For some reason, people assume that nonprofits have less risk and don’t need insurance.

But, it’s actually the opposite!

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Putting together the board of directors? Here are some things to think about before asking your attorney friend to serve on the board.

Putting together the board of directors? Here are some things to think about before asking your attorney friend to serve on the board.

I work with a lot of people who’d like to start a nonprofit. One of first things I usually have to remind those founders is that a nonprofit startup needs board members. Once I remind them of all the important things the nonprofit board does, it’s up to them to find  people that’ll do a good job. Sometimes, those people are attorneys, and sometimes that can cause problems down the road.

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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 II: How to set up a board of directors

Nonprofit Myth Busters II: How to set up a board of directors

If you’re here, you’re probably thinking about starting a charity and wondering – how much do you know about the board of directors?

Did you catch the first episode of Nonprofit Myth Busters and are yearning for more?  (check it out here) I’m proud to say this Episode II is free of JarJar Binks (sorry, that’s my Star Wars fan humor showing).

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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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