Posts Categorized: Nonprofits

Mastering Board Meeting Minutes for Nonprofits

June 28, 2024 Posted by Casey Summar in Board, Director Duties, Non-profits, Nonprofits
Tags:

Proper documentation is crucial for nonprofit organizations to maintain legal compliance, ensure accountability, and preserve historical records. Meeting minutes for nonprofits play a vital role in this process by creating a formal record of discussions, decisions, and actions taken during meetings of the board of directors and its committees. This blog post explores their purpose, …

READ MORE »

Filing a Nonprofit Statement of Information: A Comprehensive Guide

May 31, 2024 Posted by Casey Summar in Director Duties, Non-profits, Nonprofits, organization
Tags:

In California, every domestic nonprofit corporation must file a Statement of Information (the “Statement”) within 90 days of incorporation and every two years thereafter. Nonprofit corporations formed outside of California but that operate in the state must file a Statement of Information within 90 days of initial registration in California and every year thereafter. If …

READ MORE »

Ensuring Effective Governance in Nonprofits: The Importance of Good Bylaws and Written Policies

April 29, 2024 Posted by Casey Summar in Non-profits, Nonprofits, organization, Policy
Tags:

Effective governance is essential for the sustainability and legal compliance of nonprofit organizations. At the Law Firm for Non-Profits, we believe it is important for a nonprofit board of directors to adopt and follow suitable written policies and procedures. Such documents are vital to steering the nonprofit organization on the correct path and ensuring awareness of and adherence to the laws that regulate them. The Foundation of Good Governance: Clear and Comprehensive Bylaws Good governance …

READ MORE »

How to Handle Conflict of Interest Transactions Within a Nonprofit

January 4, 2024 Posted by Casey Summar in Conflict of Interest, Non-profits, Nonprofits
Tags:

It is a best practice for nonprofits to have a conflict of interest policy to guide them on how to approach conflict of interest transactions. Such a policy will help ensure that, when actual or potential conflicts of interest arise in connection with a proposed transaction, the nonprofit has a process in place under which the relevant individual(s) will advise the governing body about all the pertinent facts concerning …

READ MORE »

Charitable Solicitations: What to Know About Fundraising Registrations and Permits as a Nonprofit

December 4, 2023 Posted by Casey Summar in Fundraising, Nonprofits
Tags:

Most states and even some localities require nonprofits to register or obtain permits for the privilege of asking their residents for donations. This type of fundraising activity is called “charitable solicitations” and is heavily regulated to prevent fraud and harassment of the public.  While it varies by state, county, and city, any activity that invites someone to …

READ MORE »

Charitable Donations and Nonprofits

November 6, 2023 Posted by Casey Summar in Charitable Deductions, Donations, Non-profits, Nonprofits
Tags:

Any organization that has received an IRS determination letter recognizing it as a 501(c)(3) organization may offer donors a tax deduction for their donations. However, for your donors to receive a tax deduction, your nonprofit must properly acknowledge charitable contributions it receives by following the requirements described below. What is a Donation Acknowledgment? As summarized …

READ MORE »