Starting with the incorporartion procedure

Documents required for incorporating a nonprofit (get them handy to start with the formal incorporation procedure) a)Business Address – A complete business address – not just the post box number. b) Mailing address – if different from the… Read More

Starting with a Fiscal Sponsorship

Fiscal sponsorship is a formal arrangement whereby a 501(c)(3) tax exempt organization financially supports another organization, Individual or a project that may not have a tax exempt status. The organization that agrees to provide fiscal sponsorship is called… Read More

Nonprofits and Political campaigning

Tax exemption recognition and Political campiagning do not go together for non profit organizations. Nonprofits that seek 501(c)(3) tax exemption are not allowed to support or affiliate to any political group. Nonprofits that intend to indulge in political… Read More

Being a Nonprofit Employer

A nonprofit organization can hire: a) Employees – Including full time, part time employees and/or officers b) Independent Contractors – for availing one-time or specialized services c)Volunteers – to execute programs and activities as outlined in the organization’s… Read More

Tax exemption for nonprofits:The basics

As per the Federal taxation system tax must be paid on income earned by individuals or corporations. There are however certain categories of Income that are exempt from tatxation under special statutes passed by the Congress. Non profit… Read More