Posts

Question: We are a regional 501(c)(3) exempt organization looking to form local chapters expand our reach. Can these chapters simply use our EIN and exempt status?
September 20, 2024

Question: We are a regional 501(c)(3) exempt organization looking to form local chapters expand our reach. Can these chapters simply use our EIN and exempt status? Answer:  It depends.  Parent-chapter relationships can be very difficult to…

What is the Difference Between a Public Charity and a Private Foundation?
March 28, 2022

In the nonprofit community, the words “public charity” and “foundation” often are used interchangeably. However, there is an important legal distinction between the two types of tax-exempt organizations.   For starters, it is helpful…

Fundraising and Timing Issues for Newly Formed Nonprofit Organizations
December 13, 2019

Startup nonprofits often face a tough fundraising challenge during their first year or two of existence. The organization desperately wants to begin operations in pursuit of its charitable mission before they receive formal approval of their…

May nonprofits sell ad space in a charity event program to political candidates?
August 26, 2019

A 501(c)(3) exempt organization risks losing its exempt status it “participates” in a political campaign. The IRS has said that it is not a participation in a political campaign if a candidate rents space or facilities from a charity that…

Using Form 1023-EZ to Apply for 501(c)(3) Exempt Status
June 03, 2019

Question: I know there is a relatively new and simplified Form 1023, called Form 1023-EZ, to use in applying to the IRS for 501(c)(3) exempt status. It requires assets less than $250,000, and forecasted revenue less than $50,000 for the current…