The compliance manual that accompanies the “favorable determination letter” that the IRS will ultimately issue provides that the organization’s continued tax-exempt status will depend on its compliance with the applicable requirements “in operation”. The IRS is ex…
Allow me to introduce myself.
My name is Mike Goulding, and I’m the Chief Executive Officer ("CEO") of Nonprofit Guru LLC.
I am a nonprofit governance consultant, which basically means that I help the directors and officers of nonprofit organizations to “govern” t…
n our capitalist economy, businesses are generally designed and operated to earn a profit. These for-profit entities typically sell products or services that are in demand, and they are required to pay income tax on their net income. Any profit that they earn typi…
Maybe you have already established a nonprofit corporation, or you are considering creating one to serve a purpose—a Mission—to improve the world in some significant way. There are two initial steps to the creation of a charity. The first step is to identify the M…
The IRS and your state government expect your new nonprofit to begin operating like a tax-exempt corporation as soon as it's incorporated. In fact, the IRS review of whether your nonprofit deserves tax-exempt status begins on the date of incorporation, and its fav…
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