Can My Newly Formed Not-for-Profit Organization Begin Operations Before Receiving Tax-Exempt Status?
Yes, generally a Not-for-Profit Organization can begin operations before receiving tax-exempt status. Recognition is usually effective retroactive to the earlier of: the date of the Organization’s legal formation, or the beginning of the Organization’s programs. Therefore, the Organization’s activities are retroactively tax-exempt and donations are also retroactively tax-deductible to the donor.Note: in order for the program date to […]
In the United States, there is a uniform set of requirements for both nonprofit and for-profit organizations. However, these requirements and standards are not without change. The most recent change took place this December. To make sure you are aware of these changes and what they might mean for your organization, please follow this link.
Effective grant writing is imperative to most nonprofit organizations. Having an organized system and an up-to-date data library will allow your last-minute grant writing experience to go from stressful to successful. This article provides helpful tips and tricks to make sure that you are prepared for your next grant writing session. Click here to learn […]
When it comes to grant money, spending the funds in the manner described by your grant proposal is very important—and modifying a grant award is a time-consuming extra step. As such, you should be sure to coordinate carefully among your development team, program staff, and nonprofit proposal writers to ensure that your grant proposals accurately […]
For nonprofits that managed to persist in the face of the pandemic, now is the time to switch focus from surviving to thriving, writes Evgeny Redjebov in a new article for Forbes. This means pursuing new digital approaches, adopting data-driven strategies, and developing an adaptive working environment. Click here to learn more.