A common misconception I often hear in the startup world is that non-profits are easy and safe, since they don’t have to pay taxes, and they don’t have to make a profit for their shareholders. In reality, from the feedback I get from non-profit executives, exactly the opposite is true. Technically speaking, in the United […]
Nonprofit
5 Best Ways To Finance Your Nonprofit Organization
Whether your organization is for profit-making or not, you need a financial base for you to sustain your operations. Even for nonprofit organizations, there are bills and workers to pay, projects to finance, and licenses and permits to buy. Now, you may be wondering where can you get the money to accomplish all this. You […]
Take These Steps to Form a Non-Profit Business
If you’re looking to form a non-profit corporation, there are several important steps for you to follow. Incorporating a non-profit corporation is often similar to a for-profit corporation, but there are some differences to be aware of. Here are some general guidelines for incorporating a non-profit. Pre-Incorporation Matters Prior to incorporation, you should have a […]
Non-Profit Texting: This is Creative!
Just the other day I was introduced to an East Coast non-profit providing year-round licensed childcare. They are a paid up customer and using text messaging in a very creative way. Unfortunately, we weren’t able to get permission for me to use their name or logo… BUT they were using our texting service in such […]
6 Ways to Boost Your Nonprofit’s Success
Nonprofits are businesses with heart, but they’re businesses just the same. Creating a nonprofit is a labor of love, and it can be a very fulfilling way to live your life, but it can also be devastating if you aren’t able to keep the organization going long-term. If you want to achieve the goals of […]
Choose the Right Non-Profit Group for Your Small Business to Support
Charitable contributions from your small business not only benefit the less fortunate but also allow you to receive a tax deduction. But what’s the correct approach for immersing your business into the world of philanthropy? Let us walk you through the steps of how you can give back the right way. What Is the Right […]
Building a Sustainable Business is More Than Profit
I may be a bit old-fashioned, but I have always looked at a business first for its potential ability to be self-sustaining, and provide reasonable profits to feed my family, my lifestyle, and my retirement. Then secondly, I look for it to be a business I can enjoy, with the potential to change the world. […]
Nonprofit is Not the Same as Tax-Exempt
If an organization receives nonprofit status from the state upon its organization, it must take another step if it wishes to have the ability to accept tax-deductible contributions from potential donors.
More Interested in Making a Difference Than Profits? Social Entrepreneurship.
What if smart and energetic entrepreneurs could “disrupt” a social problem and give us whole new ways at looking at solutions? That’s the heart of social entrepreneurism.
Unrelated Business Taxable Income
Non-profit organizations in the United States do not pay income tax on their “income.” However, when a non-profit ventures into certain business activities, it will owe income tax on this income, termed “unrelated business taxable income (UBTI).”
