Monthly Archives: March 2010

Does nonprofit, 501(c)(3) and tax-exempt all mean the same thing?

Posted on March 25, 2010 by Michele

Please be aware that while these terms are often used interchangebly, they do not mean the same thing. Nonprofit means the entity, usually a corporation, is organized for a nonprofit purpose.  The organization serves some public purpose and therefore enjoys … Continue reading →

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Charitable Solicitations Registration Services

Posted on March 25, 2010 by Michele

In the midst of searching for many answers to my fund accounting questions and trying to understand the obligations our non-profit (Off The Front) has, I found a website with some great information that I wanted to pass along.  The … Continue reading →

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What benefit does being 501(c)(3) offer my nonprofit and its contributors?

Posted on March 25, 2010 by Michele

One of the primary benefits of being tax-exempt under IRC Section 501(c)(3) is the ability to accept *contributions and donations that are tax-deductible to the donor. Additional benefits include, but are not limited to: * Exemption from federal and/or state … Continue reading →

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Exempt Organizations: What Are Employment Taxes?

Posted on March 25, 2010 by Michele

The following information is taken from the IRS Website Tax-exempt organizations have great responsibilities while operating and managing their activities. Before an organization becomes an employer and hires employees, it needs a federal Employer Identification Number (EIN). If the organization … Continue reading →

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Online Donations

Posted on March 18, 2010 by Michele

Receiving donations are crucial to your organization.  Perhaps even more important is the accessibility your donors have to contribute to your church or non-profit.  Now that being said, I grew up in church and see that there is something beautiful … Continue reading →

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Setting up a bank account for your non-profit

Posted on March 12, 2010 by Michele

The management of your organizations money is a critical part of what you do. What do you need to look for in a bank account for your non-profit organization?  Once you have incorporated your non-profit organization as a separate legal … Continue reading →

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Steps to Establishing Your Church Plant or Non-Profit

Posted on March 11, 2010 by Michele

Establishing your church or non-profit can be a somewhat lengthy process.  There are a great deal of steps involved and some steps are dependent on others being completed. Here, I have a list of the action steps for consideration.  Keep … Continue reading →

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Don’t Waste Money While Planting Your Church

Posted on March 8, 2010 by Michele

Let’s be honest.  Planting a church can be expensive.  I appreciate the candor of Bob Thune in the following article I am posting. If  you’re a church planter, chances are you could be wasting money. The Sales Pitch Let’s be … Continue reading →

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How to Form a 501(c)(3) Nonprofit Corporation

Posted on March 3, 2010 by Michele

Forming a nonprofit corporation is much like creating a regular corporation, except that nonprofits have to take the extra steps of applying for tax-exempt status with the IRS and their state tax division. Here is what you need to do: … Continue reading →

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