If your top executive were to step down tomorrow, would your not-for-profit know how to make a smooth leadership transition or would your boat suddenly be rudderless? Research by the nonprofit BoardSource has found that only 27% of charitable organizations have written succession plans. Most nonprofits, therefore, face an uncertain future — one that […]
Filed under: General by OSA&C Thursday, January 30th, 2020
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Is your not-for-profit thinking about merging or otherwise restructuring? Recently, the IRS made the process easier for some organizations. Revising old rules Under previous IRS rules, tax-exempt organizations were required to file new exemption applications when they made certain changes to their structure. Each change was seen as creating a new legal entity that […]
Filed under: General by OSA&C Tuesday, January 14th, 2020
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Wishing you a healthy, happy, and prosperous 2020!
Filed under: General by OSA&C Wednesday, January 1st, 2020
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