SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax WHO OWNS A NONPROFIT? NO ONE! No one person or group of people can own a nonprofit organization. Ownership is the major difference between a for-profit business and a nonprofit organization. For-profit businesses can be privately owned and can distribute earnings to employees or shareholders. But nonprofit organizations do not have private owners and they do not

issue stock

NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT.SEE MORE ON

CULLINANELAW.COM

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax WHO OWNS A NONPROFIT? NO ONE! No one person or group of people can own a nonprofit organization. Ownership is the major difference between a for-profit business and a nonprofit organization. For-profit businesses can be privately owned and can distribute earnings to employees or shareholders. But nonprofit organizations do not have private owners and they do not

issue stock

NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT.SEE MORE ON

CULLINANELAW.COM

NONPROFIT + SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. WHAT IS A BENEFIT CORPORATION? B-CORP? WHAT'S THE DIFFERENCE? B All That You Can B! Certified B Corporations. Many clients ask us about becoming a B Corp and whether it’s right for them. We also hear a lot of confusion about the difference between a “B Corp” and a “benefit corporation.”. The B Corporation (or “B Corp”) is a relatively new certification and a way for entrepreneurs to identify their business as something more than just a for HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. DO NONPROFITS FILE TAX RETURNS? WHAT IS A 990? The IRS Form 990 is the reporting form that many federally tax-exempt organizations must file with the IRS each year. This form allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. The type of Form 990 to be filed by an organization depends

on

WHAT IS A SOCIAL ENTERPRISE? L3C, BENEFIT CORPORATIONS, B-CORP Social entrepreneurship is a rapidly emerging field in which nonprofit and business leaders develop mission-driven enterprises. Social enterprise deals with creating and leading organizations that advance social change through innovative solutions. The traditional lines are blurring between nonprofit organizations, government, and business WHAT IS A 501C7 SOCIAL CLUB? HOW DO I START ONE? What is a 501(c)(7) organization? Not all tax-exempt organizations are private foundations or public charities. Under Internal Revenue Code Section 501(c)(7), social clubs like fraternities and country clubs can be recognized as tax-exempt organizations. What is a social club? 501C7 SOCIAL AND RECREATIONAL ORGANIZATIONS 501 (c) (3) organizations must spend their income on activities that further their exempt purpose, which is a charitable cause. 501 (c) (7) social clubs’ exempt purpose does not have to be charitable, but it must be social or recreational and non-profitable. 501 (c) (7) are limited to membership. SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT.SEE MORE ON

CULLINANELAW.COM

CAN I DEDUCT THE VALUE OF MY VOLUNTEER SERVICE TO A NONPROFIT? Volunteers cannot deduct the monetary value of their time volunteering to an organization. (The general rule is that you donate cash or items for it to count as a deduction). Example: An individual volunteers three hours of her time in the mail room at a nonprofit organization. Normally, the nonprofit would pay a staff person for this service SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT.SEE MORE ON

CULLINANELAW.COM

CAN I DEDUCT THE VALUE OF MY VOLUNTEER SERVICE TO A NONPROFIT? Volunteers cannot deduct the monetary value of their time volunteering to an organization. (The general rule is that you donate cash or items for it to count as a deduction). Example: An individual volunteers three hours of her time in the mail room at a nonprofit organization. Normally, the nonprofit would pay a staff person for this service NONPROFIT + SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. NONPROFIT MINUTES AND MEETINGS Minutes are the official record of the proceedings of a meeting. The IRS and most state laws ( section 3.151 of the Texas Business Organizations Code) require that corporations, including nonprofit corporations, keep copies of their meeting minutes. Minutes are a governance measure that provide a glimpse into how the organization is

being operated.

NONPROFIT FACT SHEETS The fact sheet should contain the basic information you would want a stranger to your nonprofit to know. The one-page fact sheet should include the following points: Mission statement: Include a brief statement on what your nonprofit does. Summary of programs: Outline what programs you offer. Summary of clients served: Include who you

serve and

WHAT TO CONSIDER BEFORE STARTING A NEW NONPROFIT ORGANIZATION. Before starting a nonprofit, you may find it helpful to have some resources (besides time, money, and dedication). These might include: Network of Contacts – You will need a diverse network of contacts to help get your nonprofit up and running. One of HOW TO HANDLE A NONPROFIT BOARD CRISIS The Vice President at the Susan G. Komen for the Cure foundation resigned Tuesday following the group’s decision to reverse its decision to end funding of Planned Parenthood.. This announcement comes after last week’s news stories surrounding Komen’s decision to halt funding to Planned Parenthood. The funding decision was made in response to a congressional committee

GET 501C3 STATUS

A copy of this notice is posted on the IRS web. You can search the Exempt Organizations Select Check to check your organization’s status at any time. If you don’t find your nonprofit’s name on the list, it does not necessarily mean that it does not have its WHAT IS A 501C7 SOCIAL CLUB? HOW DO I START ONE? What is a 501(c)(7) organization? Not all tax-exempt organizations are private foundations or public charities. Under Internal Revenue Code Section 501(c)(7), social clubs like fraternities and country clubs can be recognized as tax-exempt organizations. What is a social club? HAVE YOU LOST YOUR 501C DETERMINATION LETTER? If your nonprofit has misplaced your 501 (c) determination letter for the IRS, you can get a copy of an affirmation letter to have “proof” of your tax-exempt status. Call the IRS Customer Service for nonprofit organizations at 1-877-829-5500 and give them your nonprofit’s name and Employer Identification Number (EIN). After an

agent

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. WHAT TO CONSIDER BEFORE STARTING A NEW HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT.SEE MORE ON

CULLINANELAW.COM

CAN I DEDUCT THE VALUE OF MY VOLUNTEER SERVICE TO A NONPROFIT? Volunteers cannot deduct the monetary value of their time volunteering to an organization. (The general rule is that you donate cash or items for it to count as a deduction). Example: An individual volunteers three hours of her time in the mail room at a nonprofit organization. Normally, the nonprofit would pay a staff person for this service SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. WHAT TO CONSIDER BEFORE STARTING A NEW HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT.SEE MORE ON

CULLINANELAW.COM

CAN I DEDUCT THE VALUE OF MY VOLUNTEER SERVICE TO A NONPROFIT? Volunteers cannot deduct the monetary value of their time volunteering to an organization. (The general rule is that you donate cash or items for it to count as a deduction). Example: An individual volunteers three hours of her time in the mail room at a nonprofit organization. Normally, the nonprofit would pay a staff person for this service NONPROFIT + SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. NONPROFIT MINUTES AND MEETINGS Minutes are the official record of the proceedings of a meeting. The IRS and most state laws ( section 3.151 of the Texas Business Organizations Code) require that corporations, including nonprofit corporations, keep copies of their meeting minutes. Minutes are a governance measure that provide a glimpse into how the organization is

being operated.

NONPROFIT FACT SHEETS The fact sheet should contain the basic information you would want a stranger to your nonprofit to know. The one-page fact sheet should include the following points: Mission statement: Include a brief statement on what your nonprofit does. Summary of programs: Outline what programs you offer. Summary of clients served: Include who you

serve and

HOW TO HANDLE A NONPROFIT BOARD CRISIS The Vice President at the Susan G. Komen for the Cure foundation resigned Tuesday following the group’s decision to reverse its decision to end funding of Planned Parenthood.. This announcement comes after last week’s news stories surrounding Komen’s decision to halt funding to Planned Parenthood. The funding decision was made in response to a congressional committee CAN I DEDUCT THE VALUE OF MY VOLUNTEER SERVICE TO A NONPROFIT? Volunteers cannot deduct the monetary value of their time volunteering to an organization. (The general rule is that you donate cash or items for it to count as a deduction). Example: An individual volunteers three hours of her time in the mail room at a nonprofit organization. Normally, the nonprofit would pay a staff person for this service

GET 501C3 STATUS

A copy of this notice is posted on the IRS web. You can search the Exempt Organizations Select Check to check your organization’s status at any time. If you don’t find your nonprofit’s name on the list, it does not necessarily mean that it does not have its WHAT IS A 501C7 SOCIAL CLUB? HOW DO I START ONE? What is a 501(c)(7) organization? Not all tax-exempt organizations are private foundations or public charities. Under Internal Revenue Code Section 501(c)(7), social clubs like fraternities and country clubs can be recognized as tax-exempt organizations. What is a social club? HAVE YOU LOST YOUR 501C DETERMINATION LETTER? If your nonprofit has misplaced your 501 (c) determination letter for the IRS, you can get a copy of an affirmation letter to have “proof” of your tax-exempt status. Call the IRS Customer Service for nonprofit organizations at 1-877-829-5500 and give them your nonprofit’s name and Employer Identification Number (EIN). After an

agent

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

WHAT IS A BENEFIT CORPORATION? B-CORP? WHAT'S THE DIFFERENCE? B All That You Can B! Certified B Corporations. Many clients ask us about becoming a B Corp and whether it’s right for them. We also hear a lot of confusion about the difference between a “B Corp” and a “benefit corporation.”. The B Corporation (or “B Corp”) is a relatively new certification and a way for entrepreneurs to identify their business as something more than just a for DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. WHO OWNS A NONPROFIT? NO ONE! No one person or group of people can own a nonprofit organization. Ownership is the major difference between a for-profit business and a nonprofit organization. For-profit businesses can be privately owned and can distribute earnings to employees or shareholders. But nonprofit organizations do not have private owners and they do not

issue stock

HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

WHAT IS A BENEFIT CORPORATION? B-CORP? WHAT'S THE DIFFERENCE? B All That You Can B! Certified B Corporations. Many clients ask us about becoming a B Corp and whether it’s right for them. We also hear a lot of confusion about the difference between a “B Corp” and a “benefit corporation.”. The B Corporation (or “B Corp”) is a relatively new certification and a way for entrepreneurs to identify their business as something more than just a for DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. WHO OWNS A NONPROFIT? NO ONE! No one person or group of people can own a nonprofit organization. Ownership is the major difference between a for-profit business and a nonprofit organization. For-profit businesses can be privately owned and can distribute earnings to employees or shareholders. But nonprofit organizations do not have private owners and they do not

issue stock

HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONS Corporate Philanthropy + Corporate Foundations. Cullinane Law Group works with for-good, for-profit businesses. We help companies that are giving back to their communities. We set up corporate giving programs that help businesses give back to the community, while engaging

employees and

WHAT IS A REGISTERED AGENT? In United States business law, a registered agent is a business or individual who is notified when an organization is a party in a legal action. In short, if your organization is sued, the registered agent will receive the lawsuit. Depending on your state, a registered agent may also be called: statutory agent. agent for service of process. DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax NONPROFIT BOOKS AND RECORDS Employment Records. Nonprofits with employees must keep records in accordance with employment laws. Keep all payroll information, including time cards, sick and other leave, overtime, and payment history for at least four years. Keep records of work-related injuries and illnesses for at least five years. You should check with your

state’s

HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. WHAT ARE THE DUTIES OF NONPROFIT DIRECTORS? Reliance on certain information prepared by others.In some cases, a director may rely on information prepared by others. If the director is acting in good faith and with ordinary care, the director may rely on reports, financial statements, and information prepared by another director or by an employee, a board committee, legal counsel, accountants, or other professionals hired. DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT. Programs and missions can change in any business, including nonprofits. When the focus of a nonprofit organization begins to shift, the nonprofit’s board and staff should consider amending the mission statement to reflect those changes. In revising the mission, the board and staff needs to ensure that the new mission remains

consistent with

WHAT TO CONSIDER BEFORE STARTING A NEW Before starting a nonprofit, you may find it helpful to have some resources (besides time, money, and dedication). These might include: Network of Contacts – You will need a diverse network of contacts to help get your nonprofit up and running. One of WHAT IS A 501C7 SOCIAL CLUB? HOW DO I START ONE? What is a 501(c)(7) organization? Not all tax-exempt organizations are private foundations or public charities. Under Internal Revenue Code Section 501(c)(7), social clubs like fraternities and country clubs can be recognized as tax-exempt organizations. What is a social club? SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. WHAT IS A SOCIAL ENTERPRISE? L3C, BENEFIT CORPORATIONS, B-CORP Social entrepreneurship is a rapidly emerging field in which nonprofit and business leaders develop mission-driven enterprises. Social enterprise deals with creating and leading organizations that advance social change through innovative solutions. The traditional lines are blurring between nonprofit organizations, government, and business CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON

CULLINANELAW.COM

NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. WHAT IS A SOCIAL ENTERPRISE? L3C, BENEFIT CORPORATIONS, B-CORP Social entrepreneurship is a rapidly emerging field in which nonprofit and business leaders develop mission-driven enterprises. Social enterprise deals with creating and leading organizations that advance social change through innovative solutions. The traditional lines are blurring between nonprofit organizations, government, and business CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. WHAT TO CONSIDER BEFORE STARTING A NEW Before starting a nonprofit, you may find it helpful to have some resources (besides time, money, and dedication). These might include: Network of Contacts – You will need a diverse network of contacts to help get your nonprofit up and running. One of NONPROFIT INTELLECTUAL PROPERTY TRADEMARK COPYRIGHTS Mollie Cullinane is an attorney who works with nonprofits and social enterprises, from emerging local charities, professional athletes' foundations, and international organizations. WHAT ARE THE DUTIES OF NONPROFIT DIRECTORS? Reliance on certain information prepared by others.In some cases, a director may rely on information prepared by others. If the director is acting in good faith and with ordinary care, the director may rely on reports, financial statements, and information prepared by another director or by an employee, a board committee, legal counsel, accountants, or other professionals hired. READY TO START A NEW BOOSTER CLUB? Ready to Start a New Booster Club? Most small booster clubs (with projected annual revenues of less than $50,000) opt to form their clubs on their own. We hope our free articles are helpful to you and your club. We work with larger Texas booster clubs (with expected annual revenues of more than $50,000) with their complete booster club

start up.

WHO OWNS A NONPROFIT? NO ONE! No one person or group of people can own a nonprofit organization. Ownership is the major difference between a for-profit business and a nonprofit organization. For-profit businesses can be privately owned and can distribute earnings to employees or shareholders. But nonprofit organizations do not have private owners and they do not

issue stock

HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT. Programs and missions can change in any business, including nonprofits. When the focus of a nonprofit organization begins to shift, the nonprofit’s board and staff should consider amending the mission statement to reflect those changes. In revising the mission, the board and staff needs to ensure that the new mission remains

consistent with

HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. DO NONPROFITS FILE TAX RETURNS? WHAT IS A 990? The IRS Form 990 is the reporting form that many federally tax-exempt organizations must file with the IRS each year. This form allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. The type of Form 990 to be filed by an organization depends

on

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON CULLINANELAW.COMCHRISTIAN PHILANTHROPIC FOUNDATIONSPHILANTHROPIC FOUNDATIONS LISTTOP PHILANTHROPIC FOUNDATIONS NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. WHAT IS A SOCIAL ENTERPRISE? L3C, BENEFIT CORPORATIONS, B-CORP Social entrepreneurship is a rapidly emerging field in which nonprofit and business leaders develop mission-driven enterprises. Social enterprise deals with creating and leading organizations that advance social change through innovative solutions. The traditional lines are blurring between nonprofit organizations, government, and business CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON CULLINANELAW.COMCHRISTIAN PHILANTHROPIC FOUNDATIONSPHILANTHROPIC FOUNDATIONS LISTTOP PHILANTHROPIC FOUNDATIONS NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

HOW TO START A PRIVATE SCHOOL State and local governments will set out laws, regulations, and policies that will affect opening and operating private schools. In Texas, groups wanting to start a private school will need to look to the Texas Education Agency (TEA) for guidance. The U.S. Department of Education also publishes a guide on state regulation of private

schools

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax DONOR ACKNOWLEDGMENT LETTERS The acknowledgment to the donor should include the following: Tax-exempt status statement: Statement that the organization is a 501c3 tax-exempt organization. Include the nonprofit’s EIN in case the donor wants to check the charity’s tax-exempt status. Date of the contribution: The date the donation was received. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. WHAT IS A SOCIAL ENTERPRISE? L3C, BENEFIT CORPORATIONS, B-CORP Social entrepreneurship is a rapidly emerging field in which nonprofit and business leaders develop mission-driven enterprises. Social enterprise deals with creating and leading organizations that advance social change through innovative solutions. The traditional lines are blurring between nonprofit organizations, government, and business CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

NON PROFIT CHECKLIST Nonprofit Checklist: Risk Management. Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the organization. WHAT TO CONSIDER BEFORE STARTING A NEW Before starting a nonprofit, you may find it helpful to have some resources (besides time, money, and dedication). These might include: Network of Contacts – You will need a diverse network of contacts to help get your nonprofit up and running. One of NONPROFIT INTELLECTUAL PROPERTY TRADEMARK COPYRIGHTS Mollie Cullinane is an attorney who works with nonprofits and social enterprises, from emerging local charities, professional athletes' foundations, and international organizations. WHAT ARE THE DUTIES OF NONPROFIT DIRECTORS? Reliance on certain information prepared by others.In some cases, a director may rely on information prepared by others. If the director is acting in good faith and with ordinary care, the director may rely on reports, financial statements, and information prepared by another director or by an employee, a board committee, legal counsel, accountants, or other professionals hired. READY TO START A NEW BOOSTER CLUB? Ready to Start a New Booster Club? Most small booster clubs (with projected annual revenues of less than $50,000) opt to form their clubs on their own. We hope our free articles are helpful to you and your club. We work with larger Texas booster clubs (with expected annual revenues of more than $50,000) with their complete booster club

start up.

WHO OWNS A NONPROFIT? NO ONE! No one person or group of people can own a nonprofit organization. Ownership is the major difference between a for-profit business and a nonprofit organization. For-profit businesses can be privately owned and can distribute earnings to employees or shareholders. But nonprofit organizations do not have private owners and they do not

issue stock

HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT. Programs and missions can change in any business, including nonprofits. When the focus of a nonprofit organization begins to shift, the nonprofit’s board and staff should consider amending the mission statement to reflect those changes. In revising the mission, the board and staff needs to ensure that the new mission remains

consistent with

HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. HOW DO I START A PTO Forming a PTO is the same process as creating any type of tax-exempt nonprofit organization. Here are some steps that will guide you in starting your new nonprofit PTO: Make a plan. Who will you serve? What is your mission? Select a name. Usually, school-based PTOs simply call themselves “ (Name of School) PTO.”. DO NONPROFITS FILE TAX RETURNS? WHAT IS A 990? The IRS Form 990 is the reporting form that many federally tax-exempt organizations must file with the IRS each year. This form allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. The type of Form 990 to be filed by an organization depends

on

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON CULLINANELAW.COMCHRISTIAN PHILANTHROPIC FOUNDATIONSPHILANTHROPIC FOUNDATIONS LISTTOP PHILANTHROPIC FOUNDATIONS HOW TO START A PRIVATE SCHOOL Mollie Cullinane is an attorney who works with nonprofits and social enterprises, from emerging local charities, professional athletes' foundations, and international organizations. NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax DONOR ACKNOWLEDGMENT LETTERS What is a donor acknowledgment letter? A donor acknowledgment letter is more than just a "thank you" letter. Nonprofits have certain requirements to follow -- including providing donors with a donation "receipt" -- often called an acknowledgment letter. Learn what needs to be included in this letter. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. WHAT TO CONSIDER BEFORE STARTING A NEW WHAT IS A SOCIAL ENTERPRISE? L3C, BENEFIT CORPORATIONS, B-CORP Social entrepreneurship is a rapidly emerging field in which nonprofit and business leaders develop mission-driven enterprises. Social enterprise deals with creating and leading organizations that advance social change through innovative solutions. CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

SOCIAL ENTERPRISE LAWYER Award-winning Austin nonprofit attorney helps nonprofits, social enterprises, foundations, charities, churches, professional athletes,

and do-gooders.

PHILANTHROPY AND FOUNDATIONS, SETTING UP FOUNDATIONSSEE MORE ON CULLINANELAW.COMCHRISTIAN PHILANTHROPIC FOUNDATIONSPHILANTHROPIC FOUNDATIONS LISTTOP PHILANTHROPIC FOUNDATIONS HOW TO START A PRIVATE SCHOOL Mollie Cullinane is an attorney who works with nonprofits and social enterprises, from emerging local charities, professional athletes' foundations, and international organizations. NONPROFIT BOARD VS. EXECUTIVE DIRECTOR. WHO DOES WHAT?SEE MORE ON

CULLINANELAW.COM

DOES A NONPROFIT NEED TAX EXEMPT STATUS? A common misconception is that all nonprofits are automatically tax-exempt. We have outlined in other posts the difference between nonprofit corporations and tax-exempt organizations.Many nonprofits are organized as both a nonprofit corporation and a tax-exempt entity. In short, nonprofit status refers to state-law status; tax-exempt status refers to state and federal tax exemption under tax DONOR ACKNOWLEDGMENT LETTERS What is a donor acknowledgment letter? A donor acknowledgment letter is more than just a "thank you" letter. Nonprofits have certain requirements to follow -- including providing donors with a donation "receipt" -- often called an acknowledgment letter. Learn what needs to be included in this letter. NONPROFIT CONFLICT OF INTEREST & POLICIES TO HELP A conflict of interest most commonly arises when a person in a position of authority over an organization (like a board member or officer) could benefit financially from a decision he or she makes in his or her role as a board member of the nonprofit. Conflicts of interest can arise in many situations, including leasing property or buying services from a board member. WHAT TO CONSIDER BEFORE STARTING A NEW WHAT IS A SOCIAL ENTERPRISE? L3C, BENEFIT CORPORATIONS, B-CORP Social entrepreneurship is a rapidly emerging field in which nonprofit and business leaders develop mission-driven enterprises. Social enterprise deals with creating and leading organizations that advance social change through innovative solutions. CAN THE EXECUTIVE DIRECTOR SERVE ON THE BOARD OF DIRECTORS?SEE MORE ON

CULLINANELAW.COM

NON PROFIT CHECKLIST Risk management for nonprofits involves more than just buying liability insurance and hoping for the best. A sound approach to risk management requires nonprofit managers and board members to make identifying, assessing, and preventing risks a priority for the

organization.

NONPROFIT INTELLECTUAL PROPERTY TRADEMARK COPYRIGHTS Mollie Cullinane is an attorney who works with nonprofits and social enterprises, from emerging local charities, professional athletes' foundations, and international organizations. READY TO START A NEW BOOSTER CLUB? Most small booster clubs (with projected annual revenues of less than $50,000) opt to form their clubs on their own. We hope our free articles are helpful to you and your club. WHAT TO CONSIDER BEFORE STARTING A NEW Starting a new nonprofit organization can be fulfilling experience as you work to address pressing issues affecting your community. We know that there are many questions in the formation stages of a new

nonprofit.

WHO OWNS A NONPROFIT? NO ONE! Mollie Cullinane is an attorney who works with nonprofits and social enterprises, from emerging local charities, professional athletes' foundations, and international organizations. HELP WITH IRS FORM 990 While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990.The IRS Form 990 allows the IRS and the general public to evaluate a nonprofit’s operations; it includes information on the nonprofit’s mission, programs, and finances. WHAT ARE THE DUTIES OF NONPROFIT DIRECTORS? Reliance on certain information prepared by others.In some cases, a director may rely on information prepared by others. If the director is acting in good faith and with ordinary care, the director may rely on reports, financial statements, and information prepared by another director or by an employee, a board committee, legal counsel, accountants, or other professionals hired. HOW TO CHANGE YOUR NONPROFIT MISSION STATEMENT. Mollie Cullinane is an attorney who works with nonprofits and social enterprises, from emerging local charities, professional athletes' foundations, and international organizations. DO NONPROFITS FILE TAX RETURNS? WHAT IS A 990? Do nonprofits file tax returns? Most tax-exempt organizations are required to file annual tax returns with the IRS. Even though most tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an informational return with the IRS. This annual reporting return is called a Form 990. What is the IRS Form 990? HOW DO I START A PTO Mollie Cullinane is an attorney who works with nonprofits and social enterprises, from emerging local charities, professional athletes' foundations, and international organizations.

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Cullinane Law Group | Legal Counsel for Nonprofits + Associations |

Austin Texas

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Legal Counsel for Nonprofits Call us today to get legal help. START-UP – NEW ORGANIZATIONS We help clients form new nonprofits and tax-exempt organizations - charities, foundations, ...

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FOUNDATIONS + CORPORATE PHILANTHROPY We support private foundations and corporate foundations so that you can leave a permanent legacy in ...

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What to Consider Before Starting a Nonprofit Who Owns a Nonprofit? What are the Duties of Nonprofit Directors? Can the Executive Director Serve on the Board of Directors? Difference Between Nonprofit & Tax-Exempt Organization Does a Nonprofit File Tax Returns? What is a 990? What is a Social Enterprise?

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