Loss of tax-exempt status can have disastrous consequences. Every nonprofit leader should be familiar with situations that put a charitable nonprofit’s tax-exemption in jeopardy.
Grants.gov is a government website where federal agencies post information about direct federal grants opportunities, referred to as "Funding Opportunity Announcements" or "Request for Proposals."
A strategic planning process identifies how a nonprofit can best advance its mission. Part of the process is to commit to measurable goals and revisit the strategy on an ongoing basis.
Nonprofits need to know whether revenue from corporate sponsorships will be considered a charitable contribution or a taxable advertising payment which could trigger unrelated business income taxes.
