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.
Capacity building is about a nonprofit’s ability to deliver on its mission effectively now and in the future. Capacity building is an investment in the effectiveness and sustainability of a nonprofit.
It can be shocking and discouraging to learn that a nonprofit’s tax-exempt status has been revoked. Consider these immediate steps before rolling up your sleeves to re-apply for tax-exemption.