Financial Management
Using a fiscal sponsorship arrangement offers a way for a cause to attract donors even when it is not yet recognized as tax-exempt under Internal Revenue Code Section 501(c)(3).
There are many ways to make in impact in your community and starting a nonprofit is just one.
“Internal controls” are financial management practices that are systematically used to prevent misuse and misappropriation of assets, such as occur through theft or embezzlement.
Loss of tax-exempt status could have disastrous consequences for your charitable nonprofit.
As tax-exempt “public charities," charitable nonprofits embrace the values of accountability and transparency as a matter of ethical leadership, as well as legal compliance.
