This is part 2 in a guest series of posts on Nonprofit financial management from Cindy Lauren of Lauren Associates – non profit consulting.
Part 1: The Basics: Why is there a NonProfit Tax Status?
Your organization is doing good work, and has an important message to offer your community. But do-gooding is not enough for your local governments and tax boards: there are strict rules that must be followed:
Good, basic, logical and common-sensible business behaviors will only help your organization function more smoothly, being aware of some of the pitfalls can keep you out of trouble. Rather than fixing something, arrrggggh, some of potholes can be avoided. A little due diligence never hurt anyone.
Cindy Lauren is the Principal at Lauren Associates – non profit consulting
As well as advising Executives and Boards on all aspects of nonprofit management, the firm specializes in developing fundraising solutions for all sizes of organizations.
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