But is it Sustainable?

Hooray! Another Nonprofit 101 question! Is your IRS determination letter enough to not have to pay sales tax? Andy actually knows that one. This week we also find out what to do when a Board Chair won’t stand up to the scary Gala committee, and learn the difference between a sponsorship and a donation. We also discover both Stacey and Andy’s least favorite grant application question!

Topics:
  • Is having a 501(c)3 enough to not have to pay sales tax – [skipto time="0:00"]
  • Our Board Chair won’t stand up to the Gala Committee. Help! – [skipto time="6:23"]
  • What’s the best way to answer “prove this program is sustainable” on a grant application?- [skipto time="14:07"]
  • What’s the difference between a Sponsorship and a Donation?- [skipto time="20:16"]

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Episode Sponsor:

Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution.

100% Conflict of Interest

In this jam-packed episode, we find out whether or not you can switch your nonprofit from a 501(c)4 to a 501(c)3, what constitutes a good conflict of interest policy, and if you can reimburse your board members for expenses. We check in with social media expert Heather Curry Frommer, who gives us tips on what channels to use for new donors, and are absolutely shocked to discover that both Stacey and Andy have totally different issues with time management.

Topics:
  • Switch from a 501(c)4 to a 501(c)3
  • A good conflict of interest policy
  • Reimbursing board members for expenses
  • Social Media channels for new donors with Heather Curry Frommer
  • Managing a never-ending to do list