You think your nonprofit is a mess? Wait until you hear this question — while it masquerades as a technical query about verbal resignations and bylaws, it gets weird fast! Also this week, Stacey and Andy share some thoughts about fundraising in a different state than the one you’re incorporated in, and we find out whether or not you are allowed to raise money before you actually get your determination letter back from the IRS.
Why, oh why, do you hate galas so much? After 72 episodes of dropping unsubtle hints, Andy and Stacey finally got someone to ask the question they’ve been dying to answer. As you can imagine, they have opinions. Also, a complicated conflict of interest question turns out to have a pretty straightforward answer, and Stacey has some thoughts on how to say “no” to new program ideas.
Today’s episode is sponsored by the HR Collaborative. The HR Collaborative was formed to help build nonprofit strengths through improved human resources. It provides professional development opportunities, networking and sharing of best practices on HR issues faced by nonprofit organizations. The Collaborative meets bi-monthly. Membership is free and open to anyone who works for a nonprofit and has HR responsibilities. For more information or to attend an upcoming meeting, visit their website at www.hrcollaborativelv.org.
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!
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Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution.
Does a transaction fee count as a donation? How do you plan for your own succession? Do we start a bidding war with event sponsors? Can a donor specify a specific recipient? How do we maximize a happy hour event? Stacey and Andy answer all these questions and more!
Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution.
