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.

Look out! A bus!

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!

Topics:
  • Does a transaction fee count as a donation? – 0:00
  • How do you plan for your own succession? – 3:21
  • Which event sponsor should we choose? – 12:25
  • Can a donor specify the recipient? What if the donation is a car? – 18:11
  • How do we maximize a happy hour event? – 23:54
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.