The Tax Act was passed in December 2017 and had a large impact on the nonprofit sector. The most notable impact was a change to the standard deduction, which impacted both individuals donating to nonprofits and nonprofits receiving funds. Read on to discover how the New Tax Act impacts your nonprofit.
One of the most important and sometimes challenging steps of starting a nonprofit is choosing a name. Nonprofit tax expert Philip Hackney answers questions about choosing a legal form for your organization. Read more to learn how to protect your name, and your organization.
The leading recipient of charitable donations is churches. However, the contributions spread out widely across all different types of nonprofits. Learn more about where your charitable donations are going.
A majority of a nonprofit's profit comes from fees for services and goods. Read more to learn about the 6 other facets where money comes in.
New Orleans is a city full of culture, passion, and compassion. Whether it be students mingling with locals during Mardi Gras or grandparents dancing with toddlers to jazz music, there is so much love. GiveNOLA Day, hosted by the Greater New Orleans Foundation is a day dedicated to just that-- compassion. On May 1, anyone will have the opportunity to donate online to any New Orleans nonprofit organizations. In past years, GiveNOLA Day has raised around $5 million!
Amite resident Erin Wheeler saw a problem with the after-school program offerings in her small, eastern Louisiana town. She and her peers felt that the local schools' after-school programming was subpar to nonexistent, particularly in the areas of leadership, college preparation, and STEM. While STEM (Science, Technology, Engineering, and Math) is an industry that is in high demand in the workforce, STEM seems to be of low interest for many students. This is because many schools are not given the resources or time to teach STEM subjects in a fun and interesting way that gets the kids involved and excited to learn.
Todd spent 6 years teaching science and math in New Orleans public and charter schools, and quickly realized how little equipment his schools had, which made it nearly impossible to provide students with quality learning opportunities in STEM. He knew something had to be done and he was the one to do it. So, he left the classroom and decided to launch STEM Library Lab. This nonprofit lends science equipment to New Orleans schools so that they can access tools they need to get students involved and interested in science. According to CNN, STEM jobs are growing at rate of 1.6% compared to non-STEM jobs. However, United States public schools are not producing enough students either interested or qualified STEM students to fill these job spots.
Home to the faces of 4 American presidents on Mt. Rushmore, South Dakota has a lot to offer the nonprofit sphere. This extensive land is covered by 1.2 million acres of the Black Hills National Forest, which is considered a nonprofit organization (blackhillsbadlands.com). With around 14 million visitors per year, South Dakota is a great place for nonprofits to thrive (travelsouthdakota.com).
Home to our two favorite brothers, Ben and Jerry and over 4,000 nonprofit organizations, Vermont is a great place to start your nonprofit. Vermont keeps things simple and provides online incorporation services. As is the case with all nonprofits, you must file for incorporation at a state level and file for 501(c)(3) status at a federal level. We’ll focus on the important first step of getting started as a nonprofit corporation in Vermont. We’ve broken the process into 3 easy steps.
Washington D.C., as home to the American government, has a lot going on. Did you know that all the roads in D.C. lead to the capitol building. And, while their street names are named after letters, because they were named before the letter J was invented, there is not J street. As far as nonprofits go, according to Independent Sector’s State Profile, Washington D.C. has more than 12,000 nonprofits within the district. Nonprofit sectors create tremendous community and economic advantages in the United States. To learn how to start your own D.C. nonprofit, just follow these three easy steps.