| #facts | #boardtalk | #rules | #needtoknow |
|---|---|---|---|
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501c3
What is the most common tax status designation for a nonprofit organization?
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FEIN: Federal Employer Identification Number
What is a nonprofit’s version of a social security number?
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Yes, if permissible by state by-laws, but only 2% of nonprofits do this.
Is it legal to pay nonprofit board members to be on boards?
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Donors sometimes indicate exactly how money should be spent and by when.
A nonprofit may have to pay a donor back if all restrictions are not met.
What’s the difference between restricted donations and other donations?
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Over one million
How many nonprofits are in the United States?
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Yes, but not most. 501(c)3 nonprofits cannot participate in partisan activities.
Other nonprofits such as 501(c)4s or 501(c)6s can. But, donations made to these groups are not tax-deductible.
Can nonprofits form political action committees (PACS)?
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They are all the same.
What is the difference between a board of governors, a board of directors, and a board
of trustees? |
These are state laws that require boards to sometimes open board meetings
to any public person.
What are sunshine laws?
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Yes – note Girl Scout Cookies, Consulting Services, Theatre Tickets
Are nonprofits allowed to sell products?
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The Board Chairs abstains if the board has an even number of people or takes
sides if there are an odd number of people.
What is a common way that tie votes are broken on boards?
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No. Only board members vote during board meetings.
If staff members of a nonprofit are present at board meetings, do they vote?
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No. No single person owns a nonprofit. Therefore it is in the founder’s best
interest to have a good relationship with the board and to even join the board.
Does the founder of a nonprofit own that nonprofit?
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Articles of Incorporation
What document must nonprofits file to reserve their names?
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55%.
What percentage of nonprofits requires board members to donate to the organization?
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Taxes levied by the IRS on nonprofits who make decisions that financially
benefit those in positions of influence in a nonprofit.
What are intermediate sanctions?
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6 core values
What are the 6 core values of Public Allies
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