Tag: nonprofit-organizations
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What is a Fiscal Sponsor?
A fiscal sponsor is a nonprofit organization that provides fiduciary oversight, financial management, and other administrative services to help build the capacity of charitable projects.
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Public-Private Partnerships
There is no single definition of a Public-Private Partnership, often referred to as P3. The Government Accountability Office defines a public-private partnership as “a contractual arrangement that is formed between public and private-sector partners. These arrangements typically involve a government agency contracting with a private partner to renovate, construct, operate, maintain, and/or manage a facility…
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Looking Up Nonprofits in GuideStar
Find nonprofits by entering the orginazation name, keywood or EIN in the search field. With 1.9 million nonprofits, names can be very similar or even exactly the same. Of course, it would be best to search by EIN, the organization’s Employer Identification Number. For example, searching for “food bank” gives 16,662 results! Searching for “45-2404503”…
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Statista Research
Published by Statista Research Department, February 13, 2024 In 2022, the majority of nonprofit organizations in the U.S. were registered with the IRS under the 501(c)(3) tax exemption code. Organizations qualified for 501(c)(3) status include religious, charitable, and similar organizations. That year, the total number 501(c)(3) organizations alone reached 1.49 million, while social welfare groups…
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What is GuideStar?
GuideStar, now part of a larger organization called Candid, is a massive online resource that provides information on nonprofit organizations in the United States, and some in Canada. It allows users to research different charities and nonprofits to see things like their mission statement, financial data, and even their nonprofit status which verifies they are…
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Nonprofit Tax Returns are Public Information
I touched on this in a previous newsletter, Responsibilities of a Nonprofit. Nonprofit tax returns are generally public information in the United States. This means that anyone can access and review them, with a few exceptions. Here’s a breakdown: What’s Public: NOTE 1: Organizations making less than $50,000 don’t have to file either form but…
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What is a Nonprofit?
The terms “nonprofit” and “not-for-profit” are often used interchangeably, but there are subtle differences between them, especially in the eyes of the IRS. Here’s a breakdown: Nonprofit: Not-for-profit: In short, both types of organizations don’t distribute profits to individuals, but the key difference lies in their mission and target audience: Foundations: It’s important to note…
