5 Nonprofit Rules To Stay Out of Trouble
Make sure you follow these five critical rules to keep
your 501(c)(3) organization on the safe side of the law!
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5 Nonprofit Rules to Stay out of Trouble
Nonprofit organizations are corporations like any other. They are organized as not-for-profit corporations.
In exchange for being tax-exempt, donations to 501(c)(3) organizations are also tax deductible. With these incredible benefits come some big responsibilities.
You have been entrusted with this special tax status. Don’t ruin it by not following the rules.
You can lose your tax-exempt status, face fees and fines, or worse. Grab this checklist today. It isn’t exhaustive. Talk to your CPA and attorney in your state for a full set of compliance rules, but these 5 are the big ones.
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“The first time I met Sean I was so inspired by his quick thinking and bold ideas that I immediately knew I wanted to work together on a strategy to bring a new type of advocacy model to our organization. Sean helped get my ideas out of my head and into a solid concept paper, and added many terrific ideas of his own that I would never have come up with. He understands how to align strategic priorities with funder values and gave me the confidence to pursue a new set of foundation relationships"
Leigh Phillips, Executive Director, EAR
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"Sean is a dream to work with. He understands governance and development inside and out, with a set of tools that can bring any organization's board work and fundraising to the next level. He is prompt, efficient, and knew exactly how to deliver what we needed. We would work with him again in a heartbeat!"
Jack Beck, Executive Director TurnOUT
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Sean's depth and breadth of knowledge and understanding of nonprofits coupled with his ability to communicate concepts clearly made for a dynamic and information filled hour. I really loved Sean's perspective on empowering the executive director and building collaboration with the board. In my experience, this eliminates the vast majority of strife and inefficiency within a non-profit. Well worth my time and I look forward to more.
BA, ED, Head Coach and Organizer - Moving Forward Wellness Coaching
Sean M. Kosofsky, MPA
Hi, I’m Sean, the "Nonprofit Fixer!"
I’m a coach, consultant, trainer, and strategic advisor. For the past 30+ years, I’ve helped causes, campaigns, and candidates raise millions of dollars and transformed nonprofit organizations and leaders. I’ve served in a wide variety of roles in nonprofits, including policy, communications, development, grassroots organizing, direct service, board leadership, and five stints as an executive director. I’ve worked on a wide range of issues including LGBTQ equality, reproductive justice, voting access, bullying prevention, climate change, and more.
You can see my work covered in media outlets internationally and I’ve received numerous awards and recognitions from the sector, the City of Detroit and the State of Michigan. I collaborate with leading nonprofit names like AFP, Candid, United Way, Idealware, Bloomerang, TechSoup, Wild Apricot, Funding for Good, Pamela Grow, and more. I own Mind the Gap Consulting, which offers coaching and consulting services for executive directors, boards, and fundraisers, as well as a suite of online training courses. I am a proud Detroit native but live with my husband and dog in New York City.
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