IRS rules relating to nonprofits

Nonprofit Credit Card Processing and a Line of Credit Go Hand in Hand

In nonprofits, smart planning and good leadership go hand in hand. When leading your nonprofit organization, you should know that nonprofit credit card processing and a line of credit also go hand in hand. The Basics of Nonprofit Credit Card Processing There is a general misconception that nonprofit organizations have it easy. You print up […]

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Why Banks Will Not Loan to Nonprofits

You could spend all day asking why banks will not loan to nonprofits. Nevertheless, a better question would be how you can get a nonprofit loan anyway. In the nonprofit world, asking the right questions can make all the difference. You need to know why banks will not loan to nonprofits, how funding cuts may […]

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Can a Nonprofit Organization Write Off Interest Payments on a Loan

They say that to know your own story, you must write it yourself. If you are doing your own taxes, you must know can a nonprofit organization write off interest payments on a loan. Although nonprofit organizations are tax exempt, there are still issues with the IRS that you must contend with in order to […]

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If Your Nonprofit Files a 990 You Can Get a Line of Credit

Many people believe nonprofits have it easy. A volunteer workforce, government funding and not having to pay taxes seems like a dream come true. The truth, of course, is that you do have to pay your employees, funding is scarce and it’s necessary that your nonprofit files a 990 with the IRS. While there are […]

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Can a Nonprofit Write Off Interest or Fees

Question: What do you get when you cross an executive director, community outreach coordinator and a cook? Answer: The CEO at the average nonprofit organization. Yes, when you run a nonprofit, you must wear many hats. You are expected to know everything from the demographics of the community you work in to how can your […]

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Funding Sources for Nonprofits

There are many sources of motivation for the nonprofit business owner. Building better communities, helping those in need, and saving the planet can be strong driving forces. When it comes to funding sources for nonprofits, the options aren’t so abundant. The difficulties for nonprofits often fall into one of three categories: a halfhearted mission, the […]

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How a Nonprofit Fundraising Campaign Can Be Financed to Start Programs Early

You have started a nonprofit fundraising campaign and are all excited about the programs you will administer and the wonderful work that will be done with the money you raise. Then, reality sets in as you realize you don’t actually have the money yet. Thankfully, there is a way that your campaign can be financed […]

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IRS Rules Relating to Nonprofits Members, Owners and Sponsors Not Being Allowed to Loan Money

Many nonprofit organizations might think that it would be logical to get a loan from a board member or a family member instead of going to a bank. Maybe your 501c3 has a board member that also works for a bank and you think it would be simple to get a loan there. However, there […]

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