What every small nonprofit leader should know about keeping their organization in compliance and in good standing. Nonprofit lawyer Ellis Carter teaches us how to do just that.
#015 – Ellis is a nonprofit lawyer. She started the Charity Lawyer Blog to help nonprofits make sense of compliance and legal matters. Her motto is Nonprofit Law Simplified and that’s just what she did in this interview.
She simplified a number of nonprofit legal and compliance requirements that a lot of small groups struggle with.
We talk about compliance requirements around:
-getting your 501c3 started;
-how to register with your state; AND
-what you need to do every year going forward to stay in compliance.
We also talked a good deal about when it makes sense to get a fiscal sponsor.
Be sure to check out her website to access her registration guide, which is summarized by state.
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Resources
Charitable Solicitation Registration by State
Charitable Solicitation and Professional Fundraiser Registration
4 Key Takeaways
#1 Many groups misinterpret registration exemptions;
#2 There are filing requirements for almost all organizations, even if you have no revenue;
#3 Just because you are a nonprofit does not mean you are tax exempt; AND
#4 Small groups that intend on getting government grants, may consider getting a financial sponsor.
Show Notes
**Click the time stamp to jump directly to that point in the episode
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