Finding Your Next Funder: How Prospect Research Helps Secure New Major Donors

Connection Cafe

Glancing through it in your car in the parking lot before entering the event, you notice a name you don’t know well (the attendee from the previous scenario) and read that your staff has noted that they are new to town, but had uncovered in a google search that they were a major donor to the arts organizations of their previous town. You won’t always have time to go through prospects files in detail at the office prior to a meeting or an event.

What’s the Risk of Starting a Nonprofit?

NonProfit Hub

In an IRS study of “nonfilers,” around 16 percent of nonprofits that filed their 990s from 2000 to 2005 did not re-file in 2005. This indicates they either fell under the $25,000 filing threshold or ceased operations altogether. A more recent statistic says from the middle of 2010 to the end of 2017, the IRS revoked the tax-exempt recognition of more than 760,000 nonprofit organizations for failing to file Form 990 returns.

A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)

NonProfit Hub

Other examples have included farmers’ markets, newspapers, law groups and art centers. With that being said, it is an option to file as an L3C in one of the above locations then qualify it as a foreign entity for your desired state. You would complete this process in the same way that businesses file across state lines for tax and fee purposes. . Among the benefits, starting an L3C is a very simple filing process—almost identical to that of an LLC.