Everyone Gets a Texas Benefit Corporation!

No one is talking about this, but Texas recently passed a bill allowing for-profit corporations to elect a benefit corporation status. This is “uuuuugee.” For years, legislation has gone up to the Texas Legislature and gone the way of Beanie Babies. But not this time! I haven’t had a chance to digest everything entirely, but […]

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The 501(c)(4) Change No One’s Talking About

501(c)(4), IRS

Attention all you 501(c)(4)er’s. The IRS announced that those who intend to operate as a 501(c)(4) have to notify them of its intention via an electronic Form 8976. Honestly, this has been my face reading through the new Revenue Procedure. How is no one talking about this?! It fundamentally shifts what, up until now, has […]

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Now You Can Consider Mission AND Profit In Foundation Investments

Back from vacation and finally catching up. While I was gone, the IRS got all “one small step for man, one giant leap for mankind” on us. Well not a giant leap. Or even a leap. More like a “significant shuffle.” But they did publish a catch up with the rest of the investment world, […]

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IRS Form 1023: Upcoming Changes and Getting Stuck on The Narrative

I was in the process of drafting this post and got a nifty reminder from the IRS about Form  1023″s upcoming makeover. One that I think alot of people are going to be excited about. For those who haven”t heard, the IRS has begun developing a new interactive Form 1023.  Information boxes will pop up […]

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Nonprofit Data Collection and Use: Could This Become A Legal Obligation One Day?

Like me, you all have probably noticed a big increase in the number of conversations on data measurement, collection and use by nonprofits. Personally, the more I’ve read about it  the more I start to wonder if we’ll see these conversations hop over from the best practice side onto the legal side. I say this […]

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