The definition of an independent voting member of the Board of Directors for Form 990 purposes includes four criteria that must be met for independence:
If your organization does not rely fully on earned income or government grants or contracts, it most likely is involved in raising funds from individuals, foundations, and/or for-profit corporation
An endowment refers to a fund or funds that are generally kept permanently. Their interest income provides for the overall operations of the organization.
Both federal and state government agencies impose filing requirements on nonprofits. It's important to be aware of all filing requirements and the associated due dates.
The Office of Management and Budget (OMB) updated and revised guidance for federal financial assistance, including revisions to 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and
