Most people are familiar with the terms nonprofits, not-for-profits, and for-profits—but do you know how each type of organization operates? While their differences may seem straightforward, each ...

Many not-for-profit organizations dread the unrelated business income tax (UBIT) because it can be a challenge to sort out when a not-for-profit’s activities are subject to the tax and when they are ...

Nonprofit organizations—like the Holdfast Collective, Workers United, and GiveDirectly—showed in 2023 that they can be as innovative as any for-profit company. This year’s honorees in the ...

Forbes contributors publish independent expert analyses and insights. I share insights from the intersection of education and industry. Nonprofit or for-profit? In education, we need to embrace the ...

Nonprofits use earnings to further missions, not individual gains; they enjoy federal tax exemptions. The IRS categorizes multiple nonprofit types under 501(c), with 501(c)(3) being the most common.

Service on a not-for-profit board can be a career-changer that broadens professional and personal vistas for CPAs. A board seat presents an opportunity to expand personal networks, develop leadership ...

“The true measure of a society is how it treats its most vulnerable.” You’ve likely heard this quote before. Its origins are debated, often attributed to Gandhi or other moral thinkers, but the spirit ...

No one is more mission-driven than individuals who lead and manage not-for-profit organizations. But did you know not-for-profit accounting practices need to be equally mission-driven? Unlike ...

SHARE REMARKS AS PART OF A SHORT PROGRAM. WELL, EACH FALL, OUR COMMUNITY JOINS TOGETHER TO SUPPORT LOCAL NONPROFITS AND OTHER GROUPS DOING SO MUCH GOOD WORK. THAT’S RIGHT. GIVE FOR GOOD. LOUISVILLE IS ...

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