Can I put family members on my organization’s board?
Yes, however there must always be a majority of “uninterested” individuals on the board. This means unrelated by blood, marriage, adoption, or business, and not receiving compensation for any reason.
Related Articles
What does the Board of Directors do?
The board is the governing body of the organization. In most nonprofits, the board does not participate in the daily operations of the organization. They must approve major organizational decisions, such as budget, salaries, amending articles or ...
Ways To Lose Tax-Exempt Status
There are many ways an organization can lose tax-exempt status. We’ll expand on the most common methods below. If you have questions about your specific situation, please reach out to one of BryteBridge’s specialists, who guide you with the best ...
Can the organizers of a newly formed 501(C)(3) take a tax deduction for personally paying the organization’s expenses during its first year in operation?
Yes, founders, initial board members, and donors may claim a deduction for contributions made to set up and establish the organization on their individual or corporate tax return once the organization has obtained the 501(C)(3) status. The ...
What types of organizations will qualify for 501(c)(3) tax exemption?
To qualify for 501(c)(3) tax exemption you must be organized and operated exclusively for one or more of the following purposes: Charitable Religious Educational Scientific Literary Testing for public safety To foster national or international ...
What is a 501(c)(3)?
501(C)(3) is an IRS designation identifying tax-exempt organizations. The name comes from the fact that this type of organization is defined under Section 501(c) of Title 26 of the U.S. Code. Receiving 501(C)(3) status requires an organization to ...