Volunteer board members are not held liable
I just learned (through TheRoysReoprt) that volunteer nonprofit board members are frequently immune from any liabilities facing the nonporift. Compensated board members may not have that same protection. That’s one of the reasons why many nonprofit experts discourage paying board…
Can homeschool groups benefit from being a Private Membership Association (PMA)?
I have had several homeschool leaders contact me in the past few weeks asking about Private Membership Associations (PMAs). I had not heard that term before so I did some research. I learned that PMAs are businesses or nonprofit organizations…
Political restrictions on 501c3 status. Should homeschool group not get 501c3 status?
Do you have an article on the pros and cons of tax exemption? I’m thinking we would like to just incorporate with the state and not apply for tax exemption. I don’t like the restrictions on endorsements for tax exemption.-Gretchen…
My homeschool group wants to be a 508 PMA not a 501c3. Can you help?
Hi, we are creating a homeschool pod. I was wondering if you think 501c3 or 508 is better for us. We would like to be a PMA. Hello, I am interested in a conference call. We are looking at getting…
Does a homeschool group need a business license?
I recently just purchased business contents insurance for my nonprofit homeschool organization and the agent asked if we have a license to do business in Pennsylvania? This isn’t something that I had come across in research I wasn’t sure if…
Homeschool Groups: Prepare for new 1099-K reports if you use Paypal, Stripe, Venmo, etc.
***UPDATE December 23, 2022****The IRS has delayed implementation of the reduced threshold of $600 for third party payment processors to send Form 1099-Ks to payees. “The IRS and Treasury heard a number of concerns regarding the timeline of implementation of…
Maintaining your tax exempt: IRS virtual workshop
I’ve attended lots of training by the IRS for nonprofit and tax exempt organizations. They are usually informative, but a little dull. The IRS training modules (videos, virtual workshops, live and virtual conferences, and lots of documents) apply to all…