There is no exercise better for the heart than reaching down and lifting people up.
Nonprofit status issued by the IRS through code 501(c)(3) is intended to provide programs and services that serve the general public. Business associations, clubs and political groups may hold nonprofit status through other IRS codes.
The IRS definition of 501(c)(3) status dictates an organization holding this status must operate as a “public benefit corporation”. In practice this means your nonprofit is a business but its purpose is that of charity and goodwill. In brief, a nonprofit subscribes to these basic principles.
- Operates in the public interest
- Maintains transparent stewardship of funds it receives
- Complies with Generally Accepted Accounting Principles (GAAP)
- Maintains an active and competent Board of Directors
- Utilizes best practices in hiring, training and management of staff and volunteers
- Creates and evaluates long term plans
- Regularly monitors programs and services to ensure delivery and evaluation meet client needs
- Engages with other nonprofits to create a strong network that builds organizational efficiency and relevance
We are here to assist you in meeting these requirements and becoming the most effective and efficient organization you can be.