General
The 3 Types of Financial Statements
There are three primary types of financial statements: an income statement, a balance sheet, and a statement of cash flows. Each of these statements is incredibly important to have for your nonprofit and can benefit your organization. Here is a brief overview of the three types of financial statements. Income Statement, or the Profit &…
Read More18 Ways to Overcome a Trademark Application Refusal
The Trademark Application Process Many people mistakenly think that the application process is complete after you submit your trademark application. This could not be farther from the truth! Instead, one of the most important parts of the application process begins after you have submitted your application. This is the part where you have to respond to the examining attorney’s…
Read More3 Things You Need to Start Your Own Nonprofit
Starting a nonprofit doesn’t require everything at once. Many founders feel overwhelmed by paperwork, IRS rules, and compliance details before they even begin. In reality, every nonprofit starts with a short list of core requirements. Before applying for tax-exempt status, fundraising, or launching programs, there are three foundational pieces every nonprofit needs. Once these are…
Read MoreStarting a Nonprofit: Reasons You Should Consider It
Many people think about starting a nonprofit at some point. The idea often comes from seeing a need that is not being met or wanting to create long-term change around an issue that matters personally. For others, the motivation develops after years of volunteering, community work, or professional experience. While passion is usually the starting…
Read More