The short answer is: it depends. Generally, the question of payment is spelled out in the nonprofit’s bylaws by the individuals who form the organization. Nonprofit organizations are formed to help serve the public good. Any profits the organization makes go back into the coffers to continue … [Read more...] about In Chicago, IL, Do Nonprofit Board Members get paid?
Is one of your New Year’s Resolutions is to start a nonprofit organization? Maybe you have an idea, or see a need that isn’t being fulfilled in your community. The US has the most advanced system in the world for starting a nonprofit. You may be familiar with the well-known “tax-free status,” … [Read more...] about Why Hire A Glenview Nonprofit Lawyer?
The Illinois budget impasse continues, and since July 1, 2015, our state has been without a complete budget for fiscal years 2016 and 2017. Despite the politics stalemating this issue, nonprofits organizations in Illinois, and especially nonprofits that provide Illinois Social Services, are … [Read more...] about Chicago Nonprofit Attorney: Illinois Social Services and the Budget Impasse
As a nonprofit organization in Illinois, there are many circumstances that can trigger an audit, and so it's important to be prepared for this essential legal process. If your nonprofit organization is required to obtain an audit of its financial records, it's essential to be as accurate and … [Read more...] about Nonprofit Audit Guide for Illinois Organizations
Now that tax season is pretty much over (although audits may be on the rise this year), it's a good moment to reflect on how you handled things last year, and what you can do better for next year's tax season. Like many nonprofit organizations in Illinois, you may have provided advice to your donors … [Read more...] about The Do’s and Dont’s of Advising Your Donors During Tax Season