RstephensonJR's blog

Nonprofit Myths: #11 - Taking Gifts Back

MYTH: If I give a building, vehicle, computer, book I wrote, or whatever to the nonprofit and later close the nonprofit, I can just change the copyright, deed, or title back into my name again, or take the property back.

Nonprofit Myths: #10 - Using the Nonprofit's Revenue?

MYTH: I can use the money for my nonprofit for anything I want.

Nonprofit Myths: #9 - How Big Should a Board Be?

MYTH: I need a huge board of directors (or I don’t need a board at all, just me).

Nonprofit Myths: #8 - File Taxes?

MYTH: I didn’t apply to IRS for 501(c) (3) tax-exempt status, so I don’t have to file Federal annual nonprofit tax returns.

Nonprofit Myths: #7 - Family Members on the Board

MYTH: For my new nonprofit, I will put all family members on the board of directors, and we will control the organization.

Nonprofit Myths: #6 - No Profit for Nonprofits?

MYTH: Nonprofits are not allowed to make a profit from their activities.

Nonprofit Myths: #5 - Change to Nonprofit?

MYTH: I am going to convert my for-profit business to a nonprofit business.

Nonprofit Myths: #4 - Overhead

MYTH: If we’re running our nonprofit efficiently, our overhead and administrative costs should be small.

Nonprofit Myths: #3 - Public Charities

MYTH: I am starting a foundation to give out school supplies to kids who cannot afford them. I can’t wait to see their little faces when I give them new backpacks and markers!

Nonprofit Myths: #2 - Salaries

MYTH: I am going to be president of my nonprofit and make $100,000 a year!

Pages

You're welcome to link to these pages and to direct people to our website.
If you'd like to use this copyrighted material in some other way,
please contact us for permission: info@tgci.com. We love to hear from you!

SIGN UP NOW!

A follow-up study of 385 of our graduates found documented that they won grants totaling over $21 million within just six months of completing the 5-day Grantsmanship Training Program^®. Our training produces results!

You are here

RstephensonJR's blog

Pages