501(c)(3) nonprofits are charitable organizations that operate in the public interest and have been granted tax-exempt status from the federal government. 501(c)(3)s do not pay federal income tax and people who contribute to these organizations can often receive deductions on their federal income tax.
If you’re interested in starting a nonprofit organization, check out the National Council on Foundations how-to advice.
CLASSIC ARTICLE - Many nonprofit groups assume that because their cause is noble, their employees should be willing to work for little money. But without the ability to attract and retain good workers, any enterprise is doomed to failure.
CLASSIC ARTICLE - Salary surveys are a window on the job market. They show what other employers are paying their personnel, and indicate whether your own wage levels are competitive. Here's a nuts-and-bolts guide to designing a salary survey for your own agency.
CLASSIC ARTICLE - Figuring out what to pay an organization's top executive is one of the biggest challenges facing any board of directors. The National Center for Nonprofit Boards offers some guidelines for carrying out the process.
CLASSIC ARTICLE - Donated labor often accounts for a significant portion of the in-kind match used to secure a grant. Here's how to calculate its dollar value.
