June 23, 2015

Sharing With Others: Benefits of Written Facility Usage Agreements

How can nonprofit organizations best share their facilities with others on a long-term basis?  Many nonprofits allow other organizations to use their space in order to promote like-minded organizations, to help cover the financial expenses associated with building upkeep, and to achieve community outreach goals.  Such arrangements, however, can lead to conflict and expense without the proper foundation of a written facility-use agreement.  Consider the following scenario.

Governance/Property
September 24, 2014

When “Nonprofit” Isn’t Enough for Tax Exemption

Does an organization’s tax-exempt status under 501(c)(3) automatically qualify it for property tax exemption?  According to many state revenue departments, the answer is No!   Recent news stories highlight how states can be rather miserly with their property tax exemptions.  Why?  To begin with, many states face mounting fiscal challenges.  In addition, significant political pressure exists for nonprofits to pay their “fair share” of state taxes since they benefit from the state’s services.  For nonprofits, this combination translates to an increased dual need:  (a) to justify their existen

Property

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