Unrelated Business Income (UBI) and Unrelated Business Income Tax (UBIT)

Angora Legal Services

Published on: 23/04/2025

Nonprofit organizations often engage in various activities to generate revenue to support their missions. However, when these activities are not substantially related to their primary tax-exempt purposes, the income generated is classified as Unrelated Business Income (UBI). UBI is important for nonprofits to understand because it can have significant tax implications.

Nonprofit

Private Inurement in Nonprofit Organizations

Angora Legal Services

Published on: 22/04/2025

Nonprofit organizations are established to serve the public, engage in charitable activities, and address specific social issues. However, they must adhere to certain legal and ethical standards while conducting their operations. One of these critical regulations is the prohibition of "private inurement."

Nonprofit

Basics Of Nonprofit Boards

Angora Legal Services

Published on: 13/03/2025

Learn the key roles, legal duties, and best practices of nonprofit boards to ensure effective governance and long-term success for your organization.

Nonprofit