RALEIGH – MemberHub, a Raleigh-headquartered developer of software for community-based nonprofits that enables them to engage supporters and solicit and receive donations online, has raised more than $3.25 million, and plans to launch a new product in 2022 with the capital infusion. The company had raised funding previously, said Will...
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Researchers have compiled state-level reports on nonprofit organizations from 43 states, and the overall picture is clear: the pandemic presents an unprecedented crisis for nonprofit organizations in the United States.
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A recent study from North Carolina State University finds that the tool most often used to assess the efficiency of nonprofit organizations isn’t just inaccurate – it can actually be negatively correlated with efficiency.
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There are many opportunities to serve on the board of a nonprofit corporation, whether a public charity, private foundation, home-owner association, trade association, or church. Before joining a nonprofit board, however, you should consider the liability protections you can expect under the North Carolina Nonprofit Corporation Act, the nonprofit...
Read MoreEditor’s Note: Adam M. Beaudoin is a member of the Business and Community Associations Practice Groups of Ward and Smith, P.A. Although a nonprofit corporation does not have to file an annual report, its members do have statutory inspection rights similar to those of the shareholders of a business corporation. Rarely, however, do members or the board of directors understand exactly what corporate documents the members are entitled to inspect or the limitations accompanying such inspection rights. Unqualified Inspection Rights for Members of Nonprofit Corporations The North Carolina Nonprofit Corporation Act (“Act”) requires nonprofit corporations to make certain documents...
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