The 501c3 Firm

11/18/2022

https://youtu.be/w2hWR9id-BY

Contact The 501c3 Firm 281.682.5008 for assistance

If you’re planning to start a 501(c)(3) nonprofit, this video is going to answer all your queries. Changing the world is never easy, it takes courage, determ...

05/19/2020

Please read this article about one of The 501c3 Firm's nonprofit clients' Kate Callen of Wings Ministries

Today we’d like to introduce you to Kate Callan. Thanks for sharing your story with us Kate. So, let’s start at the beginning and we can move on from there. Back in October of 2012, I was serving as a volunteer chaplain at the Harris County Jail. I was doing church services with the female […]

04/29/2020

https://finance.yahoo.com/amphtml/news/google-makes-meet-video-conferencing-100814820.html

Alphabet Inc's Google on Wednesday said any user will soon be able to host free video conferences on Meet, turning its previously business-only tool into a bigger rival to Zoom and others battling for users during the coronavirus outbreak. Zoom Video Communications Inc , Microsoft Corp's Skype

04/23/2020

https://www.cnn.com/2020/04/21/politics/chuck-schumer-coronavirus-relief-small-business-cnntv/index.html

The Senate passed a roughly $480 billion relief package Tuesday that includes hundreds of billions of dollars in new funding for small businesses hurt by the coronavirus outbreak along with other priorities like money for hospitals and expanded Covid-19 testing.

01/10/2019

This is the time to start preparing paperwork for your Form 990 report. For small organizations that use Form 990 EZ, this form can be done in minutes. Larger organizations may have to do a more exhaustive Form 990. For this, a CPA may be needed. The National Society of Accountants survey found, "The average cost for preparing a 990 Tax Form (tax-exempt organization) is $667." For all nonprofit federal exempt organizations, a 990 is required to be filed by May 15th. Every year, hundreds of organizations have their exempt status revoked due to not submitting Form 990. For help, contact a Certified Public Accountant (CPA) that has experience with nonprofit accounting. Make 2019 a year that your organization thrives.

01/09/2019

In the book "212: The Extra Degree," by Sam Parker and Mac Anderson, it's the extra degree of effort that often separates the good from the great. At 211 degrees, water is hot. At 212 degrees, it boils. It's that extra degree that can power a locomotive or take your life results far beyond your expectations.

By taking ownership of this fundamental principal, focusing on a clearly-defined goal, maintaining an unstoppable attitude, committing to take action, and persevering, you'll see life-altering, positive results. The extra degree is clear - anyone can excel when the effort is applied.

12/25/2018

When the Federal Government shuts down, it impacts our clients that are awaiting approval of their Applicatiins for Federal Exemptions also known as 501(c)(3). These delays prevent grants and donations for nonprofits seeking to advance their missions.

During this vacation season, some of our Country's popular sites will not be open. For a list of impacted agencies, click on the list below:

Here is how key parts of the federal government would be affected by a shutdown.

09/07/2018

Nonprofits put in a lot of time and dollars to obtaining their nonprofit exemption status. Oftentimes, they lose their state and federal tax exemptions because either not knowing how to do timely Form 990's, proper reporting/bookkeeping, or operating outside of their mission. Here's some tips from an article from THEBALANCESMB.COM that lists how nonprofits can to lose their tax exemptions:
https://www.thebalancesmb.com/nonprofit-could-lose-its-tax-exemption-2502261

You jumped through all the hoops to become a tax-exempt, charitable organization. But you could lose that exemption more quickly than you think.

07/28/2018

07/03/2018

This past weekend, over 10K youth came to Houston for a conference and a component involved doing a day community service. I had the opportunity to service with several at a senior citizens apartment complex doing light house cleaning.
The 501c3 Firm's nonprofit clients rely on volunteers and they help save resources that can be redirected for direct impact to those they serve. Here are some benefits that volunteers can experience from volunteering - some relate to improved health.

Wherever it occurs, volunteering exists to help others. But volunteerism’s best-kept secret is this: it’s good for you, too.

06/03/2018

Texas Comptroller Amnesty May 1-June 29. This is the time to get taxes caught up without penalty for State taxes due before January 1, 2018.

texas tax amnesty program