Jacob Ferrari

Just Mercy: A Story of Justice and Redemption by Bryan Stevenson A Review

“The opposite of poverty is not wealth. It is justice.” –Bryan Stevenson It’s been a long time since a book has broken me and left me humbled to the point of tears, but attorney Bryan Stevenson’s first-hand critical look at the justice system in the South and beyond did just that. Just Mercy: A Story …

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The OMWBE: The Office of Minority and Women’s Business Enterprises

Is your company women- or minority-owned? If so, is your company certified with the Office of Minority and Women’s Business Enterprises? If you have never heard of that office or don’t know what it does, this post is here to help!             The OMWBE is a little-known office that focuses on empowering and incentivizing businesses …

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Earned Income Strategies (Part 5 of 5): Putting It All Together (Strategically Using Strategies)

For the final blog post in this series, we will run through a case study of a hypothetical nonprofit to see how each one of these strategies can be used and how each can interact with the other.             The Doing Good Foundation is a Washington nonprofit 501(c)(3) organization. The Doing Good Foundation’s mission is …

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Earned Income Strategies (Part 4 of 5) Unrelated Business Activity (A Cost to Make a Difference)

Besides conducting related business activity and earning income through passive strategies, nonprofits can simply earn income through unrelated business activity. Unrelated business activity is exactly what it sounds like: activity a nonprofit conducts that has nothing to do with its charitable purposes. More accurately unrelated business income is  income generated from activity that is: A …

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Worship Post-COVID: Application of the Religious Services Exemption

The advent of COVID-19 has had long ranging effects on all aspects of life, but as the light of the very long tunnel comes into sight, all of us are beginning to wonder what life after COVID will be like. A prime example of organizations needing to adapt in this environment is the way in …

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Earned Income Strategies (Part 3 of 5): Passive Income Activity (Let Money Work for the Cause)

The next option for earning income that every nonprofit should know about is income exempt from unrelated business income tax. While there are quite a few exceptions, the key exception that we will talk about in this post is passive income: income derived from dividends, rental income, royalties, or capital gains.             Generally, all income …

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Earned Income Strategies (Part 2 of 5): Related Business Activity (Doing Good by Doing Business)

Contrary to popular belief, a nonprofit can (and maybe even should) make a profit from its business activities. Depending on what the activity is, a nonprofit 501(c)(3) organization may not have to pay taxes on any profit it makes, such as activities that are related to its charitable purposes.             We define related business activity …

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Earned Income Strategies (Part 1 of 5): How For-Profit Strategies Can Help Nonprofit Corporations

It’s no secret that charitable resources are limited and hard to come by for small nonprofit organizations. Many foundations and grant making entities, in fact, advise nonprofits to develop long term funding plans that utilize the for-profit sector and investment strategies to counteract this issue. Therefore, it is advisable, if not economically necessary, for nonprofits …

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Coronavirus and the Law: Is there a Legal Duty to Prevent Harm during a Pandemic?

It’s no doubt that the novel coronavirus (COVID-19) has introduced a high level of panic for local businesses, especially with many big companies facing large-scale work force consequences due to the presences of the disease. Many smaller companies might ask: what responsibility do I have? Are there any legal liabilities if COVID-19 spreads throughout their …

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Newman’s Own Law

Fun Fact: Did you know that one of the largest food product distributors in the world is also owned by a 501(c)(3) tax exempt organization? The Newman’s Own Foundation (a private foundation) owns 100% of No Limit LLC, the producer and distributor of the Newman’s Own brand of food products (think the salad dressings). But …

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