When most people think of a nonprofit they think of a 501(c)(3) but that's just one side of the nonprofit world. In today's episode, we explore how the IRS defines a nonprofit and ask the question "What is a nonprofit anyway?"
In today's news section, we turn our light to a story out of Colorado involving the nonprofit retail store Ten Thousand Villages. Never heard of them? I like to say they are a nonprofit that has a structure like United Way and a function that is very similar to Goodwill.
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Ten Thousand Villages: https://www.tenthousandvillages.com/
IRS Publication 557: https://www.irs.gov/pub/irs-pdf/p557.pdf
Types of nonprofit organizations (Via Charity Navigator): https://www.charitynavigator.org/donor-basics/giving-101/types-of-nonprofits/?bay=content.view&cpid=1559
Have a Nonprofit Horror Story you want Swim to read on the show? Email me at TheNonprofitInsiderPodcast@gmail.com.
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