Many not-for-profit (NFP) organizations are founded with a specific desire to be separate and distinct from for-profit businesses. For many founders, the NFP’s mission matters more than the bottom ...
Many not-for-profit organizations dread the unrelated business income tax (UBIT) because it can be a challenge to sort out when a not-for-profit’s activities are subject to the tax and when they are ...
No one is more mission-driven than individuals who lead and manage not-for-profit organizations. But did you know not-for-profit accounting practices need to be equally mission-driven? Unlike ...
The COVID-19 pandemic officially came to an end more than a year ago, yet its impact continues to reverberate through charities and other donor-dependent organizations. These entities face challenges ...
OpenAI, the company that develops ChatGPT, has decided to cancel its plans to transform the organization into a for-profit company. Instead, the non-profit organization that founded OpenAI will ...
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OpenAI backs off push to become for-profit company
OpenAI announced on Monday that the artificial intelligence (AI) giant is scuttling its plan to move the company away from a nonprofit structure to becoming a for-profit company. The ChatGPT-maker ...
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