Board Effect
MAY 18, 2023
The IRS establishes the different types of 501(c)(3) organizations and determines the rules and laws for operating them depending on their classifications. As straightforward as that sounds, nonprofit boards must be aware of the rules and restrictions that govern nonprofits to continue operating legally.
Steve Blank
DECEMBER 11, 2023
Meanwhile the biggest and fastest scientific computer companies were in Minnesota. Applicants were told that ERA was doing electronics work for government and industry. Warlock was so large that it was kept at the ERA factory and operated as a remote operations center. Minneapolis/St. Paul was the place to be.
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Board Effect
JULY 1, 2020
Consultants Doug Wallace and John Pekel from the Twin Cities in Minnesota say that business ethics are critical in times of fundamental change such as we are in now. A company’s mission, vision, and values form a credo that describes the highest set of values that a company operates under. A formal code of ethics is a little different.
Startup Lessons Learned
AUGUST 20, 2020
Minneapolis, Minnesota: Cars line up at a drive-thru food pantry. After all, in order for this all to work it would require the generous donations of philanthropists and (ideally) the support of government programs down the line. We could not have done this without you all!
Board Effect
SEPTEMBER 16, 2019
While section (c)(3) is the most common type of nonprofit, the government has additional classifications for nonprofit organizations under Section 501(c)(1)-501(c)(29). Nonprofit organizations fall into three categories — public charities, private foundations and private operating foundations. Fill out Form 1023 or 1023-EZ.
Austin Startup
NOVEMBER 27, 2017
The City of Austin operates as a council-manager form of government, where City Council sets the policy and budget and the City Manager implements both. The Board hires the CEO — or City Manager, in this case — who’s in charge of carrying out the day-to-day administrative operations for the entire organization.
ReadWriteStart
MAY 24, 2012
The Minnesota-based VC firm has raised $45 million in funds it plans to use to back startups that give low-income consumers somewhere to go for financial services other than the local check-cashing shop. “We We operate as a ‘double-bottom line’ fund,” explains Core Innovation managing partner Mike Harris.
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