While formed specifically for philanthropic purposes, non-profit organizations are businesses none the less and they must be run as such. However, many of these rely on volunteers or directors, who may not have the requisite experience needed, to oversee the business operations.
The organization must have the appropriate fiscal and governance infrastructure in place to not only maintain its tax-exempt status, but to also fulfill its fiduciary obligation to be good stewards of donated funds. Fidem provides this expertise.