Dear FLIA Community,
I hope this message finds you as safe and peaceful as possible. This is an unprecedented period of uncertainty – with this in mind, we want to update you on FLIA’s summer fellowship. In light of the constantly evolving COVID-19 pandemic, we have decided to pause accepting applications for the program for three weeks, until April 15. During this time, we will continue to monitor the developments and guidelines from the Center for Disease Control, World Health Organization, and state and local governments to make an informed decision regarding our summer programs.
Our highest priority is the safety of our fellows and our community. We aim to provide a strong fellowship experience for partners and fellows; however, with the current status of the pandemic and the information we have now, it is unclear whether or not we can safely provide our fellowship experience this summer. At FLIA, we try to make the application and interview process as communicative and supportive as possible. We want to ensure those who have applied that your applications are still valid, and we will share an update with the entire FLIA community on April 16.
If you have questions, please email me at Kirsten@futureleadersinaction.org.
Sincerely,
Kirsten
Executive Director
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Nonprofit Terms You Need to Know
In order to be a nonprofit, one must be a tax-exempt organization that is defined in different sections of tax-code. At the core of these different tax-exempt codes, the organizations cannot pay out profits to any private shareholder or individual. Nonprofits can pay individuals reasonable compensation to those providing services, such as employees. A common misperception is that nonprofits cannot have a positive revenue. In fact, nonprofits should try to have a reserve fund to help ensure sustainability.