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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Source: https://www.coloradoan.com/story/money/business/2023/02/25/fort-collins-n ...