Nonprofit Legal Compliance

Nonprofit Legal Compliance

June 23, 2020


“It’s not that IRS-compliance necessity has gone down. It’s just that the state-level compliance has gone up and there’s a number of things that are driving that.” – Greg McRay

In this episode of The Beacon Podcast, Jeff Jowdy is joined by Greg McRay, founder and CEO of the Foundation Group. Greg shares the different types of legal requirements nonprofit organizations must meet and shares:

  • Nonprofit formation trends.
  • Advice for those who would like to start a nonprofit.
  • An explanation of state charity registration requirements and 990 forms.

About our guest

Greg McRay is an IRS-credentialed tax specialist and the founder and CEO of Foundation Group, a Nashville, Tennessee-based compliance services firm for nonprofits. He and his team have worked with nearly 20,000 nonprofits over 23 years, assisting them with services ranging from incorporation to 501(c)(3) status, and from Form 990 preparation to state charity registrations. Through their efforts, Foundation Group helps nonprofit leaders across the country make sense of complicated rules and requirements, reduce risk and grow their organizations.

A frequent writer and presenter, Greg has been a featured CPE expert for Strafford Publishing webinars, as well as having content syndicated on various platforms, including LawForChange.org. His article contributions to Foundation Group’s blog has helped it earn a “Top 75” award for excellence in nonprofit content. Over the course of his 25+ years in the nonprofit space, he has added action to advice by serving on the boards of numerous charitable organizations.

Greg and his family are life-long Nashville-area natives and call Mt. Juliet, Tennessee home.