Note: This article was originally posted in June 2009. It has been one of the most read articles we have ever written, averaging nearly 1,000 views per month 2 years after publication. We are re-posting it for those who may have missed it the first time around. The king of the nonprofit world is the [...]
IRS Releases Guidance for Tax Exemption Reinstatement
As you are likely aware, the IRS finally released its long-delayed Nonfiler Revocation List last week. On it were the names of 275,000 nonprofits that had their 501(c) status revoked (see previous post). There has been some confusion and some mistakes, as would be expected with anything that impacts up to 20% of all tax-exempt [...]
275,000 Nonprofits Lose Tax Exempt Status
Well, it’s official. We’ve known this day was coming since the Pension Protection Act was passed into law in almost 5 years ago. On the afternoon of June 8, 2011, the IRS released the initial list of nonprofits that have automatically lost 501(c) tax exemption due to non-filing of Form 990 for 3 consecutive years, [...]
Why People Hate Nonprofit Board Service
Tonight, the stakeholders (parents) of my daughter’s school will be voting to approve the list of new board members to replace those who are rolling off at the end of the school year. I am on the new member list, so I thought I would take this occasion to address board service and why it [...]
10 Business Essentials for Nonprofits
It often seems that when otherwise business-savvy individuals become involved in a nonprofit organization, they set aside all they ever learned in business and proceed to operate their nonprofit as if business rules do not matter. As most soon find out, they matter a lot. In this post, let’s take a look (in no particular [...]
Results From Our Email Survey
Approximately 30,000 people were invited to participate in a survey designed to evaluate topics for online learning through Foundation Group. We asked questions about your level of interest in topics to help your nonprofit succeed. We also asked questions about your specific nonprofit organization. Now you can see how the answers you gave about your nonprofit compare and contrast with [...]
How to Start a Nonprofit
Helping people start nonprofit organizations is one of the most important things we do at Foundation Group. In fact, we have helped over 12,000 organizations get started since 1995. The following is really more of an overview than an exhaustive examination. Why Do You Want to Start a Nonprofit? Before we get into the “how” [...]
Obama Targets Charitable Giving Tax Deduction
In the seemingly never-ending budget battle on Capitol Hill, President Obama and his team are once again targeting the tax-deductibility of charitable donations. Check out the following article, then let us know what you think… http://thehill.com/blogs/on-the-money/domestic-taxes/152027-tax-break-for-charitable-giving-targeted-for-elimination
Thoughts on Nonprofit Leadership Part II
This is installment #2 in our ongoing series on leadership. Our first installment was more of an introduction. In this post, we are going to explore the concept of governance vs. management. Governance and management: For many, these are interchangeable terms. They shouldn’t be. And in far too many nonprofits, the leadership fails to understand [...]
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Randall: Another question. Given the scope of an organizati...
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IRS To Publish Revocations of Tax Exemption
Posted on March 14, 2011 by Greg McRay in Commentary, Education, Managing a Nonprofit
The day some nonprofits have dreaded is coming soon. The IRS announced on February 24, 2011 that it will soon publish the list of 501(c) nonprofit organizations that had their tax exemption automatically revoked for nonfiling of Form 990 information returns. This list, officially called the Nonfiler Revocation List, will be updated monthly once it [...]