For the first time since 1979, the IRS has completely overhauled the Form 990 – Return of Organization Exempt From Income Tax. And boy, is it a doozy! This time, they weren’t fooling around. “So what’s new?,” you ask. Literally everything…from the filing requirement thresholds to the information they are seeking…it’s all different.
US Bans Thrift Stores (updated)
Got your attention? Good…because what we’ve got to report on will shock you…and could have a devastating impact on some charities and the families that depend on them. Congress, in a stroke of genius that was too smart by half, passed the Consumer Product Safety Improvement Act in August 2008. It takes affect February 10, [...]
End of Year Reporting (IRS Form 990)
A little less than a month from now (December 31) marks the end of most organizations’ fiscal year. Have you been preparing for your IRS annual reporting requirement? Do you at least know where your records are? Or who has them? (If the answers to the last two questions have you concerned, you might want to see our [...]
Pastors to Defy Ban on Political Endorsement
Mark your calendars! Sunday, September 28, 2008 has been declared “Pulpit Freedom Sunday”. Sponsored by the Alliance Defense Fund, the Pulpit Initiative is a bold, stick-in-the-eye movement encouraging pastors to defy the ban on political endorsements by churches. “For so long, there has been this cloud of intimidation over the church,” ADF attorney Erik Stanley [...]
An Obituary for National Heritage Foundation?
Posted on February 3, 2009 by Greg McRay in Commentary, Hot Topics
On January 24, 2009, National Heritage Foundation filed for Chapter 11 bankruptcy protection in federal court. Is this the end for NHF? Read the Forbes story here National Heritage Foundation, NHF, was founded by J. T. “Dock” Houk as a 501(c)(3) fiscal agency for nonprofits using a donor-advised funds scheme. NHF operated under the premise [...]