Well, we are pretty much down to it. There are only a few weeks left in 2011…and during much of that time, most of us will be preoccupied with all things Christmas. But in all the hustle and bustle, there are a few things regarding your nonprofit that require your attention. The following is a [...]
The True Cost of Noncompliance
Noncompliance. As the word suggests, noncompliance is the opposite of compliance. But what does noncompliance mean as it relates to your nonprofit? More important still, what is the true cost of noncompliance? If you have been a client or follower of Foundation Group for any length of time, you have heard us hounding you to [...]
Paying an Independent Contractor? Are You Sure?
This is a conversation our staff members have with clients at least 4 or 5 times per week: The issue of a nonprofit hiring and paying an independent contractor. What is fascinating is the degree of resistance we often get when attempting to explain the way the IRS and the state see such matters. Seems [...]
IRS 501(c)(3) Audits – 5 Potential Sources
There is one phrase in the English language that generates more fear and trepidation than any other out there: IRS AUDIT. Just hearing the words is enough to cause many a fearless person to break out in a cold sweat and to shrink in terror. It is bad enough when an individual has to deal [...]
How to Pay Your Nonprofit’s Staff
Last week we looked at some key points regarding nonprofit executive compensation. This week, we want to take a closer look at best practices for paying everyone else your organization employs. Payroll for nonprofits is a complex issue already. Certain rules and exceptions apply that are different than what applies to for-profit payrolls. As if [...]
Nonprofit Executive Compensation
Nonprofit executive compensation tops the current list of IRS hot button issues. A few weeks ago we talked about the fact that the IRS is ramping up its oversight and enforcement of nonprofit executive compensation. With all the rancor surrounding executive perks and bonuses on Wall Street, expect that populist sentiment to spill over into [...]
How to Protect Your Nonprofit’s Board Members
Your board of directors is one of the most important assets your nonprofit has. Assuming they understand their role and are there for the right reasons, your board members provide invaluable insight, direction and oversight. They volunteer their time and expertise, usually for little more than a pat on the back. They also assume a [...]
IRS Stepping Up Nonprofit Oversight
The headline for this article is not really “new” news. The Internal Revenue Service has been stepping up enforcement of its regulations governing nonprofits for several years now. Those who have been keeping up with the changes to the Form 990 annual reporting requirement know this to be true. What is new this time is [...]
Answers to Reader Questions (Dec ’08)
At the end of most newsletters, we put out the call for “topic requests”. We wanted to get to some reader questions before the year ended. We will try to answer questions like these, that don’t require a whole article, from time to time. If you have article topics that you would like us to cover, email [...]
