Tag Archives: year-end

“O” No! The IRS Has A Few Questions For You

Posted on February 18, 2010 by Greg McRay, EA

I can already hear some of your sarcasm… “Tell me something I don’t know!” “You’re kidding!  The IRS?  Really?” Point taken.  It seems like the IRS always wants to know a thing or two about you.  Whether it is your … Continue reading →

Posted in Education, Hot Topics, Managing a Nonprofit | Tagged , , , , , | 3 Comments

This Year’s Form 990 is a Very Big Deal

Posted on February 8, 2010 by Greg McRay, EA

The filing deadline for the 2009 Form 990 is May 17, 2010 for 501(c)(3) and other tax-exempt organizations running on a calendar year basis.  There is nothing particularly new about that.  What IS new is that this year’s filing obligation … Continue reading →

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How Year-End Contribution Statements Can Raise Money

Posted on January 5, 2010 by Greg McRay, EA

It’s one of those administrative tasks that must be done every year:  mailing your donors a year-end statement of their contributions.  Even if you are receipting on a per gift basis, a year-end itemized report is a best practice that … Continue reading →

Posted in Funding, Managing a Nonprofit | Tagged , , , | 1 Comment

Year-End To-Do List for Nonprofits

Posted on December 8, 2009 by Greg McRay, EA

Well, we are pretty much down to it.  There are only a few, short weeks left in 2009…and during much of that time, most of us will be preoccupied with all things Christmas.  But in all the hustle and bustle, … Continue reading →

Posted in Education, Managing a Nonprofit, Nonprofit Payroll | Tagged , , , , , , | 1 Comment

Strategic Thinking For Your Nonprofit’s Year-End

Posted on November 10, 2009 by Greg McRay, EA

2009 is rapidly coming to a close.  And once again, we find ourselves amazed at how fast the year has gone by.  Funny how we have this conversation every year, but we act like it’s the first time it went … Continue reading →

Posted in Education, Managing a Nonprofit | Tagged , , , , | 1 Comment

New Form 990 Problems Are Everywhere

Posted on March 2, 2009 by Greg McRay, EA

If there is one constant in life, it’s change.  And most people don’t do “change” very well…even the IRS!  The new 2008 Form 990 is a complete, top-to-bottom overhaul of the form (as we’ve discussed in previous posts).  As we … Continue reading →

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Radical Changes to Form 990

Posted on January 14, 2009 by Greg McRay, EA

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 … Continue reading →

Posted in Hot Topics, Managing a Nonprofit | Tagged , , , | 2 Comments

End of Year Reporting (IRS Form 990)

Posted on December 2, 2008 by Greg McRay, EA

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 … Continue reading →

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How to Winterize Your Nonprofit

Posted on November 4, 2008 by Charles Reasonover

The year is coming to an end. Thanksgiving is just around the corner. Christmas is close enough that you can smell it. If your nonprofit’s fiscal year is January through December, then your accounting year is almost over as well. Are you … Continue reading →

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