Bring up the subject of a nonprofit’s bylaws and you are sure to get an interesting response. For many nonprofit’s, their bylaws are just some forgotten document, full of legalese, gathering dust in a file cabinet somewhere. No one on…
The IRS has all sorts of rules about what your nonprofit can and can’t do and still maintain 501(c)(3), tax-exempt status. In this article, we’re focusing on the rules concerning the who. Specifically, who can and can’t fulfill certain roles…
Maintaining timely and accurate financial records is one of the most important responsibilities facing every nonprofit organization. But doing it right is time-consuming, and the rules are complicated.
IRS Form 990, the full-length version, is arguably the most detailed tax return the average person is likely to encounter. While there are certainly IRS tax forms that are equally complex, most are used for very targeted situations, not for…
The instructions for IRS Form 990, the long form, are 103 pages long. IRS Form 990-EZ, its mid-range form, instructions are 48 pages long. IRS Form 990-PF, only for private foundations – but required of all private foundations regardless of…
…But in this world nothing can be said to be certain, except death and taxes. – Benjamin Franklin
One of the questions we are frequently asked when it comes to charitable solicitations or fundraising registration is the cost of non-compliance. What risk does an organization run if it fails to properly register in a state where it’s required?
The issue of a nonprofit operating in a foreign country is rather complex. It can involve multiple government agencies and be fraught with pitfalls that can only be avoided if you understand the rules. If you are like many of…
“What Is a 509(a)(3) Supporting Organization?”. Now, we want to take a look at one way to take advantage of this unique structure.
When you hear the term nonprofit, the first thing that typically comes to mind is a charity, or 501(c)(3) organization. That’s for good reason, since roughly 78% of all tax-exempt organizations are exempt under IRC Section 501(c)(3). The remaining 22% consists…