40 states, plus Washington DC, require 501(c)(3) nonprofits to register prior to soliciting donations. And, since most states now consider all forms of revenue generation by your nonprofit to be a solicitation, you simply must be aware of what is…
Your nonprofit organization has received donations. Fantastic news! But... do you need to concern yourself with the state's fundraising registration process? You see words like charitable solicitation, but what does that mean? What actions give rise to a nonprofit to…
One of the primary responsibilities of any nonprofit board member is to maintain the financial integrity of the organization they serve. Board members act as trustees of the organization's assets and must exercise due diligence and oversight to ensure that…
Timely and accurate filing of Form 990 is essential to the ongoing success of your nonprofit. We often run into the false notion that since it is a nonprofit filing the return, that the IRS really doesn't pay that much…
We talk a lot about IRS Form 990 around here, and for good reason. It's the most critical annual compliance filing you have. What we don't talk a lot about, however, is how best to prepare for Form 990 season.…
There are lots of reasons why your nonprofit's annual IRS Form 990 is critically important. Chief among those reasons is that it is legally required that your organization file one each year. But another important consideration is the public transparency…
With the New Year comes new responsibilities. Similar to how we all anxiously await for our employers to issue us our W-2s at the beginning of the year to get our taxes and out of the way (and hopefully not…
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…
The CARES Act legislation that was approved in the early days of the COVID-19 pandemic (spring of 2020) helped many nonprofits with its Paycheck Protection Program. Thousands of charitable organizations nationwide were able to secure forgiveable loans from the Small…
Now, more than ever, the nation needs nonprofit organizations. The need is great and still growing.