This article is the third in our series that explores the various versions of IRS Form 990. Form 990-EZ is annual information return filed by small-medium sized public charities and certain other nonprofits, at least as measured by gross revenue.
As we established in our Form 990 overview post, there are 5 versions of IRS Form 990, one or more of which is required to be filed annually by every 501(c) organization. Form 990-N, the shortest version and the one required…
Wouldn’t it be great if your nonprofit never had to think about the IRS again, once they approved your 501(c)(3) status, that is? Well, as you can imagine, that simply isn’t the case. Nor should it be, truthfully. As it is, the…
It’s been about 10 years since we last published an article about your nonprofit website, but we field questions from clients about this subject on a weekly basis. And, in the time since that 2009 post, our wired world has…
The concept of who owns a nonprofit organization can be hard for some to grasp, especially given that the answer is, “No one!” We encounter this confusion with new clients on a fairly regular basis. And, given people’s understanding of how basic…
Risk management should be among the top strategic initiatives of every nonprofit board of directors. Establishing effective policies and procedures will help, as will requiring separation of duties and limiting conflict of interest. But, what if your nonprofit owns real…
Jo asks: Can person(s) have a proxy for an Annual Congregational meeting when voting on the annual church budget? Are there any guidelines of when it is permissible to have a proxy if you cannot attend a meeting because of…
Maryann asks: We are a board of directors of a +55 nonprofit adult community. We have had multiple board members quit and are down to the President & Vice-President. With only two sitting on the board, how do we make…
Angela asks: What happens when you have a nonprofit foundation that does not follow their own bylaws, does not vote on anything, and board members are added and deleted at the whim of the President with no votes on anything…
Lori asks: I’m head of a board for a 501(c)(3) where the only employee is also the president and founder of the organization. Her salary is currently 20 percent of our budget and she is asking for a large increase…