Foundation Group’s CEO, Greg McRay, was interviewed on the New Year’s Day episode of The Balancing Act on Lifetime Television. Co-host Julie Moran talked with Greg about the what’s involved with starting a nonprofit. It was a lot of fun…
Good news from the IRS usually sounds like the beginning of a funny joke…but not this time. In an unexpected move, the IRS announced in late January a revised filing fee schedule for applicants for 501(c) status. Most applicants will…
In a fantastic piece today in the Chronicle of Philanthropy, Tim Delaney, chief executive of the National Council of Nonprofits, exposes multiple examples of currently proposed state legislation aimed at the nonprofit community. Mr. Delaney explains how, in each example,…
The Internal Revenue Service issued its annual compilation of agency data yesterday. In what was a surprise to many, the number of approved applications for 501(c)(3) status actually dropped in 2015 from 2014’s numbers. The 2015 fiscal year, which ended September…
Well, that was fast. At least the IRS made the right decision on this. Just to update you, the IRS recently proposed allowing charities to (optionally) collect the Social Security numbers of donors and report the detailed donor/donation information to…
Well, that didn’t take long! We informed our readers last week of a proposal by the IRS to (voluntarily) allow charities to collect and report the Social Security numbers of donors. The idea being that it would reduce fraudulent tax…
The IRS recently proposed new regulations that would allow charities to report the Social Security numbers of donors who give more than $250 to the nonprofit. This has caused an uproar of concern among those in the nonprofit community, including…
An important announcement from one of our valued business partners, Aplos Software: Aplos Software, a company that specializes in online, nonprofit accounting, announced today that it will host a complementary year-end closing webinar for nonprofits and churches on Tuesday, December 15th at…
The IRS currently requires donors to a 501(c)(3) to have a receipt from the charity for any gift above $250 in order for that gift to be tax deductible. According to a post in Bloomberg BNA, the IRS is considering…
It looks like Lois Lerner, the scandal-scarred former head of the IRS Tax Exemption Unit, can finally relax and enjoy her forced retirement. Last week, the Obama Justice Department announced that they were declining to prosecute her for misusing her…