It’s been almost two months since most tax-exempt organizations were required to file their annual IRS Form 990. As we have discussed at great length on these pages, the due date for tax year 2009 was the doomsday date for…
Let’s face it. Times couldn’t be tougher for many nonprofits, especially when it comes to raising money. And in the nonprofit world, things often run in inverse proportion: The tougher the economy, the greater the need…and the scarcer the resources. …
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…
As long-time readers of our articles know, most of our posts focus on tips and best practices for effective nonprofit management. This post is going to be a little different. There is so much going on right now that affects…
Founder’s syndrome. It affects nonprofits and for-profits alike. And it can be crippling to any organization. Understanding what it is and how to avoid it is crucial to the future of your 501(c)(3). Taken from that most-reputable of sources, Wikipedia,…
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…
In our last post, we took a look at five of the most common sources that could spark an IRS examination or audit of your 501(c)(3) organization (or other nonprofit). In this article, we’re going to equip you with five…
There is one phrase in the English language that generates more fear and trepidation than any other out there: IRS AUDIT. Just hearing the words is enough to cause many a fearless person to break out in a cold sweat…
In case you missed our blog about this story earlier in the year, the nanny-state strikes again. Back in January, we told you about a new consumer “protection” law, the Consumer Product Safety Improvement Act, that was going into effect…
One of the most challenging situations your nonprofit organization can face is the need to expand. It is also an exciting challenge. Compared with the alternative of diminishing effectiveness and shrinking support, growth is a good thing. At least it…