A Brighter Way
A Brighter Way
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One of the most common mistakes organizations make is not itemizing expenses into the three main categories the IRS designates – programs, general administration and fundraising. “The IRS wants to see what is spent on… read more
As today’s not-for-profit organizations face the challenges of decreasing funds, fewer volunteers and increasing demand for services, one popular solution has been to combine forces in partnership with other groups and occasionally… read more
The Internal Revenue Service has issued a warning to booster clubs that conduct fundraisers that they may be subject to IRS scrutiny, including jeopardizing the groups’ 501(c(3) status. An IRS directive addresses the possible tax… read more
If your not-for-profit organization doesn’t normally have annual gross receipts of more than $50,000, it may be able to file an e-postcard rather than the more extensive IRS Form 990 or Form 990-EZ. The IRS has increased the gross… read more
On May 15, 2010, an estimated one quarter of the 1.6 million charities, trade associations and membership groups in the United States lost their tax exempt status if they hadn't filed the IRS Form 990-N. The action results from a provision… read more
The Internal Revenue Service is getting tough on not-for-profit groups this year. The agency recently issued a reminder that all nonprofit organizations that have not filed a Form 990-N or other form in the past three years will have their… read more
For many not-for-profit organizations, the revised IRS 990 form introduced this year can be troublesome. The new form was intended by the IRS to help organizations provide greater transparency about their activities to the public. As a… read more
When someone agrees to serve on your board of directors, how can you help them succeed? Below are tips to help develop productive, successful board members. Offer Orientation Share the inner workings of the organization by explaining… read more
Volunteers choose to become involved with not-for-profit organizations and professional trade associations for any number of reasons. But most of the time, emotions play a part in the decision. Whether the organization helps the youth, the… read more
Tax exempt organizations with gross receipts of $25,000 or less have not been required to file a 990 in the past, but beginning in 2008 they may be required to file Form 990-N. Form 990-N needs to be filed electronically and will provide… read more
