Add Value to Your Nonprofit with an Advisory Board
Posted by admin on Aug 7, 2019 4:00:00 PM
An advisory board can bring new value, skills and resources to your existing, more formal board of directors. Is creating an advisory board right for your nonprofit?
Read MoreIs That Tax Notice You Received Really From the IRS?
Posted by admin on Jul 23, 2019 8:44:53 PM
Many people feel a sense of dread when they receive a letter from the IRS. Often, people will comply with whatever request is made, assuming that they must have made a mistake when completing their tax return. But what if that letter isn’t really from the IRS? Scams involving people claiming to represent the IRS are so prevalent that the IRS has an entire page on their website devoted to helping determine if an encounter is actually with an IRS representative.
Read MoreConsiderations for Maturing Nonprofits
Posted by admin on Jul 17, 2019 11:00:00 AM
There is a standard life cycle that most not-for-profits experience. It begins with their early stage, which precedes a growth period that runs several years, followed by maturity. Once mature, the nonprofit has built its core programs and achieved a reputation in the community. But no organization can afford to rest on its laurels.
Read MoreIt May be Time to Refresh or Replace your Programs
Posted by admin on Jul 3, 2019 8:00:00 AM
Are your programs relatively the same as they were a few years ago? If so, it’s time to review each of your programs and potentially replace, or simply refresh, your offerings.
Read MoreOngoing IRS Oversight Challenges Noted With Form 1023 and Form 1023-EZ
Posted by admin on Jun 30, 2019 10:48:59 PM
In her latest report, the National Taxpayer Advocate, Nina E. Olson, says that the IRS still isn’t asking for enough information on the simplified Form 1023-EZ to ensure organizations using the form actually qualify for the exempt status. Further, a soon to be released revised Form 1023 runs the same risk.
Read MoreFoster Gift Matching at Your Nonprofit
Posted by admin on Jun 13, 2019 12:00:00 PM
When a corporate partner agrees to match the value of a donor’s gift, you can quickly double your organization’s gain. Are you doing everything you can to educate your financial supporters and their employers about matching gifts?
Read MoreMaximize the Potential of your Internal Audit Function
Posted by admin on May 30, 2019 11:00:00 AM
The key role of a not-for-profit’s internal auditors was once limited largely to testing financial and compliance controls and reporting their findings to the organization’s leadership. But today, with their cross-departmental perspective, internal audit staff (whether employees or outside consultants) can help anticipate and mitigate a variety of risks, improve processes — and even help evaluate your nonprofit’s strategies.
Read MoreHow to Regain Tax-Exempt Status after Automatic Revocations
Posted by admin on May 16, 2019 8:00:00 AM
If your organization neglects to file the required annual forms with the IRS for three consecutive years, you will lose your tax-exempt status. Loss of your tax-exempt status will likely mean loss of donors, so it is imperative that you take action to reinstate your status immediately. Use the steps we’ve outlined below to reclaim your nonprofit designation.
Read MoreDistinguishing Between Sponsorship and Advertising Incomes, and Paying Proper Taxes
Posted by admin on May 2, 2019 2:06:26 PM
While you are able to supplement your usual income-producing activities with sponsorships and advertising programs, it’s important to understand the possible tax implications of income from these outside sources.
Read MoreFinding the Perfect Bookkeeper for Your Organization
Posted by admin on Apr 16, 2019 11:13:32 AM
The perfect bookkeeper will seamlessly handle your day-to-day accounting functions, but finding this person can be difficult. Be sure to consider your organization’s needs before actively starting your search.
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