Ensure Consistency Between Your Website and Your Form 990 To Avoid IRS Issues
A basic area of interest to the IRS are the programs your organization offers. Tax exempt status was granted, in large part, based on your programs detailed to the IRS. You should see if the program descriptions in Part III of your 990 are consistent with your website. If your website showcases programs that don’t […]
Why Nonprofits Need Continuity Plans
Most not-for-profits are intensely focused on present needs — not the possibility that disaster will strike sometime in the distant future. Yet it’s critical that all organizations have a formal continuity plan to guide them should a natural or manmade disaster disrupt operations.
You likely already have many of the necessary processes in place — such as safely evacuating your office or backing up data. […]
Nonprofits: Harness the power of the personal appeal
August 3, 2017 – You’ve probably heard it before: People don’t give to causes — they give to those asking on behalf of a cause. That’s why a personal appeal continues to be such a powerful not-for-profit fundraising tool. In fact, requests from […]
Make endowment funding your nonprofit’s ally
October 11, 2017 – Income from endowment funds may be able to help your not-for-profit meet operating expenses, ease cash-flow problems and supplement next year’s annual budget. But you need to pay attention to several factors, including investment performance, inflation, operational changes and — the only factor […]
When does professional association management make sense?
January 14, 2018 – If your new or fast-growing not-for-profit could use an extra pair of experienced hands, an association management company (ACM), with its turnkey infrastructure, might be able to help. AMCs are paid to manage your nonprofit’s business, leaving you to concentrate on its […]
What nonprofits need to know about the new tax law
The number of taxpayers who itemize deductions on their federal tax return — and, thus, are eligible to deduct charitable contributions — is estimated by the Tax Policy Center to drop from 37% in 2017 to 16% in 2018. That’s because the recently passed Tax Cuts and Jobs Act (TCJA) substantially raises the standard deduction. Many not-for-profit organizations are understandably worried about how […]