Filing a 990-series return is an essential aspect of running a nonprofit, and this article covers why it's important, how to submit it, and the what the consequences are if you don't. #reporting
Under I.R.C. § 508(c)(1), a charitable organization that is not a private foundation and that has annual gross receipts normally $5,000 or less is not required to file Form 1023 in order to be recognized by the IRS as a 501(c)(3) organization. An organization that falls below the $5,000/year...
Self-DeclaredNonprofitOrganizations.pdf
This publication is designed to help public charities comply with federal tax law by tracking their lobbying activities. The guide includes sample forms and describes multiple options for tracking staff time, overhead expenses, and direct costs. #advocacy #lobbying #reporting
Federal tax laws already allow every charitable nonprofit to engage in some legislative lobbying activities, providing that, “no substantial part of the activities” may be for “carrying on propaganda, or otherwise attempting, to influence legislation.” The definition of “insubstantial”...
When making significant changes to your organizational purpose, legal structure or governance, there are important internal and external steps to ensure you stay in compliance with the law. Some changes just require board approval, and others require filing paperwork with state or federal...
Incorporated nonprofits must have a registered agent who is the contact for the organization with the Secretary of State’s office for reminders (electronic) to file your annual report or other questions from the Secretary of State’s office. Some organizations hire a lawyer or other individual to...
This (surprisingly easy-to-read!) IRS publication covers when and how nonprofits must acknowledge charitable donations. #fundraising #reporting
There are important rules and regulations governing the solicitation of charitable donations. This white paper covers Maine's definition of "charitable organization," which organizations are exempt from registration, how to register as a charitable solicitor, online fundraising, reporting...
Fundraising-and-Charitable-Solicitation-Guidelines.pdf
AS OF MAY 15, 2020 PROVIDED BY THE NATIONAL ASSOCIATION OF STATE CHARITIES OFFICIALS (NASCO) #fundraising #reporting
NASCO-State-Charities-Registration-Survey-5.15.20-.pdf
It is common for nonprofits to receive donations and contributions of nonfinancial assets, more commonly known as in-kind contributions. Typical examples of in-kind contributions a nonprofit may receive include but are not limited to: Pro bono legal & professional services Below-market...