» Non Profit and Tax Exempt

There is a lot to like about IRS form 1023-EZ! It is only three pages long, it asks for minimal information, and it can be filed online. What’s more, the filing fee is only $275, and the application is usually approved within a month or so. This qu…

At the end of the year, with all the busyness of year-end fundraising, not to mention preparing for the holidays, some important tasks can be overlooked. This is a check list of some of the most critical items for every nonprofit organization to reme…

Board of Directors Basics Serving as a volunteer director on the board of a nonprofit can be a very rewarding experience and a great way to give back to your community. If you are asked to join a board, or if you are a current board member wondering…

We lost our tax-exempt status! What can we do? Did you lose your tax-exempt status because you didn’t file an annual return (990, 990EZ or 990-n), for three years? If so, don’t panic! The IRS has some procedures for getting back into compliance.…

Fundraising is an essential task for nonprofits, big or small, and the ability to raise funds that are tax-exempt is a major motivation for becoming a nonprofit in the first place. Most nonprofits know that they need to register for charitable solici…

Many nonprofit organizations feel that once they receive that all-important tax-exemption letter from the IRS, they are worry free. Not true. Most nonprofits know that they must file annual reports to the State and to the IRS. Sometimes, older organi…

You have just been elected to the board of an amateur sports club. What should you do to ensure that the organization is in good shape? First, don’t just assume that everything must have been set up correctly when the organization was originally fo…

Loss of Tax Exemption and Automatic Revocation (Losing Your Tax Exemption for Failure to File Annual Returns for Three Years) ……And what to do next! Loss of Tax Exemption and Automatic Revocation (Losing Your Tax Exemption for Failure to File Ann…