Annual To-Do List for Nonprofits

It’s the end of the year, and in all the busyness of year-end fundraising, not to mention preparation for the holidays, some important tasks can be overlooked.  This is a check list of some of the most critical items:

All Organizations:

  • Have an annual meeting
  • File your 990 (or 990-ez or 990-n)
  • For corporations:  file your annual report with the State of Michigan
  • W2s and 1099s

501(c)(3) Organizations:

  • Send out year-end contribution receipts to donors
  • File Charitable Solicitation Renewal with the State

Private Foundations:

  • Spend funds on charitable activities or make grants to public charities sufficient to avoid excise tax penalties. Call your CPA to obtain the exact number that must be spent.
  •  Review business holdings of private foundation and all disqualified persons to ensure they do not collectively exceed 20% of voting control.

Items for Review:

  • Do you have adequate insurance coverage to protect your Board of Directors and volunteers?
  • Review grant agreements to make sure terms and restrictions are being honored
  • Review Articles of Incorporation and Bylaws, do they need to be updated to reflect how your organization is currently operating?
  • In what States are you fundraising?  Do you need to register with any States?
Practice Area(s): Non Profit and Tax Exempt

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