Non-Profit.Pro

04/23/2024

Remember (especially smaller nonprofits):

Avoid Automatic revocation of exempt status for non-filing!

Form 990, 990-EZ, Form 990-N, or 990-PF must be filed by the 15th day of the 5th month after the end of your organization's accounting period. For a calendar year taxpayer, Form 990, 990-EZ, Form 990-N, or 990-PF is due May 15 of the following year. For 2024, the deadline is Wednesday, May 15th.

If an organization does not file an annual return or notice for three consecutive years, the organization is automatically revoked by operation of law, and not by a determination made by the IRS. The law provides no appeals process for automatic revocations.

I HAVE SEEN IT HAPPEN - DON'T LET IT HAPPEN TO YOU!

04/16/2024

Register for free gaming webinar

Is your organization considering gaming as a form of fundraising? Do you have questions about what’s involved in gaming or how it might affect your organization? If so, the Tax Exempt and Government Entities Division invites you to register for the free Impacts of Gaming on Tax-Exempt Organizations webinar on Thursday, April 18, 2024, at 2:00 pm (ET).

This webinar will describe and discuss:

Impacts gaming can have on tax-exempt status
Importance of good internal controls and recordkeeping
Form 990 filing requirements
Unrelated Business Income Tax situations
Filing requirements for payments to individuals
Wagering and excise taxes and when they are applicable
Plus, a live Q & A
Mark your calendar and join us this Thursday, April 18, 2024, at 2:00 pm (ET). There’s still time to register.

02/23/2024

Resources for smaller non-profits from the IRS e-News for Charities & Nonprofits: How to maintain your organization’s tax-exempt status

Leaders of charitable organizations should be familiar with their responsibilities and the various actions that can jeopardize their organization's tax-exempt status.

The Maintaining 501(c)(3) Tax-exempt Status Course discusses what charitable volunteers and employees must do to maintain this valuable exemption and which actions can result in revocation of exempt status.

Obtaining and maintaining 501(c)(3) tax-exempt status is crucial to the success of charitable organizations. This online training provides you with the tools and knowledge necessary to keep your organization's exempt status intact.

02/22/2024

Another nonprofit professional sent this to me and it's too good not to share.

One of the catchier songs from my childhood.

02/10/2024

There are almost 3,500 nonprofits in the greater Asheville metro area that employ over 26,000 people. Check out these infographics from CauseIQ. There's some good information here. If your people need help, let's talk.