CANDO! offers a variety of services to help you maintain compliance with national and state nonprofit laws and standards.
Click on the titles below to read about the related services.
To get help with these services, contact me to setup a consultation!
IRS 990 Forms
CANDO! recommends using a local nonprofit accountant firm for all other forms.
The IRS requires all tax exempt nonprofit organizations to file a 990 form annually. If a 501c3 organization fails to file a 990 form in 3 years, they will lose their tax exempt status.
There are different forms to file depending on your organization:
- Form 990N: An electronic filing for gross receipts below $50,000
- Form 990EZ: The form for organizations with gross receipts less than $250,000 or total assets less than $500,000
- Form 990: The form for organizations with gross receipts more than $250,000 or total assets more than $500,000
- Form 990PF: A private foundation filing
- Form 990T: The form for filing Unrelated Business Income
- Form 990W: The form for Estimated Tax on Unrelated Business Income
Charitable Solicitation Registration
CANDO! suggests using Affinity Funding Registrations for multi-state affinity fundraising registrations.
Forty states and the District of Columbia require tax exempt nonprofit organizations including 501(c)(3) organizations to register with with the appropriate state division overseeing charities before soliciting donations from the public. Often this is a division of the Attorney General’s office or the Secretary of State.
WHO MUST REGISTER?
Generally, any tax exempt nonprofit raising funds in any way within the borders of a state, by any means, is subject to that state’s law and is therefore required to register (and must do so before soliciting).
Typically, states exercise regulatory authority over nonprofits based on one of two premises: the nonprofit is physically “present” in the state or the nonprofit raises funds in the state. In either case, a state may require the nonprofit to “register” by providing identifying information about the nonprofit and its operations. Organizations may find that raising funds from the public will give rise to regulatory obligations in multiple states.
Penalties for noncompliance are severe and expensive. States are cracking down on unregistered charities.