Compliance Corner: Discounted Mailings for Nonprofits: How to Apply and How to Comply
A row of Mailboxes

Discounted  Mailings for Nonprofits: How to Apply and How to Comply Did you know that you can likely get a discount on mailings for your nonprofit?  The USPS has special pricing for nonprofit mailings. This means you can cut down costs by 54%-80% on mailing your annual appeal letter, event invitations, and more. However, nonprofits […]

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Compliance Corner: The Difference Between Funds With and Without Donor Restrictions
A few piles of coins.

What Is the Difference Between Funds With Donor Restrictions and Without Donor Restrictions? Nonprofits have a unique accounting standard that differs from other types of businesses. Nonprofits have two categories for funds received: 1) funds with donor restrictions, and 2) funds without donor restrictions. These used to be called unrestricted, temporarily restricted, and permanently restricted […]

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Compliance Corner: $300 Charitable Donation Open to All Taxpayers
$300 Donation

CARES Act & $300 Charitable Donations So much has happened in the last few months.  Fortunately the outcome of certain legislation is for the benefit of nonprofit organizations.  The CARES Act added a special benefit for donors of nonprofit organizations.  For 2020 any taxpayer can donate up to $300 to a 501c3 nonprofit organization and […]

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Compliance Corner: The Importance of the Census for Nonprofits
Many People

Not only is it time to file your 990s and your State Charitable Solicitation Registrations but this is a special year that can help all nonprofit organizations throughout the country.  It is Census time and only happens once every 10 years. Every nonprofit should encourage all their supporters and clients to complete the Census because […]

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Compliance Corner: Translating the Legalese – What Makes a Nonprofit a Nonprofit?

Nonprofit corporations are most readily identified by the mission and vision of the work they do.  It is true that the charitable work nonprofits do are a requirement for the State and the IRS in determining what defines a nonprofit.  Yet, there are some other very important concepts that legally define a nonprofit corporation. I […]

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Compliance Corner: Providing your 1099s

Why? The IRS requires 1099s to make sure they are aware of all the work taxpayers are doing. While employers give employees W-2s, independent contractors receive 1099s. These documents allow the IRS to match up income and ensure they are collecting all the taxes owed to the government. Who? Nonprofits must give 1099s to any […]

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Compliance Corner: Fiscal Sponsorship

Many new nonprofit organizations are trying to figure out the best start for their organization. Filing the state and IRS forms can be expensive and time consuming. Nonprofits often seek to get grants right away, but can not do so while they are waiting for their tax exempt status determination letter from the IRS. With […]

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Compliance Corner: Updating Your Guidestar

Recently, I received a call from a client saying she was trying to receive approval from Facebook to run fundraisers on their site. They requested she have a complete profile on Guidestar. She asked, “What is Guidestar and why do they want me to have a profile?” Guidestar is a nonprofit organization that receives information […]

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Complince Corner: Family Members on the Board?

When starting a new nonprofit it is common for the founder to want to ensure the mission of the organization as they envision is being carried out. Having a Board of Directors can be scary and sometimes I hear that founders want to make sure the board is “on board” with their vision for the […]

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Compliance Corner: Ensure Your Corporate Partnerships Are Tax Compliant
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Are Your Corporate Partnerships Tax Compliant?  Relationships between nonprofits and companies can be impactful and mutually beneficial—especially co-branded relationships.  But, before you enter into a relationship with a company, it’s important to know the IRS’s rules around what is taxable and not taxable in such relationships. Simply put, The IRS determined that sponsorships and agreements […]

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