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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Nonprofit organizations commonly use corporate sponsors for their events and ongoing relationships. This relationship is beneficial to both the nonprofit for money for various expenses and corporations for branding and increased sales. Yet, the IRS has certain rules in order for nonprofit and for profit corporations to understand what is taxable and not taxable is […]

The IRS describes inurement as: “A section 501(c)(3) organization must not be organized or operated for the benefit of private interests, such as the creator or the creator’s family, shareholders of the organization, other designated individuals, or persons controlled directly or indirectly by such private interests. No part of the net earnings of a section […]

There are many ways to donate to nonprofit organizations. Vehicle donations are just one. The IRS has certain rules for nonprofits and donors about how Vehicle Donations are handled, so if you want to make sure your vehicle donations are tax-deductible, it’s important to make sure you follow those rules! For Donors: Make sure the […]