Top Ten Major Donor Fundraising Trends for 2014-2015

For our nonprofit clients, here is a link to an excellent article on the Top Ten Major Donor Fundraising Trends for 2014-2015.  This article was published on GuideStar.  We are not affiliated in any way with GuideStar and are not … Continue reading →

Never easier to obtain tax-exempt status

The Internal Revenue Service recently introduced a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily. The new Form 1023-EZ, available today on IRS.gov, is only three pages long, compared with the standard 26-page … Continue reading →

Missing May 15 filing due date could cause loss of tax-exempt status for many nonprofits

Filing Requirement. Most nonprofit organizations know and follow the requirement to file either Form 990, 990-EZ, 990-PF  or 990-N (e-Postcard) on or before the 15th day of the fifth month after year-end.  For most organizations, that date is May 15. In addition, tax-exempt … Continue reading →

New Form 1023-EZ for easier 501(c)(3) exempt status application

The draft Form 1023-EZ, “Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code,” announced in the Federal Register March 31, is a shorter and less burdensome version of the Form 1023. Most small exempt organizations … Continue reading →

AICPA Offers Framework for “Political Activity” Definition for All Tax Exempt Organizations

In a comment letter to the Treasury and the Internal Revenue Service, the AICPA proposed bright line standards in the drafting of a new definition for “political activities” for all tax-exempt organizations. Among the AICPA’s recommendations are identifying activities that … Continue reading →