Nonprofit

IRS to Release Easy-to-Use Form 1023-EZ in Summer

Good news for small organizations seeking tax exempt status! The IRS recently released a draft version of a new and user-friendly Form 1023-EZ and according to the IRS, most small organizations seeking tax-exempt status will be eligible* to use this new Form 1023-EZ. This form is shorter and less complex than the original Form 1023. […]

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Nonprofit Developments – Spring 2014

Nonprofit CEO Compensation for Fiscal Year 2011 According to a recent report,* an uncertain economy continues to affect compensation. In 2008, compensation for incumbent CEOs generally rose 4% or more. Increases in 2009, 2010, and 2011 (the latest year for which figures are available) were below that level, although things may be improving. Compensation increases […]

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Tax Issues for Tax

Being tax exempt doesn’t mean your organization is exempt from all tax-related issues. There are several reasons your organization may be in the IRS’s crosshairs. The first and most obvious is that the IRS requires exempt organizations (with some exceptions) to file an annual information return: Form 990, Form 990-EZ, or Form 990-N (the e-Postcard), […]

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Nonprofits Tips for Telling Your Story

Nonprofits have great stories to tell. If you’re not using your organization’s stories to garner media attention and promote your mission, it’s time to consider doing so. Keep in mind that you’ll be going head to head with “hard news,” other stories, and lifestyle pieces, so it will generally take more than a great story […]

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Nonprofit Governance: A Checklist

Nonprofit organizations are expected to show they are worthy of the public’s trust. It’s up to an organization’s board to maintain the highest standards of accountability, transparency, and good governance. Volumes have been written about best practices for nonprofit governance. The following is a list of key policies, procedures, and guidelines in four broad areas […]

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