Articles

Gifts-in-kind: Should You or Shouldn’t You Accept?

What’s that saying about not looking a gift horse in the mouth? With lukewarm growth in total giving — only 1.5% in 2012* (adjusted for inflation) — it’s hard to imagine turning down a gift. However, noncash gifts-in-kind can present problems. Gifts that aren’t suited to your mission, for example, or gifts that come bearing […]

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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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