In the News

Copyright 2016

Rules known as "intermediate sanctions" allow the IRS to assess penalties against not-for-profit executives who receive excess compensation -- and the board members who have approved it. Do you and your board know what's considered excess compensation and what's viewed as a conflict of interest during the compensation-setting process?

Copyright 2016

It's an age of personal responsibility and legal liability can cause financial ruin for your organization's officers and board members.

Copyright 2016

Not-for-profit organizaitons that file IRS Form 990 must indicate the number of independent voting members or directors of the governing body. (This is entered on Parts 1 and VI.) The IRS is not the only group interested in these facts.

Copyright 2016
Audits have become more important due to increased public and government scrutiny of not-for-profit organizations, their management and their boards.
Copyright 2016
Everyone agrees that donations are the lifeblood of not-for-profit organizations. At the top of most wish lists is cash, and depending on your situation, you may accept other assets and in-kind contributions. But what should you do when offered donations that are not usable or appropriate? For example, how should a charity react when it is offered an item so worn that the only option is to send it to the local dump? Unfortunately, this can be a drain on the charity's staff. And if there's a fee to use the dump, it can cost the organization.
Copyright 2016
Be careful with the language printed on the receipts you give in exchange for contributions. If you make a mistake, the results can be embarrassing for you and expensive for your donors.
Copyright 2016

Many not-for-profit organizations have discovered there can be strength in numbers. In recent years, there has been an increase in the number of collaborations, partnerships and even full-scale mergers in the not-for-profit sector. These joint ventures can  conserve resources, help with fundraising and, in many cases, expand the services that each group provides.

Copyright 2016

Is your not-for-profit the same organization it was three years ago? Are your stakeholders the same now as then? Is your community and its support of your not-for-profit the same?

Copyright 2016
Donors understandably demand accountability from the not-for-profit organizations they support. Some turn to the Better Business Bureau (BBB) for guidance. Its Wise Giving Alliance has established standards by which it evaluates tax-exempt 501(c)(3) organizations that submit a report.
Copyright 2016
The IRS does require you to keep certain essential documents on file. These records back up accounting entries, reported taxable income, expenses and deductions.

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