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Quick Question: What actions endanger nonprofit status?

501c3 organizations

Quick Question: What actions endanger nonprofit status?

Nonprofit organizations live and die by active 501(c)(3) status. Knowing the list of ‘don’ts’ and ‘watch outs’ keeps an organization Read More >>

10 Best Practices for Internal Audits

An internal audit benefits your organization in many ways.  Take a look at the  Journal of Accountancy (online) article about Read More >>

25 Governance Policies You Need

My colleague, Bill Sims, posted this on his Faithful Steward blog, and I wanted to share it with my non-profit Read More >>

Be on the Lookout for Excess Benefit Transactions

When transactions occur that are unrelated to direct payment, such as regarding property or the use of assets, you may Read More >>

Financial Transparency for Schools

One of the purposes of the Form 990 is transparency for nonprofit organizations.  If a college or school provides tuition Read More >>

What to do if tax exempt status is revoked

I received a question from Brenda in Michigan, and I think that the answer will be helpful to other readers, Read More >>

6 Ways for Nonprofit Organizations to Benefit from QuickBooks

QuickBooks is a popular and efficient accounting tool for all businesses, including nonprofit organizations. But you need to know how Read More >>

Changes in Form 990 for Tax Year 2012

Changes to Form 990 instructions and schedules clarify and modify how organizations report information and income. You can see the Read More >>

When a Donation Isn’t a Tax-Deductible Donation

Donors who contribute to tax-exempt 501(c)(3) organizations want to believe that all donations are tax deductible. However, if you have Read More >>

5 Taxpayer Relief Provisions related to Tax-Exempt Organizations

The American Taxpayer Relief Act of 2012, the one enacted to avert the ‘fiscal cliff,’ has five provisions that are Read More >>