filed in Form 990 on Jan.27, 2009
We hope that all the smaller nonprofits, especially those with no current activity, are aware of this I.R.S. filing requirement. There are thousands of organizations that have received exemption, but have no current reportable activity. The I.R.S. is trying to “weed” out inactive organizations that will never operate. Please be sure that your organization does [...]
filed in Fraud on Jan.20, 2009
Unfortunately, in times of economic stress, fraud committed by employees will increase. Jessica’s article highlights one area that can be overlooked, but can become a major area of employee theft. For every $10 that an employee “steals”, you have given them a bonus of at least $13. Random “spot checking” can help you eliminate this [...]
filed in Form 990 on Jan.13, 2009
Brett’s article is one of the many that we will be providing over the next few months regarding the new I.R.S. Form 990. This form has changed significantly and we want to be sure that you, and we, are ready to navigate through the complexities of the form and what it means to you in [...]
filed in Form 990 on Jan.06, 2009
In the revised Form 990 for 2008, there are many disclosures and reporting changes from the previous Form 990. One major reporting disclosure addition that will affect many not-for-profit organizations can be found in Part I, Line 6. At first, entering the total number of volunteers may appear to be relatively simple. However, when you [...]
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