filed in Form 990 on Jul.28, 2009
If your organization has annual gross receipts that are not normally in excess of $25,000 and/or is not currently required to file an annual information return (Form 990 or Form 990-EZ), you should be aware that the IRS has updated the rules about the requirements to file the Form 990-N “Electronic Notice (e-Postcard) for Tax [...]
filed in Economy on Jul.21, 2009
I have compiled the following “brainstorming” list of what non-profits are doing based on various articles I’ve read:
- Tapping reserve funds
- Creating contingency plans
- Protecting thier most important programs (Renegotiating terms with donors to focus on main programs and realigning staff to support such programs)
- Working with other charities and collaborating with other organizations to [...]
filed in Gifts on Jul.14, 2009
Why would any non-profit organization need to have a gift acceptance policy? Don’t non-profits take anything they can get? Maybe they shouldn’t. There are many considerations to take into account when accepting a gift that may be considered unusual or unique.
If your organization periodically is presented with “different” types of donations, it may be a [...]
filed in Form 5500 on Jul.07, 2009
Many non-profit organizations offer 403(b) plans to their employees as a benefit. Until now, they have been relatively simple to administer because there have been limited filing requirements for 403(b) plans. However, that will soon be changing with the revisions being made to the 2009 Form 5500. These changes will require many 403(b) plans to [...]
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