All section 501(c)(3) organizations are strictly prohibited from being directly or indirectly involved in campaigning activities for, on behalf of, or against a candidate running for public office, making contributions to political campaign funds, and making a public statement of … read more
For an organization to be recognized as a 501(c)(3) tax exempt organization, it is generally required to submit Form 1023 to the IRS. Form 1023 is a 28 page, time intensive form that may be difficult to complete for many … read more
Tax exempt entities can lose their tax exempt status with the IRS if they are involved in private inurement which applies to exemptions under 501c3, 4, 6 and 7. It basically means that insiders can’t personally benefit in any way … read more
I have had a few people mention that they have clients or executive directors who balk at the idea of having their compensation reported on the Form 990 as it is a public document. I have also heard of more … read more
As we discussed last Tuesday in The I.R.S. is Ready, Part I, The I.R.S. is now ready to test compliance with their new rules regarding the new 990 and other related issues facing not-for-profit organizations. The Tax Exempt and Governmental … read more
The non-profit world is all up in arms over the May 17th filing deadline and the 990-N. News stories abound trying to convince all non-profits, regardless of the size, to be sure that they have filed their 990 (in whatever … read more
I loved the IRS’s provided “drop in media”, which displays your tax return being crumpled and thrown in the garbage. Their portrayal isn’t far from what happens if you don’t file your 990 – you are in effect throwing away … read more
Our Not-For-Profit niche is a strong team of experienced professionals who focus their work in the not-for-profit industry. Henry & Horne has been a stable local firm in Arizona for 55 years, and the Not-For-Profit niche has a long history of working with charitable organizations and other tax exempt organizations of all kinds. Our focus is exceptional client service and building relationships with our clients to promote communication throughout the year, not just at the time of the annual audit. We highly value and are very proud to be helping those who help others.
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