tax-exempt status

Non-Profits and Political Activities

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

What is the Difference Between Donor-Advised Funds and Restricted Donations?

Donors advising on the use of their donation sounds relatively the same as donors restricting the use of their donation, doesn’t it? These are actually very different concepts. Donor advised funds are separately identified accounts that are maintained by a … read more

IRS Creates1023-EZ Streamlined Application for Tax Exempt Status

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

Backlog of Tax Exempt Applications

Many organizations applying for tax exempt status under section 501(c)(4) of the IRC have been experiencing very long wait times in receiving approval after submitting applications. The IRS has announced that they are providing an expedited process for certain situations … read more

How Can You Lose Tax Exempt Status? With EBT’s

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

TDOKE & High-5 Part III

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

The I.R.S. is Ready – Are You? Part 2 of 4

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

What’s the Big Deal About 990-N?

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

Just Released: 2009 IRS Data Book

While it seems like 2010 is flying by, you might consider revisiting some interesting information from 2009.  The IRS recently published their Data Book for the fiscal year 2009 (October 1, 2008 – September 30, 2009), which is a large, … read more

IR-2010-10 – Automatic Revocation of Tax-exempt Status

 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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