Do you think Google can change the world one $1 donation at a time? It’s trying to do just that with One Today, its new mobile application that enables people to contribute $1 to any highlighted charitable project of their choice. The app features a different project every day and allows donors to share their …
Posts Categorized: News
Free Nonprofit Financial Workshop on May 21
Do you feel lost when reviewing your nonprofit’s financial reports? Education will help you conquer your financial trepidation and accounting firm Green Hasson Janks‘ upcoming workshop is a great place to start. The workshop will share tips and best practices for engaging your board and staff in the financial aspects of your organization. In addition, …
Death Knell Approaches for Some Nonprofits
May 15 is almost here. This is the deadline by which, if an organization is on the calendar year, it must file its IRS Form 990-series information return. If an exempt organization didn’t file its 990-series form for 2010 and 2011, missing this year’s deadline could be its final act as an exempt organization. Almost …
IRS Releases Report on Colleges and Universities Study
In 2008, the IRS conducted a survey of colleges and universities in a number of areas including executive compensation and unrelated business income. About 400 organizations received the survey. Based on the questionnaire responses, the IRS decided to open further investigations into 34 of the surveyed colleges and universities. The results were shocking. A large …
IRS Waives Eligibility Requirements for Employee Reclassification Program
Is your nonprofit incorrectly classifying employees as independent contractors? This has been an area of hot attention by the IRS and Employment Development Department in the last few years and it’s about to get even worse. California employers who willfully misclassify employees are fined between $5,000-$15,000 per incident, in addition to any other penalties or …
UPDATE: New Misleading Mailers
Did your nonprofit heed our warning about misleading mailers? Hopefully it didn’t fall prey to the most recent misleading mailers we’ve seen. The first is titled “Statement of Information Officers List” and warns that failure to file a Statement of Information may cause an entity to become suspended. While the warning may be true, it …