On January 2, a policy change was released by the IRS that seemed to eliminate expedited processing for 501(c)(3) exemption applications. Today the IRS confirmed that this was INCORRECT. Indeed, expedited handling for exempt organization applications is still available. If your organization has a pending grant that it will lose without recognition of exemption or …
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Is Football an Unrelated Business?
It was just about six months ago that the IRS decided that it would start looking into unrelated business income reporting on a large scale. So it is perfect timing that this week the National Labor Relations Board (“NLRB”) is holding hearings to consider whether Northwestern’s football players can unionize. What does unionization have to …
Vendor Warning
Do you check references before you engage vendors for your organization’s fundraising events? If not, you should. The New York Times Haggler recently reminded us why. In a recent post, the Haggler investigated a company called CreditCardMachineRentals.com, which charged a nonprofit a wrongful late fee of $8,100 for returning borrowed credit card machines weeks late …
Resolve to Follow the Employment Laws
In addition to your resolution to exercise more, you should make it your goal this year to ensure that your nonprofit is in compliance with the ever-changing California employment laws. To help you get started, here is a short summary of changes to current employment laws and the new employment laws applicable to employers (including …
GiveWell Focuses on Evidence-Based Giving
Would you buy a car without a thorough vetting? For most the answer is no. So why donate to a charity without a proper investigation? Last month we posted a list of the main questions to ask before you donate. But as the end of the year approaches, many potential donors tell us that they …
State Exemption Simplified
California recognizes organizations exempt under section 501(c)(3) of the Internal Revenue Code (“IRC”) as automatically exempt for California income and franchise tax purposes. But currently the Franchise Tax Board (“FTB”) doesn’t extend the same courtesy to other types of 501(c) organizations. This means that those organizations must complete a lengthy exemption application to achieve state …