Posts Tagged: non-profit

Current Challenges in the Nonprofit Sector

Nonprofit organizations in the United States constantly struggle with operational and financial challenges. Speculation about the common challenges faced by our nation’s nonprofits is abound, but what do the concrete statistics say? The BDO Institute for Nonprofit Excellence recently released a report from its survey of 105 nonprofits that reveals the current challenges nonprofits are …

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Data Breaches at Nonprofits

August 9, 2017 Posted by lfnpdev in Non-profits, Nonprofits, Privacy

Everyone hears about data breaches hitting large companies like Yahoo!, Home Depot, Anthem, Sony, and Target. Nonprofit organizations also have crippling data breaches. Earlier this year, a small nonprofit in Indiana fell prey to hackers, reports KQED. The organization is Little Red Door, whose mission is to reduce the financial and emotional burdens of cancer and …

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Form 990 Filing Site Hacked

Form 990 Filing just got more complicated. The online service where 990s are filed electronically has recently been hacked. The Urban Institute, which operates the online filing site for the annual returns nonprofits must file, announced that it “recently discovered that an unauthorized party or parties have gained access to the Form 990 Online and …

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IRS Targets Nonprofit Self-Declarers

It’s official. IRS targeting of nonprofit self-declarers will begin this year. Most organizations that qualify for federal tax-exemption other than non-church 501(c)(3) charities do not need to apply for tax-exemption. Whereas may do, they can simply self-declare that they are tax-exempt. When such nonprofit organizations complete their Forms 990 they need only identify their 501(c) …

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AG Proposes Changes to Penalties

February 7, 2012 Posted by The Law Firm for Non-Profits, P.C. in Accountability, News

Ever wonder what will happen if you don’t comply with the California Attorney General‘s rules on charitable solicitation? Stay up at night wondering whether you’re going to be carted off to jail for failing to register? Hopefully you didn’t spend too much time getting to know the current rules, because the AG is thinking about …

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Alleged Embezzlement Sets Off Review of Financial Procedures

Posted by The Law Firm for Non-Profits, P.C. in Accountability, Board, Director Duties, News

How closely does your nonprofit’s board supervise financial transactions? Last week, a woman who handled financial transactions for the Roman Catholic Archdiocese of New York was charged with embezzling more than $1 million over 7 years. She allegedly issued hundreds of checks in small amounts to her son under the guise of paying bills to …

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