Posts Tagged: NonProfits

Nonprofit Board Operations: Minutes

It’s the room where it happens. Where the decisions are made, goals are discussed, and milestones are celebrated. When your board of directors formally gathers, it is a meeting of the minds that keeps your nonprofit organization’s operations moving forward and reaching toward new heights. And with such important items being discussed and decided upon …

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Best Practices for Acknowledging Charitable Contributions

Charitable contributions are a main source of funding for most non-profits. In order for your donors to receive a tax deduction for making charitable contributions, they must be properly and appropriately acknowledged by the nonprofit. You may be surprised to learn that there are several important things your organization must do to ensure that donors …

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Nonprofits Not Exempt from Annual Filing Requirements: Here’s What You Need to Know

August 10, 2021 Posted by Casey Summar in Form 990, IRS, Taxes

As a nonprofit dedicated to effecting positive change, the majority of your efforts are focused on making a difference. Whether that’s inspiring volunteers, raising capital, sharing information, or boots-on-the-ground action, we understand that spending time on administrative activities is not why you joined the nonprofit world. However, to remain in good standing as a nonprofit …

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IRS Now Mandates Electronic Filing for All Nonprofits

July 27, 2021 Posted by Casey Summar in Form 990, IRS, Non-profits, Taxes

On July 15, 2021, the IRS released an Exempt Organization Mandate that requires all Forms 990-EZ be filed electronically. The mandate is effective for filings for tax years that end July 31, 2021 (i.e., for tax years beginning August 1, 2020). Not sure what this means for your organization? Read on. What is Form 990-EZ? …

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At What Stage of the Nonprofit Lifecycle is Your Organization?

Understanding the nonprofit lifecycle is the key to identifying the transitional points that can be opportunities to expand an organization’s capacity to serve the community they set out to help.    Simply put, capacity is a nonprofit organization’s potential to effect meaningful change. Building capacity is necessary to accomplish an organization’s mission in a way …

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Arts Relief Grants Available April 8th

April 7, 2021 Posted by Kristen Anderson in COVID-19, Non-profits, Nonprofits, The Arts

Arts relief grants promised by the Consolidated Appropriations Act signed into law last December will be available on April 8th! The Small Business Administration announced that arts organizations will soon be able to apply for a Shuttered Venue Operators Grant (SVOG). The SVOG program will provide grants to theaters, museums and other performing arts producers …

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