July 28, 2009, Examiner.com — There are many types of organizations in the business world from for-profit to nonprofit. There are also various types of tax exempt organizations. If you have applied for and have been granted 501(c) 3 status, it’s important that your organization take the appropriate steps to preserve its status.
What do a nonprofit organization that helps low-income families and a used-car lot have in common? In most cases, not much.
June 1, 2009, The Chronicle of Philanthropy — The Internal Revenue Service has released the third in a series of tips to help nonprofit organizations prepare their Form 990 informational tax return, the primary document that groups file each year.
May 21 2009, Independent.ie — While most sectors of the economy are suffering a downturn in sales of products and services, Irish charities are experiencing a significant surge in demand.
May 20, 2009, The Chronicle of Philanthropy — President Obama did not include money in his fiscal 2010 budget proposal for a program to provide grants to help small and medium-size charities get training and management help that was authorized by a new national-service bill.
May 19, 2009, The Chronicle of Philanthropy — The two top members of the Senate Finance Committee have released what they call policy options for revamping the nation’s health-care system that include a change in how the tax-exempt status of nonprofit hospitals would be handled under federal law.
May 1, 2009, Governing — Winter Haven, Florida, imposes an accident- response fee—for services rendered when police officers and firefighters ride to the rescue. Wisconsin triples the price of its elk-hunting license—even though there aren't enough elk to warrant an elk-hunting season. Localities in Virginia win approval to increase the amount inmates pay for the privilege of being jailed—from a maximum of $1 per day to new limit of $5 per day.
April 29, 2009, The Chronicle of Philanthropy — The Internal Revenue Service has released an updated plan for the next several years that pledges a continuation of “focused oversight of the tax-exempt sector.”
NEW YORK, NY, April 29, 2009 — Officers signing their non-profits' radically revised IRS Form 990 this year may want to read the small print on risking perjury by making false statements about filing at the state level for fund-raising and other activities, according to Martignetti Planned Giving Advisors, LLC, a New York-based consultancy group that advises non-profits.
ARLINGTON, Va., April 28, 2009 — Challenged with rising demand, rising costs, and declining revenue, many not-for-profits are now consolidating with other not-for-profits in an attempt to survive and emerge as stronger, more cost-effective organizations. BNA's latest analysis, Accounting for Combinations of Not-for-Profit Organizations examines mergers and acquisitions between not-for-profit organizations and explains, in detail, two methods of accounting for these strategic changes.
