Don’t Run Afoul of Private Inurement Rules

Most not-for-profit executives are aware of the prohibition against private inurement. Generally, nonprofit directors and executives — and their family members — aren't allowed to personally benefit from their positions while putting their organization at Read More

Kirsch CPA Group

Aug 04, 2021

Danger! How Nonprofits Often Lose Their Tax-Exempt Status

With all the legal hoops involved, it can be difficult for a not-for-profit to secure its tax-exempt status. The last thing you want after gaining this critical designation is to lose it. In the current Read More

Kirsch CPA Group

Jun 24, 2021

How to Approach Succession Planning

Does your organization have a succession plan in place? And, if it does, is it well documented? Some not-for-profits delay detailed succession planning, thinking of it as a project they'll get to "someday." But that's Read More

Kirsch CPA Group

May 27, 2021

How Your Nonprofit Can Act on 2021’s Biggest Trends

What can not-for-profit organizations expect in 2021 and beyond? One recent report, "11 Trends in Philanthropy for 2021," offers some answers. Produced by the Dorothy A. Johnson Center for Philanthropy at Grand Valley State University (Grand Read More

Kirsch CPA Group

Mar 04, 2021

Nonprofits Need to Educate Donors About New Tax Benefits

The Consolidated Appropriations Act (CAA) enacted in December 2020 extends and modifies several key tax provisions originally included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act provided several forms of Read More

Kirsch CPA Group

Feb 04, 2021

When Should Not-for-Profit Organizations Return Donations?

A donor makes a cash contribution to a nonprofit community health organization. The donor itemizes income tax deductions and meets the IRS's substantiation requirements. So he's entitled to take a deduction for the donation. The Read More

Kirsch CPA Group

Jan 07, 2021

Find a Corporate Partner for Your Not-for-Profit Organization

Practically every not-for-profit you encounter is stretched thin and could use more workers to help raise funds and conduct other activities furthering its mission. But you can't always hire more workers in this budget-conscious environment Read More

Kirsch CPA Group

Feb 07, 2020