Worried About an Audit? 7 Form 990 Points to Consider

Sep 10, 2024 Kirsch CPA Group

The IRS can initiate an audit of your nonprofit organization for any number of reasons. But one of the most common is a red flag sent up by your annual filing o...

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Forecasting Your Nonprofit’s Financial Future

Aug 05, 2024 Kirsch CPA Group

Have you seen the forecast? No, not the weather forecast — but your not-for-profit’s financial forecast. Financial forecasting is critical to any organi...

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Insight Into Proposed Donor-Advised Fund Regulations

Jun 10, 2024 Kirsch CPA Group

The popularity of donor-advised funds (DAFs) is surging. According to the 2023 DAF Report issued by the National Philanthropic Trust (NPT), donors poured over $...

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6 Potential Tax Deductions for Nonprofits

Apr 09, 2024 Kirsch CPA Group

In general, organizations that qualify under Section 501(c)(3) of the tax code are exempt from paying federal income tax. However, some not-for-profits may seek...

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Help Staffers Boost Retirement Savings With a Roth 403(b) Plan

Mar 12, 2024 Kirsch CPA Group

For-profit businesses with 401(k) retirement plans can offer Roth 401(k) plans to their employees. Likewise, not-for-profits can add a Roth feature. Roth 403(b)...

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7 Tasks For a Successful Nonprofit Finance Committee

Jan 29, 2024 Kirsch CPA Group

A nonprofit’s finance committee oversees and keeps its board of directors apprised of the organization’s overall financial health. This should be mo...

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7 Fringe Benefits for Nonprofit Employers to Offer

Dec 02, 2023 Kirsch CPA Group

One of the biggest challenges facing not-for-profit organizations is finding and retaining top-quality talent. It’s hard enough to overcome the perception...

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Don’t Jeopardize Your Nonprofit’s Tax-Exempt Status

Jul 12, 2023 Kirsch CPA Group

The tax-exempt status of a 501(c)(3) organization is its lifeblood. Without it, most not-for-profits couldn’t obtain the financial and other support they ...

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Ins & Outs of Private Foundations

Jun 19, 2023 Kirsch CPA Group

The term “501(c)(3) organization” — which refers to the Internal Revenue Code section governing not-for-profit entities — often is used intercha...

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Got a “Business” Idea? You Might Want to Form a Nonprofit

May 08, 2023 Kirsch CPA Group

Do you have an idea for a new venture with social benefits or environmental applications? You can set up as a for-profit entity — such as a C corporation, S c...

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