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...
Forecasting Your Nonprofit’s Financial Future
Aug 05, 2024Have you seen the forecast? No, not the weather forecast — but your not-for-profit’s financial forecast. Financial forecasting is critical to any organi...
Insight Into Proposed Donor-Advised Fund Regulations
Jun 10, 2024The popularity of donor-advised funds (DAFs) is surging. According to the 2023 DAF Report issued by the National Philanthropic Trust (NPT), donors poured over $...
6 Potential Tax Deductions for Nonprofits
Apr 09, 2024In 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...
Help Staffers Boost Retirement Savings With a Roth 403(b) Plan
Mar 12, 2024For-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)...
7 Tasks For a Successful Nonprofit Finance Committee
Jan 29, 2024A nonprofit’s finance committee oversees and keeps its board of directors apprised of the organization’s overall financial health. This should be mo...
7 Fringe Benefits for Nonprofit Employers to Offer
Dec 02, 2023One of the biggest challenges facing not-for-profit organizations is finding and retaining top-quality talent. It’s hard enough to overcome the perception...
Don’t Jeopardize Your Nonprofit’s Tax-Exempt Status
Jul 12, 2023The 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 ...
Ins & Outs of Private Foundations
Jun 19, 2023The term “501(c)(3) organization” — which refers to the Internal Revenue Code section governing not-for-profit entities — often is used intercha...
Got a “Business” Idea? You Might Want to Form a Nonprofit
May 08, 2023Do 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...