Several not-for-profit developments emerged during the first part of the year that should be on your organization’s radar: An industry merger could make financial reporting and presentation more important than ever; a not-for-profit employment survey provides a closer look at how the not-for-profit economy is faring; and we have the first indications of tax reform’s impact on charitable giving. The following three stories from the first of the year may affect your 2019 strategic planning.
Topics: not-for-profit, nonprofit, GuideStar, charitable giving, mergers and acquisition, nonprofit merger, employment survey
With the May 15th due date for calendar year not-for-profits just around the corner and provisions inthe Tax Cuts and Jobs Act increasing scrutiny on not-for-profits’ executive compensation, employee benefits, and unrelated business income, it’s a good time to take a look at the message your organization’s tax return is sending. In years past, the IRS Form 990 was no more than a compliance task; an annual filing requirement to keep the IRS at bay. After all, there is no tax due, so what’s the big deal?
Topics: tax-exempt, not-for-profit, IRS, Form 990, Form 990-EZ, NFP, Charity Navigator, GuideStar, tax effect, Amazon Web Services, Lisa Burke
We live in the information age, and for not-for-profit organizations, that can mean broader exposure for your mission, activities and your ultimate asset—goodwill.
Considerable information about not-for-profit organizations is available online, from digitized IRS Form 990 information to mission statements. Exposure to a broader audience comes with its upsides, but it also means that not-for-profit organizations have more information to manage than in years past. Reviewing the types of information available helps ensure what the public can see online reflects your organization’s objectives.
Topics: goodwill, not-for-profit, Form 990, Joe Giso, NFP, nonprofit, copyright, trademarks, Charity Navigator, information age, public facing data, GuideStar