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Featured Article
Preaching Politics – IRS Investigates Politicking Charges
March 25th, 2008
 The United Church of Christ is under fire from the Internal Revenue Service, which is investigating the political activities of the 1.2 million member church after Democratic presidential candidate Sen. Barack Obama was invited to give a speech last summer as part of its 50th-anniversary celebration. Under the IRS Revenue Ruling 2007-41, “organizations that are exempt from income tax under section 501(a) of the Internal Revenue Code as organizations described in section 501(c)(3) may not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office.”
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Featured Clients:
Nonprofits |
Gift of Giving
Our client, and a former CEO of a Fortune 500 Company, has formed a new foundation to give...read more
Bridging the Generation Gap
A client of the 123EZCorp, Dr. Gerald Newmark founded The Children's Project to educate parents and teachers about their children's emotional health. Their workshops are...read more
Homeless Nights, Homeless Rights
A client of ours, the Western Regional Advocacy Project was created to solve the systemic crisis of massive homelessness by creating public policies which...read more
Relief in Sight
Healthcare Alternatives is another client of ours and is a non profit organization which will provide the uninsured and underinsured with physical therapy services...read more
Viral Forecast
The Global Viral Forecasting Initiative is yet another client of ours and is a non profit organization which hopes to monitor viruses worldwide, specifically, viruses transmitted between...read more
A World Without Leashes
A client of ours, Buffalo Off Leash Area, Inc. is an organization that aims to create an Off Leash Recreational Area (Dog Park) on...read more
From Coast to Coast Guard
CGA Endowment is a client and a non-profit organization that works with the United States Coast Guard Auxiliary...read more
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Tips For Non Profits |
Recruiting Graduates
Most non profits rely on networking. Networking is a great way to recruit volunteers. But you might want to consider focusing on other targets...read more
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Links For Nonprofits |
Facts and Figures from the Nonprofit Almanac
The Urban Institute: Non Profit Reports and Links
Stay Exempt: Tax Basics for 501(c)(3) Organizations
Website for Charities & Other Non Profits
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IRS News |
IRS Form 990 Exceptions
Organizations with gross receipts of less than $100,000 and assets of less than $250,000 at the end of the year may file Form 990-EZ, Short Form Return of Organizations Exempt from Income Tax. In addition, certain governmental and church-affiliated organizations are not required to file returns. Finally, organizations whose annual gross receipts are normally less than $25,000 are not required to file an annual return, but may be required to file an annual electronic notice - e-Postcard - beginning in 2008.
The following organizations file another return in lieu of the Form 990:
Religious and apostolic organizations described in Code section 501(d) (Form 1065).
Confused, lazy, or simply too busy to file the Form 990? We offer Form 990 services so you can sit back and relax. You can apply for our Form 990 services right here or call us at (877) 553-1923.
The “Dirty Dozen” Tax Scams
The IRS issues a yearly list of the 12 most egregious tax schemes and scams, highlighted by Internet phishing scams and several frivolous tax arguments. One of these scams involves the misuse of tax-exempt...read more
An IRS Warning
The IRS has warned that a current version of a scam e-mail, which falsely claims to come from the IRS, appears to be directed toward certain tax-exempt organizations. The IRS reiterates that it will never send unsolicited, tax account related e-mails to taxpayers.
IRS Complaint Process for Tax Exempt Organizations
IRS recently released information about the complaint process for tax exempt organizations. This process is the formal way to report a tax-exempt organization to the IRS for alleged noncompliance with the tax law. The investigation is handled by the...read more |
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Nonprofit News |
IRS Concerns Over Charities That Avoid Federal Income Tax on Business Activities
Many charities are generating income through activities unrelated to their charitable purpose, such as...read more |
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In The News |
California lawmakers recently approved legislation to require big foundations to disclose a variety of information about the diversity of their leadership and grant making.
Important Information
Is my worker a Volunteer or an Employee?
The Fair Labor Standards Act (FLSA) defines volunteers as individuals who: (1) performs hours of service without promise, expectation, or receipt of compensation for services rendered; (2) offers services freely and without pressure or coercion; and (3) is not employed by the same public...read more
Announcements
New Approvals
We had a great month! Congratulations to F. R. O. D. O. (Foundation for the Relief of Disabled Orphans), CMUL Alumni Association...read more
Attention All New and Growing Businesses and Entrepreneurs
The Investors' Circle will be holding their 2008 Investors' Circle Spring Conference & Venture Fair for angel investors...read more
Strategic Relationship
Our firm has formed a strategic relationship with the Center For Non Profit Management which has been in existence...read more
Staff News
What Was Your First Book?
Two of our associates, Courtney Waggoner and Leila Stevens, are involved in a national Non Profit Organization called First Book. Courtney and Leila are...read more
"Road Trip from Hell"
Acclaimed television producer, Vin Di Bona, has paired up with co-writers Will Wilson, Joanne Moore and creator Andrew Stroscher to create a new 3-issue...read more
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