Private Inurement
Private inurement (using charity’s income or assets for personal use) is prohibited by the IRS. Learn more about this important restriction and suggestions on how to protect your 501(c)(3) status. Private Inurement
Resources
[searchandfilter id="19093"]
Compliance Guide for 501(c)(3) Public Charities
Even if your organization already has its 501(c)(3) status, the IRS can still take it away unless you do the right things. This guide covers activities that may jeopardize a charity’s exempt status, tax returns or notices that must be filed, recordkeeping, changes to be reported to the IRS, required public disclosures and resources for …
State Income Tax Exemption for 501(c)(3) Organizations
Your 501(c)(3) tax-exempt status only applies to Federal income taxes. It doesn’t make you automatically exempt from State of Georgia income taxes. Find out how to make sure you are covered. State Income Tax Ememptions
Tax on Unrelated Business Income – IRS Publication 598
Does your organization generate income from activities, including fundraising, that are not directly related to the basis of the organization’s exemption? The IRS has special rules for tax on that income that you need to know. Tax on Unrelated Business Income
Taxes for Tax-Exempt Organizations
Even though you are a “tax-exempt” organization, there are still taxes you have to pay. This article and chart tell you what taxes may apply to your organization. Taxes for Tax Exempt Organizations
Form 1023
Updated June 2023 Form 1023 or Form 1023-EZ is the application an organization uses for the IRS to issue a determination letter or ruling letter that recognizes an organization’s exemption from federal income tax. Form 1023 Form 1023-EZ
IRS Guide to Applying for 501(c)(3) Tax-Exempt Status
Are you interested in Applying for 501(c)(3) Tax Exempt Status? This informative booklet from the IRS answers questions such as why you should apply, who’s eligible, how to get started, and what responsibilities come with the status. 501c3 Tax Status
BoardSource Guide to Starting a Nonprofit Organization
Is a nonprofit organization really right for you? This publication will walk you though the questions you should be asking yourself early in the process. From your reasons and incentives at the beginning, through the basic steps to structure your organization, this will help you to make some good decisions and choices before you get …
Can Your Board of Directors Vote by Email?
Your board needs to vote to approve a major contract but the next board meeting is in two months. Can the board vote by email or another electronic means? Under Georgia law, a board can take action without a meeting (including by taking an electronic vote) provided that all of the directors consent by voting …
Confused about COBRA? Understanding Federal & State Continuation of Health Insurance Coverage
What are your obligations as an employer when it comes to providing health insurance coverage to former employees? This article will help you understand the requirements under Federal law (COBRA) and Georgia law. Find out whether your nonprofit is governed by COBRA or state continuation coverage and determine whether you have to offer coverage and …
Required Filings for Nonprofit Organizations
Once you get your 501(c)(3) status from the IRS, your paperwork has just begun! Federal, state and some local governments require that you file additional forms; some filings are one-time-only and others are required on a regular basis. Our new guide will help you determine whether you are current on the filings usually required of …
Child Abuse Reporting in Georgia
When working with children, nonprofit employees and volunteers should always be mindful of the possibility that a child has been or is currently being abused. Anyone who suspects child abuse is encouraged to report such abuse to the authorities, but did you know that certain individuals are required by law to do so? If you …
Webcast: Surviving by Combining
The economy has hit nonprofits hard with more people to serve and less money with which to serve. In some cases, the best option may be for nonprofits to combine. During this one hour webcast, our speakers help nonprofits understand: The different ways to combine nonprofits The steps for combining nonprofits The advantages and disadvantages …
Guidance on Workers’ Compensation and Other Legal Challenges Available on Our Website
No nonprofit leader wants to get the news that an employee has been injured on the job. Your first reaction is concern for the health and well-being of the employee. But you must also consider the implications of the injury on the organization as a whole. Can the nonprofit be sued for the injury? Who …
Frequently Asked Questions About Form 990
For organizations that operate on a December 31 year end, it’s time to start thinking about filing your annual return with the IRS. Organizations that have received 501(c)(3) status from the IRS are required to file returns with the IRS every year. Which annual return or notice must be filed generally depends on the economic …
Webcast: Nonprofit Chapters or Affiliates: Is Expansion Right for You?
Many nonprofits want to expand beyond the “home office” by setting up chapters or affiliates in other cities. First, a nonprofit should consider whether expansion is a good idea for the organization. Next, a nonprofit should determine what options for expansion work for it. During this one hour webcast, our speaker: Identifies the various issues …
Unique Unemployment Insurance Option Available Only For Nonprofits
Unemployment is on everyone’s minds these days. As a nonprofit employer, you should be aware of your organization’s obligations with respect to paying unemployment. Although 501(c)(3) nonprofit organizations in Georgia are exempt from federal unemployment taxes (FUTA) they may still be responsible for paying state unemployment taxes. Nonprofit organizations are responsible for unemployment insurance coverage …
Webcast: Tough Economic Times, Part 2
During last month’s Questions to Consider in Tough Economic Times webcast, John Mills discussed options for nonprofits facing financial challenges with a focus on decreasing expenses and increasing revenue. If you haven’t watched it already, you can view this very helpful presentation here. In this webcast, Mr. Mills turns to nonprofits that are facing possible …
Webcast: Tough Economic Times, Part 1
In addition to reduced donations from individual and corporate donors, now many nonprofits are facing reduced federal and state grant money. As a result, it is critical that nonprofits stay on top of their finances by asking the right questions and addressing these issues head on. During this one hour webcast, John Mills identifies the …
Correctly Classifying Executive Directors
Does your nonprofit treat its executive director as an independent contractor? Most, if not all, of the time this is not the correct classification for an executive director and the consequences of the misclassification could be devastating to your nonprofit. Generally, executive directors are considered employees by the Internal Revenue Service as they are officers …
Webcast: Unrelated Business Income
Nonprofits are exploring new ways to bring income to their organizations. Some of these income ideas may generate unrelated business income which may be taxable. During this one hour webcast, our speakers: Define unrelated business income. Identify the risks of generating unrelated business income. Discuss the exceptions and exemptions to unrelated business income. Presenters: Robyn …
Webcast: Fiscal Sponsorship for Nonprofits
What is a fiscal sponsor? Does your organization need one? Have you been asked to become a fiscal sponsor? During this one hour webinar, our speaker discusses this arrangement under which a charitable project without 501(c)(3) status might benefit from the tax-exempt status and administrative support of a sponsoring organization, including: The pros and cons …
Tax-Exempt Tradeoffs
Recently, while sitting in the office of the executive director of one of our nonprofit clients, I noticed a plaque on the wall that read: “Dear IRS: I would like to cancel my subscription. Please remove my name from your mailing list.” Of course anyone that has ever completed a tax return can appreciate the …
Webcast: Truths & Myths about Trademarks & Copyrights
Nonprofits invest a lot of sweat equity into building their “brand” and developing their training or educational materials. As a result, many nonprofits want to protect their name and materials. During this one hour webinar, our speaker helps nonprofits understand: What are federal and state trademarks and when they are useful Issues associated with the …