Pro Bono Partnership of Atlanta
Form 990 is the annual tax information return that 501(c)(3) tax-exempt organizations must file with the IRS each year. Even organizations that have not yet filed for 501(c)(3) status but intend to do so, or that have filed for 501(c)(3) status but have not yet received it, are required to file some version of the …
Updated August 27th 2024 Effective governance policies are crucial for every nonprofit, and a Conflict of Interest (COI) policy is especially important. Board directors and other key personnel in nonprofits are often busy with personal and business activities, which can lead to the board unintentionally failing to recognize potential conflicts of interest. Even with an existing …
Does your organization lobby for political change? You’re allowed, but there are limits. What is the difference between lobbying and advocacy? Protect your nonprofit status by getting to know these rules. By: Pro Bono Partnership of Atlanta
The IRS has made it clear that you should have a written conflict of interest policy and it’s a good idea for your organization. Learn how often they should be reporting and the additional compliance steps you need to take. Please note that in addition to the legal disclaimer above, this article contains information that …
The newly revised Form 990 now asks directly whether your organization has adopted a whistleblower policy. Learn how a written policy can benefit your board now, and save you pain and trouble later. Please note that in addition to the legal disclaimer above, this article contains information that is based, in whole or in part, …
Updated January 24, 2023 If your nonprofit is interested in hosting a bingo game, it is important to remember that Georgia gambling laws may apply. Read this article to learn about how to legally operate a bingo game as a fundraising event with a license from the Georgia Secretary of State and proper reporting and …
The IRS now asks for more information in the revised IRS Form 990 regarding in-kind donations like clothing, cars and boats. This alert covers those reporting requirements, and the acknowledgement changes that could affect your donors. Please note that in addition to the legal disclaimer above, this article contains information that is based, in whole …
In tough economic times lots of tax exempt organizations turn to alternative ways of raising money. But being creative may mean problems with the IRS. Learn the rules dealing with unrelated business income tax, debt-financed income and joint ventures with for-profits. Please note that in addition to the legal disclaimer above, this article contains information …
This is our own Georgia-specific source on best practices for corporate governance and compliance with the IRS guidelines for 501(c)(3) organizations, tax reporting and state filings. The best methods to keep your 501(c)(3) exemption. Staying Legal
Because you are a nonprofit the Internal Revenue Code puts limits on how much you pay your executives. Learn more here to avoid stepping over that line. Please note that in addition to the legal disclaimer above, this article contains information that is based, in whole or in part, on the laws of the District …
Did you know that your nonprofit status means that your organization is not allowed to participate in campaigns and certain political activities? Read about it here to avoid this common pitfall. Please note that in addition to the legal disclaimer above, this article contains information that is based, in whole or in part, on the …
The IRS prohibits every 501(c)(3) nonprofit from paying its officers, directors and other insiders too much for any goods or services they provide to the organization. Nonprofits that do not follow these rules, and any officer or director who approved an excess payment, may be subject to taxes, fines and other penalties. This article will …
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
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
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
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
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 …