CATEGORY

Charitable Deductions – Date of Gift Rules

The date of gift rules can be convoluted, but they are important for 501(c)(3)s to understand. 501(c)(3)s must provide receipts to donors, which include the date on which the contribution was received. Having a healthy grasp of these rules will help facilitate donor acknowledgments and ease the burden of frantic donors requesting information come year-end. 

Read More »

Blockchain Applications in the Nonprofit Sector: Part I – Introduction to Blockchain

Blockchain technology has disrupted the way we think about many industries. One major sector that has gone overlooked is the nonprofits industry. Unbeknownst to many, the nonprofit sector is a significant player in the American economy. The United States is home to nearly one and a half million nonprofit organizations, employing more people than the construction, finance, and transportation industries.

Read More »
Public Inspection
IRS

Public Inspection  – Exempt Organization Tax Records 

Tax-exempt organizations must allow timely public inspection of their last three annual information returns and their exemption application or risk steep penalties. Many nonprofits are caught off guard when they receive their first request. Below is a summary of what must be provided and when and what may be withheld.

Read More »
Scroll to Top
FREE DOWNLOAD

How to Start a Non-Profit Organization

Download our free guide to learn about the many elements needed to run a successful nonprofit organization, as well as how to avoid common pitfalls and mistakes.