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Nonprofit
Nonprofit restructuring has become easier, but not without challenges
A few years ago, IRS Revenue Procedure 2018-15 changed the rules regarding not-for-profit restructuring.
Nonprofits shouldn’t venture abroad without a map
Budgetary shortfalls may have your not-for-profit looking for new sources of support. If those sources are international, be careful.
Keep nonprofit board meetings short and sweet
Whether your not-for-profit is continuing to hold videoconference board meetings or is back to in-person gatherings, you don’t want to waste members’ time.
Associations should prioritize common interests, not individual services
Watch out, nonprofit trade associations! If your group is a 501(c)(6) organization, your activities could potentially threaten your tax-exempt status.
Even nonprofits can benefit from AI technology
You might think that artificial intelligence (AI) is just about using computers to perform complex tasks that otherwise would require human intelligence.
Give your staffers a break with an accountable plan
Accountable plans reimburse employees for work-related expenses free of federal income and employment taxes.
Your nonprofit may have an internal controls gap
The typical defrauded not-for-profit loses $75,000 per fraud incident, according to the Association of Certified Fraud Examiners.
Put some muscle behind your nonprofit’s capacity-building effort
Economic instability caused by the pandemic may have your nonprofit scrambling to find funding.
Reaping the benefits of cause marketing
Starbucks, Nike, Pepsi, Uber and scores of other major companies regularly use cause marketing to burnish their image and reach customers.
5 ways nonprofits can prepare for an audit
No not-for-profit looks forward to annual audits. But regular maintenance and preparation specific to an impending audit can make the process less disruptive.
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