The IRS has issued final regulations addressing payout amounts for Type III non-functionally integrated supporting organizations. These regulations close the loop…
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Tax-Exempt Status and Compliance
Advocacy and a Good Story Lead to Social Enterprise Success with the IRS
Visitors to downtown Boulder have likely seen Ramble on Pearl, a retail boutique which offers customers access to premium quality…
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Jolie’s Board Departure Sparks Debate on Related-Party Transactions
Just this week, it was reported that Angelina Jolie stepped down from a nonprofit board due to her disagreement with payments…
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Push for Electronic Filing, Readability of 990s Picking Up Steam
An Internal Revenue Service advisory panel recently pressed the agency to require all nonprofits to file their requisite Form 990…
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Mission, Program Investing Targeted as Tool in Climate Change Arena
Last week, the White House hosted a Clean Energy Investment Summit where Vice President Joe Biden highlighted more than $4…
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Operating a 501(c)(3) Charity Requires the Right Type of Purpose
To qualify as exempt under section 501(c)(3), an organization needs to be organized and operated for qualifying purposes. These purposes…
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Supporting Organizations Face More Reporting on 2014 Form 990
This year, as supporting organizations gear up for the May 15 Form 990 filing due date, they may need to…
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Game Over? NFL Gives Up Tax-Exempt 501(c)(6) Status
The National Football League is voluntarily becoming a taxable entity, following several years of scrutiny and legislative attempts to revoke…
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Shorter Not Always Sweeter: IRS Facing Some Backlash over Form 1023-EZ
A New York Times article last week focused on criticism the IRS is facing over the streamlined Form 1023-EZ, which allows…
READ MORE Requirement for New Form 1023 Eliminated in Some Reorganization Circumstances
In the world of nonprofits, it’s not unusual to start with one entity form and want to change to another…
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