Ever wonder what the IRS Subsection codes stand for? Below is a list of the codes and what they stand for. Most, if not all, of the information provided on this site concerns subsection 501 (C)3 but the information I provide is so basic that every type of organization whether non-profit, for profit and any […]
IRS Subsection Codes Read More »
Allocating Expenses Expenses are allocated to show the total cost of operating your program(s) that include activities, services, and projects related to a specific program. It is very important for the Executive Director, Board of Directors and other agency management to know the total costs of running the program so all can see how the
Fund Accounting Non-Profit Expenses Read More »
As noted in our post “Board of Directors Responsibilities” being a Board Member is a very integral component of the executive order in the non-profit and should not be taken lightly. The full participation of an active and qualified board will help to ensure the organization is in compliance and that the organization is prepared
Basic Responsibilities of Nonprofit Boards Read More »
Learn more about Non-Profit Accounting at From churches to youth organizations to the local chambers of commerce, nonprofit organizations make our communities more livable places. Unlike for-profit businesses that exist to generate profits for their owners, nonprofit organizations exist to pursue missions that address the needs of society. Nonprofit organizations serve in a variety of
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Ongoing Compliance Jeopardizing Exemption Inurement/Private Benefit A section 501(c)(3) organization must not be organized or operated for the benefit of private interests, such as the creator or the creator’s family, shareholders of the organization, other designated individuals, or persons controlled directly or indirectly by such private interests. No part of the net earnings of a
Life Cycle of a Public Charity Read More »
I thought this to be a very helpful article from Non-Profit Quarterly for both start-up Non-Profits and established Non-Profit Organization. I hope you find some very useful information here that will give guidance to Executive Directors, Board of Directors and anyone in a management postion at your organization. M. Letha Daniels There is nothing like
Self-Coaching Strategies for Nonprofit Leaders Read More »
New research data on employment, wages, and establishments – February 2016 – BLS recently developed research data on nonprofit organizations, including employment, wages, and the number of establishments. These new data provide insights into this important segment of the U.S. economy. Nonprofit employment, total annual wages, and the number of establishments grew steadily each year
Non-Profits In America Read More »
The IRS publishes a list of organizations that have had their federal tax-exempt status automatically revoked for failing to file an annual information return or notice with the IRS for three consecutive years. This Automatic Revocation of Exemption List may be viewed and searched on Exempt Organizations Select Check (EO Select Check). The list gives
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You will be able to manage, prepare and maintain fund balance reports manually or with a computerized accounting system. Prepare for A-133 audit requirements of some non-profit organizations depending on size of federal funding, and prepare and support grant fund allocations for funding sources. You will also learn to provide fund reports to management, auditors,
Why you need this book Read More »
Did you know that not all Non-profits and Charitable Organizations are Tax Exempt. To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition,
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