Congress rolls back burdensome UBIT on transportation benefits By: David M. Reape A much-hated tax on not-for-profit organizations is on the way out. At the end of 2019, Congress repealed a provision of 2017’s Tax Cuts and Jobs Act (TCJA) that triggered […]
The Disaster Act Repeals “parking tax” for Tax Exempt Organizations By: David M. Reape Senate passed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (commonly referred to as the Disaster Act,) on Thursday, December 19th. The Disaster Act: Repeals the requirement of […]
How many directors does your nonprofit’s board need? By: Helen Weeber State law typically specifies the minimum number of directors a not-for-profit must have on its board. But so long as organizations fulfill that requirement, it’s up to them to determine […]
How nonprofits can take advantage of corporate volunteers By: Helen Weeber According to the Society for Human Resource Management, 47% of companies offer a community volunteer program for employees. Chief Executives for Corporate Purpose has found that large companies are even […]
How to protect your nonprofit’s credit cards from misuse By: Helen Weeber A hypothetical not-for-profit staffer named Britney had maxed out her personal credit cards. So when her car needed repairs, she reached for her employer’s card. She reasoned that she would […]
It’s about time: Don’t waste that of your board members By: Helen Weeber Most not-for-profit board members are unpaid volunteers. They’ve agreed to serve because they care about your mission and the impact your organization is making. You owe it to them to […]
Protect your nonprofit by cross-training staff By: Helen Weeber What would happen if one of your managers was suddenly forced to take long-term disability leave? Or an accounting staffer quit without notice? It’s possible that your not-for-profit’s work could […]
Buy or lease? Both can benefit nonprofits By: Helen Weeber If your not-for-profit owns its own facility, it likely will have more control of workspace than if you lease. However, ownership carries risks — and leasing can provide several advantages. […]
Fight fundraising obstacles with personal appeals By: Helen Weeber It’s no secret that this is a challenging time for charitable fundraising. In its annual Giving USA 2019 report, the Giving USA Foundation noted a decrease in individual and household […]
Avoid excess benefit transactions and keep your exempt status By: David M. Reape One of the worst things that can happen to a not-for-profit organization is to have its tax-exempt status revoked. Among other consequences, the nonprofit may lose credibility with supporters and […]
Protecting youth sports leagues from fraud By: Helen Weeber Who would defraud a kids’ organization? The answer, unfortunately, is that trusted adults sometimes steal from not-for-profits benefiting children. Youth sports leagues and teams, for example, are ripe for fraud. […]
A policy can help nonprofits look “gift horses” in the mouth By: Helen Weeber When you receive a personal gift from a friend or family member — even if it’s not something you particularly want — you accept the gift and thank the person. […]