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A Beginner’s Guide to Filing a Form 990 for Your Nonprofit Organization
For nonprofit organizations, filing a Form 990 can be overwhelming and confusing, especially if it’s your first time. In this article, we will discuss everything you need to know about filing a Form 990, including six steps to take before, during, and after transmitting your form to the IRS.
How Nonprofits Can Benefit from Embracing ESG Practices
By expanding ESG efforts and communicating them effectively, nonprofits can engage new audiences and achieve greater impact. This article discusses how nonprofits can document and communicate their ESG impact and provides five steps to get started.
Discussion Corner: Accounting Rules for Silent Auctions from Donated Articles?
Dear Blue Avocado, I have organized silent auctions for a nonprofit senior center for years. Donors used to drop off an item and receive a receipt from the center. The donor listed the donation and the value on this receipt, which they us …
Do Nonprofits Pay Taxes? Do Nonprofit Employees Pay Taxes?
We often get questions from our readers about whether a nonprofit organization must pay taxes, or whether individuals working at a nonprofit must pay taxes. While there are lots of details to get into depending on the situation, here’s a summary about …
IRS Tax Form 990 [Deadline Extended]: How to File It, When to File It, and Why It’s So Important
For nonrpfits, filing tax form 990 is key to retaining tax-exempt status. Here are the key features of tax form 990 and how to file it.
What Happened to My Annual Appeal? The Effect of the 2018 Tax Overall on Nonprofit Donations and the Rise of DAFs
With the holidays behind us and budget planning around the corner, it’s a good time to reexamine the effectiveness of the organization’s revenue sources, including the end of year appeal. Traditionally, the holidays at end-of-year is the time many dono …
Your IRS Form 990 Questions Answered
Information about Form 990 and your nonprofit filings. Hopefully this will keep your fiscal year-end stresses at bay!
The Nonprofit Student Debt Conundrum
At first glance, nonprofits and millennials seem like a match made in heaven. Despite often being judged by our peers, our so-called “entitled” generation puts our desire for positive change above almost all else, seeking jobs that allow us to both do …
How to Work With Your Banker Amidst Change
A nonprofit borrower that starts to struggle can fall quickly from an acceptable risk to an unacceptable risk.
A Board Member’s Guide to Nonprofit Overhead
Calculating overhead rates and managing overhead expense are important staff roles. Board members are not required to know how do staff accounting work, but we do need to bring an informed perspective to our oversight: Harvard’s indirect cost ra …