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Nonprofit Compliance

When Should I Incorporate My Nonprofit?

When Should I Incorporate My Nonprofit?

When Should I Incorporate My Nonprofit?

James Gilmer
Posted on July 21, 2014, by James Gilmer in Nonprofit Compliance.

As you plan your organization, you need to know when to incorporate the¬†nonprofit. The decision has two factors: whether you should register as a nonprofit corporation in your state, and when, between concept and execution, to start with government … Read more

UPDATE: New IRS Form 1023-EZ

UPDATE: New IRS Form 1023-EZ

UPDATE: New IRS Form 1023-EZ

James Gilmer
Posted on July 17, 2014, by James Gilmer in Industry News, Nonprofit Compliance.

On July 1, 2014, IRS Form 1023-EZ was released, give nonprofits a new way of applying for federal tax exemption under 501(c)(3).

At the time of the¬†announcement, there was much uncertainty about the effectiveness and desired outcomes of this … Read more

New 1023-EZ Form: the Good, the Bad, and the Ugly

New 1023-EZ Form: the Good, the Bad, and the Ugly

New 1023-EZ Form: the Good, the Bad, and the Ugly

James Gilmer
Posted on July 2, 2014, by James Gilmer in Industry News, Nonprofit Compliance.

If you are or will be filing for 501(c)(3) tax exemption, heads up!

On July 1, the IRS released the much anticipated and hotly debated Form 1023-EZ, which simplifies the process of obtaining 501(c)(3) tax exemption.

The form is three … Read more

New State Forms for New York Nonprofits

New State Forms for New York Nonprofits

New State Forms for New York Nonprofits

James Gilmer
Posted on July 1, 2014, by James Gilmer in Industry News, Nonprofit Compliance.

On July 1, 2014, the New York Nonprofit Revitalization Act took effect, and there is a new series of NY nonprofit forms to be filed.

If you try to file using the old forms, your filing will be rejected, causing … Read more

NY Nonprofit Revitalization Act: Governance Requirements for Large Organizations

NY Nonprofit Revitalization Act: Governance Requirements for Large Organizations

NY Nonprofit Revitalization Act: Governance Requirements for Large Organizations

James Gilmer
Posted on June 26, 2014, by James Gilmer in Industry News, Nonprofit Compliance.

At the end of 2013, New York signed into law the Nonprofit Revitalization Act (NPRA), which is designed to reform the statutory governance requirements for nonprofit organizations. This is one of the most sweeping pieces of nonprofit legislation in recent … Read more

NY Nonprofit Revitalization Act: New Financial Reporting Rules

NY Nonprofit Revitalization Act: New Financial Reporting Rules

NY Nonprofit Revitalization Act: New Financial Reporting Rules

James Gilmer
Posted on June 26, 2014, by James Gilmer in Industry News, Nonprofit Compliance.

New York has a new series of financial reporting rules under the Nonprofit Revitalization Act (NPRA). This law took effect July 1, 2014, and affects nearly every nonprofit organization in the state.

My previous post discussed the governance requirements affecting … Read more

How NY’s Nonprofit Revitalization Act Affects Your Organization

How NY’s Nonprofit Revitalization Act Affects Your Organization

How NY’s Nonprofit Revitalization Act Affects Your Organization

James Gilmer
Posted on June 25, 2014, by James Gilmer in Industry News, Nonprofit Compliance.

At the end of 2013, New York signed into law the Nonprofit Revitalization Act (NPRA), which is designed to reform the statutory governance requirements for nonprofit organizations. This is one of the most sweeping pieces of nonprofit legislation in recent … Read more

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