Nonprofit Compliance

Posted on April 17, 2015, by Harbor Compliance in Industry News, Nonprofit Compliance.

Important Compliance Deadline for Nonprofits: Form 990 is due on 5/15/2015

For nonprofits on a calendar tax year, your annual 990 filing is due May 15, 2015. This applies to most nonprofits.

Organizations not on a calendar tax … Read more

Posted on April 15, 2015, by Harbor Compliance in Nonprofit Compliance.

Last week, we shared an update from the IRS on Form 1023-EZ, which has streamlined approval of 501(c)(3) applications. Using the new form, nonprofits typically receive a determination letter in less than 30 days, sometimes as little as two weeks.… Read more

Posted on April 6, 2015, by Harbor Compliance in Industry News, Nonprofit Compliance.

In July 2014, the IRS released Form 1023-EZ in an attempt to reduce a backlog of over 50,000 applications. Upon the form’s debut, there were a lot of questions regarding the form’s effectiveness, how long it would take, etc. Nine months … Read more

Posted on March 3, 2015, by Harbor Compliance in Business Compliance, Nonprofit Compliance, Registered Agent.

You’ve heard the saying, “Nothing in life is free,” haven’t you?

Many registered agent companies offer “free registered agent service” as part of their marketing strategies, or worse, entice you to sign up for cheap service, and really sock you … Read more

Posted on February 2, 2015, by Harbor Compliance in Industry News, Nonprofit Compliance.

This week, Pennsylvania legislators are voting on an initiative that would change Pennsylvania’s state constitution. And, it has to do with nonprofit property tax exemption – how exciting!

The piece of legislation, called Senate Bill 4, was introduced by local … Read more

Posted on December 19, 2014, by Harbor Compliance in Nonprofit Compliance.

Today, I’ll be discussing the challenge of choosing a nonprofit board of directors. The board of directors is the governing body of the nonprofit organization. This means the board sets the direction of the organization, makes most crucial decisions, and … Read more

Posted on November 19, 2014, by Harbor Compliance in Nonprofit Compliance.

In my previous post, I discussed end of the year compliance activities for small businesses. Running a nonprofit is a different animal altogether. Typically, nonprofit organizations have many more ongoing responsibilities.

Failure to keep up with compliance activities can … Read more

Posted on October 17, 2014, by Harbor Compliance in Nonprofit Compliance.

After months of preparation and waiting, you finally receive your IRS Determination Letter! That means the startup process is over, right?

Sadly, no.

A “determination letter” is official confirmation from the IRS that your 501(c)(3) application has been approved.

With … Read more

Posted on October 7, 2014, by Harbor Compliance in Fundraising and Grants, Nonprofit Compliance.

Online fundraising is a tremendous opportunity for nonprofits of all sizes. These days, any organization with a website can woo donors and compete for scarce funding, wherever it may be hiding.

However, some organizations are just plain better at it. … Read more

Posted on September 9, 2014, by Harbor Compliance in Nonprofit Compliance.

Perhaps the most exciting thing the IRS has ever done, the release of Form 1023-EZ has made applying for, and obtaining, 501c3 tax exempt status a relative breeze.

In our blog coverage, and if you speak with us, we’ll … Read more