Resources
Rewarding Risks: The Prodigious Power of Volunteers
By Christy Grano It’s National Volunteer Week, an opportunity to celebrate the contributions of volunteers and the indelible impact that volunteer service makes on communities across our country. In the promotional materials for National Volunteer Week, the Points of Light Foundation reminds us that: “Whether online, at the office, or the local food bank; whether with a vote, a … Continued
Managing UBIT (Unrelated Business Income Tax) Risk
Presenter: Don Kramer, Counsel, and Chair of Montgomery McCracken’s Nonprofit practice group Diversifying an organization’s revenue sources is key to financial sustainability. A growing number of nonprofits are achieving this goal by starting income-producing ventures or product lines. But such efforts can expose a nonprofit to serious legal, as well as economic, risks. This webinar explores … Continued
Risk and Reward: Protecting Your Tax Exempt Status
This webinar will explore strategies for protecting your nonprofit’s tax-exempt status. Critical topics that will be covered include: the importance of key governance policies, making sure that your nonprofit generates the right” kind of revenue, managing joint ventures and other revenue-generating programs to minimize exemption and UBIT risks, and steering clear of “deal breakers,” including … Continued
The New 990: Friend or Foe? What You Need to Know to Prepare Your Organization and the Board for the Road Ahead
The IRS released the new Form 990 on December 20th, 2007. The new form will be required beginning in 2009. This Webinar will give your organization’s staff and board members a head start in preparing for the significant reporting changes required by the new IRS Form 990, and provide background on policy and procedural changes … Continued
Classification Conundrum
Updated: September 24, 2019 by Melanie Lockwood Herman Avoiding Potentially Costly Employee Classification Errors Across the country, many nonprofit leaders struggle with the question of whether or not they have properly classified their staff members as either “exempt” or “non-exempt” workers. The Department of Labor’s Fair Labor Standards Act (FLSA) can often be confusing, and … Continued
The Nonprofit Sector’s Dirty Secret
September 2, 2015 By Melanie Lockwood Herman Friday, September 4th is the deadline to submit written comments on the Notice of Proposed Rulemaking (NPRM) regarding changes to the regulations defining which white-collar workers are protected by the minimum wage and overtime standards in the Fair Labor Standards Act. As of this writing, more than 145,000 … Continued