It seems like the hits just keep on coming. First it was the Form 990-N rule changes that will cost a yet-to-be-determined number of nonprofits their tax exemption. Now organizations are waking up to the news that the controversial new…
What a mess! Now that May 17, 2010 has come and gone, we are waiting to see just how many 501(c) organizations around the country have lost their tax exemptions. For those of you who have been keeping up, you…
Doomsday is coming…May 18, 2010 to be exact. No, it has nothing to do with the Mayan calendar ending (that’s 2012!). May 18 is the day that nearly 1/4 of all US nonprofits find that the IRS has automatically revoked…
Given the sheer number of clients we work with, we rarely highlight specific ones or their needs. The devastation caused by the earthquake in Haiti is almost beyond imagination. Below is a list of Foundation Group clients that work in…
In case you missed our blog about this story earlier in the year, the nanny-state strikes again. Back in January, we told you about a new consumer “protection” law, the Consumer Product Safety Improvement Act, that was going into effect…
The Association of Community Organizations for Reform Now, aka ACORN, was, until the past year, a relatively unknown organization to most Americans. Founded in 1970 and based in New Orleans, Louisiana, ACORN’s most visible face is that of a 501(c)(3)…
The headline for this article is not really “new” news. The Internal Revenue Service has been stepping up enforcement of its regulations governing nonprofits for several years now. Those who have been keeping up with the changes to the Form…
If there is one constant in life, it’s change. And most people don’t do “change” very well…even the IRS! The new 2008 Form 990 is a complete, top-to-bottom overhaul of the form (as we’ve discussed in previous posts). As we…
On January 24, 2009, National Heritage Foundation filed for Chapter 11 bankruptcy protection in federal court. Is this the end for NHF? Read the Forbes story here National Heritage Foundation, NHF, was founded by J. T. “Dock” Houk as a…
For the first time since 1979, the IRS has completely overhauled the Form 990 – Return of Organization Exempt From Income Tax. And boy, is it a doozy! This time, they weren’t fooling around. “So what’s new?,” you ask. Literally…