Our New Website Is Finally Launched
It’s been a long time coming, but our new and improved website has finally launched! There is no denying that our website has been a key factor in our growth over the years. Let’s be honest: For us, our web…
IRS Releases Guidance for Tax Exemption Reinstatement
As you are likely aware, the IRS finally released its long-delayed Nonfiler Revocation List last week. On it were the names of 275,000 nonprofits that had their 501(c) status revoked (see previous post). There has been some confusion and some…
275,000 Nonprofits Lose Tax Exempt Status
Well, it’s official. We’ve known this day was coming since the Pension Protection Act was passed into law in almost 5 years ago. On the afternoon of June 8, 2011, the IRS released the initial list of nonprofits that have…
Results From Our Email Survey
Approximately 30,000 people were invited to participate in a survey designed to evaluate topics for online learning through Foundation Group. We asked questions about your level of interest in topics to help your nonprofit succeed. We also asked questions about your specific…
Obama Targets Charitable Giving Tax Deduction
In the seemingly never-ending budget battle on Capitol Hill, President Obama and his team are once again targeting the tax-deductibility of charitable donations. Check out the following article, then let us know what you think… https://thehill.com/blogs/on-the-money/domestic-taxes/152027-tax-break-for-charitable-giving-targeted-for-elimination
IRS To Publish Revocations of Tax Exemption
The day some nonprofits have dreaded is coming soon. The IRS announced on February 24, 2011 that it will soon publish the list of 501(c) nonprofit organizations that had their tax exemption automatically revoked for nonfiling of Form 990 information…
Foundation Group Blog Named Tops for Nonprofit Leaders
We don’t often toot our own horn around here, but today we are making a rare exception. Foundation Group’s blog was just named among the top 50 blog sites for nonprofit leaders by BSchool.com. Thanks to BSchool for the recognition. …
IRS News for Nonprofits
It’s the beginning of another new year. And along with everything else that comes with a flip of the calendar, the IRS has several things up its sleeve for nonprofits in 2011. Let’s take a look two of the most…
IRS Announces Deadline for Tax Exemption Revocations
The IRS has finally announced its decision regarding the extension it promised to small charities facing the loss of tax exemption due to not filing Form 990N. Now, small nonprofits have until October 15, 2010 to file Form 990N and…
Update on IRS Tax Exemption Revocations
It’s been almost two months since most tax-exempt organizations were required to file their annual IRS Form 990. As we have discussed at great length on these pages, the due date for tax year 2009 was the doomsday date for…