You may recall a recent IRS proposal to have nonprofit organizations collect and report the social security numbers of large donors (large being over $250, if you can believe that). Thanks to the quick responses of over 38,000 citizens, the proposal was withdrawn and...
“No good or services were received in exchange for this contribution.” Nice, clear language. Often provided in receipts to donors by many nonprofits. The problem is in the words “often” and “many.” Because now they are absolutely...
This quote is taken from a www.BoardSource.org article discussing the newly effective Form 990: For the first time in 30 years, the IRS has overhauled the form nonprofits use to report their activities and finances. The new Form 990, which must be used for...
