Annual Electronic Filing Requirement for Small Exempt Organizations — Form 990-N (e-Postcard) - Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less ($25,000 for tax years ending after Dec. 31, 2007 and before Dec. 31, 2010) are required to electronically submit Form 990-N, also known as the e-Postcard, unless they choose to file a complete Form 990 or Form 990-EZ instead.
Analyzing Financial Information Using Ratios - Nonprofit leaders seeking to understand their organization's financial situation usually start by reviewing the financial reports. Beyond understanding the reports, much can be learned from analysis of the information and interpretation of what it is telling you. For a more technical financial analysis, rations can be used to deepen understanding and interpretation.
From the Nonprofit Quarterly, this guide is a summary of the eight key business principles that should guide financial leadership practice.
An Executive Director’s Guide to Financial Leadership
If your nonprofit receives in-kind gifts or donated services, you may wonder whether and how to record them in your financial records. From an accounting perspective, consider these key questions.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the N.C. Center for Nonprofits, www.ncnonprofits.org.
Employer Health Care Arrangements - The IRS released Notice 2015-17 containing long hoped for penalty relief and guidance regarding employer medical reimbursement arrangements.
Accepting payments by credit card is not difficult or expensive. TechSoup's A Few Good Methods for Processing Credit Cards provides tips and tools to process credit card transactions, both on- and offline, for organizations of all sizes.
As board members, we have twin responsibilities: to ensure that our organization is making efficient, appropriate use of funds and to ensure that we are reporting our overhead correctly. This article provides eight key ideas to know about overhead. (Blue Avocado)
A Board Member's Guide to Nonprofit Overhead
This NP Engage article walks through seven steps to developing a policy to manage the use and replenishment of reserve funds. Once an appropriate target amount has been determined for operating reserves, the board needs to draft a policy that establishes the fund and sets forth guidelines for using it.
7 Step Policy Guide to Nonprofit Operating Reserves
Understanding a nonprofit’s costs is necessary in order for charitable nonprofits to be financially sustainable. Rather than reporting artificially low costs, or ignoring what it really costs to deliver programs and services, the National Council of Nonprofits is encouraging all nonprofits and board members to model transparency of full costs. (National Council of Nonprofits)
#OwnYourOwnCosts
Read this article to learn exactly what "quid pro quo" donations are and how to correctly report them on your taxes.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the North Carolina Center for Nonprofits, www.ncnonprofits.org.