Certain nonprofit entities are allowed semiannual refunds of sales and use taxes they pay on direct purchases and leases of tangible personal property and services. Learn more about form E-585, "Nonprofit and Governmental Entity Claim For Refund State and County Sales and Use Taxes," and how your organization can request refunds. (N.C. Department of Revenue)
Questions Regarding Form E-585
Financial ratios are an established tool for businesses and nonprofits to understand an organization’s financial situation and help leaders identify strengths and weaknesses in financial condition. This tool provides calculation of 14 ratios, including a mix of balance sheet and income statement ratios. (Propel Nonprofits)
Most foundations and corporate funders require organizations to submit a project budget with their grant application. William A. Bayreuther Grantwriting has provided complementary samples of proposal budgets for a 1 year project, 2 year project and a capacity building request. (Maine Association of Nonprofits)
Supporting the Messengers of Change: Grantee Communications Assessment Report to the Mary Reynolds Babcock Foundation details the findings and conclusions of a study of the strategic communications capacity, challenges, and needs of 38 policy grantees, with the understanding that this capacity is closely tied to their effectiveness as advocates for policies that move people and places out of poverty.
Eight questions to consider when selecting a Donor Management System (Network for Good) and the recording of Tech Impact's Selecting a Donor Management System. (Recursos disponibles en español.)
How can nonprofit boards unite their diverse personal views on complex policy issues and arrive at strong organizational positions?
Tax on Unrelated Business Income of Exempt Organizations - An exempt organization is not taxed on its income from an activity substantially related to the charitable, educational, or other purpose that is the basis for the organization's exemption. (IRS)
The Next Generation of Economic Development Tools: Community Development Corporations - In the wake of the elimination of redevelopment agencies, cities are seeking alternatives to help create jobs and revitalize neighborhoods.
The Internal Revenue Service released formal guidance related to nonprofit political activities in "Revenue Ruling 2007-41,' which describes 21 real-life scenarios. It is particularly useful for when nonprofits consider election-related programs and activities, since failure to comply may put at risk a nonprofit organization's tax-exempt status. (IRS)
Answers from the Secretary of State on Charitable Solicitation Licenses
If your nonprofit's budget is over $25,000, you generally have to register with the Charitable Solicitation Licensing Division of the NC Secretary of State. All nonprofits should contact the Secretary of State to determine if you need to register for a Charitable Solicitation License or to apply for exemption from the license.
Basic licensing information: