Indiana nonprofit corporations are being converted to a new schedule for filing business entity reports with the Indiana Secretary of State. In the past, a business entity report has been due every year in the same month in which the organization was incorporated. Nonprofit corporations will now file business entity…
As anticipated, the Internal Revenue Service announced a streamlined, much simpler and shorter version of Form 1023, the Application for Recognition of Tax Exempt Status. Standard Form 1023 The standard Form 1023 is 26 pages long, not counting a 38-page instruction booklet, 3 additional pages of instructions the IRS has…
The Internal Revenue Service’s application for an employer identification number (or EIN) requires the applicant to submit the name and tax identification number (usually a social security number) of the applicant’s “responsible party.” That is true whether the application, Form SS-4, is submitted on paper or online, and it is…
Peter Orszag at Bloomberg wrote an interesting article about the growth of nonprofit organizations from 2008 onwards. One study cited was done by Nonprofit HR Solutions, entitled “Nonprofit Employment Trends Survey.” The article and the survey both painted an optimistic picture about nonprofit organizations post-millennium. They were viewed as a…
The “Indiana Smoke Free Air Law,” which was passed last year by the Indiana General Assembly and took effect on July 1, 2012, bans smoking in most Indiana businesses and nonprofit organizations. We thought the General Assembly might reconsider some of the details this year, but that hasn’t happened.…
The Internal Revenue Service has announced the following standard mileage rates used to calculate income tax deductions for business travel expenses and for travel expenses incurred while serving charitable organizations. Business, $0.565 per mile Charitable service, $0.14 per mile These rates, which are one cent per mile higher than…
[Note: The Department of Labor guidance, Fact Sheet #71, discussed in this article has been superseded as it applies to the use of unpaid interns by businesses. See the discussion of the revised policy here. The guidance as it applies to the use of unpaid interns by nonprofit organizations…
Earlier this week, Friendly Family Productions, LLC, the company that produced the television series Little House on the Prairie settled its lawsuit against a nonprofit corporation that operates a small museum outside Independence, Kansas. The museum is located at the site of the original house that Laura Ingalls Wilder wrote…
Unlike Indiana, most states require that non-profit organizations register with an agency such as the Attorney General’s office before soliciting any charitable donations within the boundaries of that state. In addition to initial registration, those states typically have annual reporting requirements as well. Although Indiana is not one of the…
Internal Revenue Service Form 1023 is entitled “Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code,” which is why most people call it simply “Form 1023.” Most types of nonprofit organizations that fall within Section 501(c)(3) must submit Form 1023 within 27 months of their formation,…