Category: Nonprofit & Tax Exempt Organizations
What the CARES Act Means for Faith-Based Organizations
BLUF – Faith-based organizations are eligible to participate in PPP/EIDL with no infringement on their ability to exercise their religion. INTRODUCTION As the Small Business Administration (SBA) and the Department of the Treasury continue to roll out additional guidance on the emergency … read more
The CARES Act – Affiliation Rules for Nonprofits and Faith Based Organizations
BLUF –Secular nonprofits are subject to standard SBA affiliation rules under 13 CFR 121.301(f); faith-based organizations are largely exempt from those rules. INTRODUCTION As the Small Business Administration (SBA) and the Department of the Treasury roll out their emergency relief programs … read more
Establishing a COVID-19 Charitable Assistance Program
The widescale impact of the COVID-19 pandemic has left many low-income individuals and families throughout the country and world with an unexpected loss of critical income, while still faced with basic monthly living expenses, including rent, utilities, food, and medical costs. Many … read more
Nonprofit “Parking Lot” Tax Is Repealed
On December 20, 2019, President Trump signed into law an appropriations bill that, among other things, repealed the highly criticized “parking lot tax” enacted as part of The Tax Cuts and Jobs Act of 2017. Effective January 1, 2018, a new section … read more
Public Charities, Lobbying Limits, and Affiliated 501(c)(4)s
501(c)(3) public charities are in a unique position to successfully advocate for the interests of those in need in our society. Advocacy may be even more impactful during an election year when public policy debates are at the forefront of the national … read more
Stop! Purchase of an Event Ticket with DAF Dollars Could Land You in Hot Water with the IRS
The IRS has proposed regulations which, if enacted, will confirm its position that donor advised funds (DAFs) are barred from paying for tickets to charitable events on behalf of the donor advisor. A DAF is a giving vehicle established at a public … read more
New York Outlaws Sole Member Not-for-Profit Corporations
On December 21, 2018, New York State Governor Andrew Cuomo signed into law Assembly Bill A-10336, which will increase the minimum number of individual members that a not-for-profit membership corporation is required to have from one to three. The stated justification for … read more
Privacy Audit – Make it Your Organization’s New Year’s Resolution!
It’s the time of year when its typical to focus on self-betterment, so let’s not leave the organization you work for out. Nonprofit organizations hold a variety of personal information on behalf of their constituents and employees. Unfortunately, most organizations could be … read more
