Category: Nonprofit & Tax Exempt Organizations

Form 990-PF Filers Beware! The Tricky Double Negative of Part VII-B

Paying compensation to directors of tax exempt private foundations can be a delicate matter, especially for relatively modest family foundations.  Most foundation managers are aware that such compensation is generally permissible under the Internal Revenue Code, as long as the compensation is …

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Faster but Tougher – IRS Review Focuses on Private Benefit and Commerciality

The Exempt Organizations division of the IRS is functioning again judging from the considerable improvement we’ve been seeing in the time it takes to respond to applications.  But while the substantial delays in processing submissions for tax-exemption have all but disappeared, we …

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IRS Says Agreement With For-Profit Won’t Jeopardize Nonprofit Group’s Exempt Status

On October 3, 2014, the Internal Revenue Service (IRS) issued a Private Letter Ruling (PLR 201440023) that opens the path for charities to monetize their intellectual property through commercial arrangements with for-profit companies. The ruling approves an arrangement between a 501(c)(3) charity …

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Commission on Accountability & Policy for Religious Organizations Issues Report

In December 2012, the Commission on Accountability & Policy for Religious Organizations presented a 91-page report to Senator Charles Grassley addressing various regulatory issues affecting the religious and broader nonprofit sector.  Entitled Enhancing Accountability for the Religious and Broader Nonprofit Sector (the …

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