What are Assets with Donor Restrictions?
Assets with donor restrictions are donor designated monies for a particular purpose. These funds are restricted for the purpose elected and cannot be used for other expenses of the nonprofit. Learn more.
NC Sales Tax Refunds
North Carolina nonprofits may apply for semiannual refunds of sales and use tax paid by qualified organizations on direct purchases of tangible personal property, digital property, and services for use in carrying out their mission. Learn more.
Increasing Value Through the Use of AI
Artificial Intelligence (AI) is transforming organizations by allowing them to streamline operations and enhance decision making. Read more about how to incorporate AI into your organization.
Nonprofit Deadlines to Remember
There are important nonprofit deadlines to remember for organizations with a year-end of December 31, 2024. Read more for a complete list of due dates.
Reminders – What Items to Review Each Year
Nonprofit organizations have several moving pieces that could change from year to year. There are details which should be revisited on an annual basis to ensure accuracy and completeness. Learn more about items to assess each year to help your nonprofit organization run smoothly.
990 Overview – Different Parts of a 990
A question we often hear from our clients is “Why are you asking me so many questions?” The short answer is that the Form 990 is a complex tax return. In fact, the 990 requires more information than many for-profit tax returns. Learn more.
Volunteer Training
Volunteers are an integral part of many nonprofit organizations. Each task given to a volunteer should be met with some form of training. Training will enable the volunteers to better understand and work more efficiently for the organization. Read the full article to learn more.
June Year-end Nonprofit Deadlines to Remember
There are important due dates that may be applicable to nonprofit organizations with a year-end of June 30, 2024. Click above to review the full list of due dates.
What Happens if Your Nonprofit Earns Money?
Nonprofits, by definition, exist not to make money, but to fulfill one of the exempt purposes recognized by federal law: charitable, educational, scientific, or literary. The idea that a nonprofit cannot make a profit simply isn’t true. Read the full article to learn more.
Raffles – Don’t Get Tricked By All The Rules
Raffles are commonly used by nonprofit organizations to raise funds to fulfill the mission of their organization. Each state has legislation regarding the number of allowed raffles and the limits for the value of raffle prizes. Read the full article to learn more.