nonprofit organization

Charitable Solicitation License – Exceptions

Charitable solicitation licenses (“CSLs”) are a necessity for any organization that solicits the public for contributions or donations to support a charitable purpose, unless specifically exempt by law. Read more for a list of exemptions if required to file or renew in North Carolina.

By |2024-01-26T15:59:37-05:00January 26th, 2024|Articles, Not For Profit|0 Comments

Volunteer Expenses – Tracking for the Non-profit and for the Volunteer

Volunteers often accrue substantial expenses, which can have a negative affect on volunteer retention and recruitment. Many non-profits promote tax deductions to entice new donors, but does your organization use volunteer-related tax deductions to recruit and retain volunteers? Find out more.

By |2024-01-26T16:36:13-05:00January 26th, 2024|Articles, Not For Profit|0 Comments

What is Unrelated Business Income Tax (UBIT)?

An exempt organization is required to file Form 990-T when it has $1,000 or more gross income from unrelated business. An organization must pay estimated tax if it expects its tax for the year to be $500 or more. Read the full article to learn more.

By |2023-11-27T16:20:12-05:00November 27th, 2023|Articles, Not For Profit|0 Comments

In-Kind Donations – What are They and Should They be Recorded?

Non-profit organizations often rely on in-kind donations of various types to carry out their mission. Should these in-kind donations be recorded in your accounting records? Find out more.

By |2023-11-27T16:49:51-05:00November 27th, 2023|Articles, Not For Profit|0 Comments

How to Attract Qualified Professionals for Your Board of Directors

Board Members are responsible for maintaining the integrity of an organization and finding the right board members is vital for the organization to effectively serve its purpose. Learn more.

By |2023-09-24T14:02:14-04:00September 24th, 2023|Articles, Not For Profit|0 Comments

Is Your Non-Profit Ready for a Year-End Audit?

There are several things you can do to ensure your non-profit is audit ready. It’s important to have tight internal accounting controls, organized financial processes and timely month-end closing and review of your financial statements. Find out more.

By |2023-06-27T16:18:49-04:00June 27th, 2023|Articles, Not For Profit|0 Comments
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