The IRS regularly revokes the tax-exempt status of not-for-profits — mostly for failing to file annual information returns. Losing your exempt status can be devastating. Donors won’t be eligible to deduct contributions to your organization, grant-makers probably won’t even consider your applications and you may become retroactively liable for taxes. So the sooner you regain […]
Filed under: General by OSA&C Tuesday, February 25th, 2025
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Federated not-for-profits are single corporate entities with multiple chapters. There’s no one definitive legal structure for federated organizations. But local chapters generally operate independently of their national headquarters and pay a certain percentage of income to their national office in exchange for the name, branding and other benefits. Many large organizations, including Boys & Girls […]
Filed under: General by OSA&C Tuesday, February 11th, 2025
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