On Part IV, Line 10 of IRS Form 990, you must answer if your exempt organization held any assets in temporarily restricted endowments, permanent endowments, or quasi-endowments –
One way health systems can counter against depleting resources and growing demand is by entering into a joint venture with physicians or other businesses. While this method can
With the most recent changes in tax-exempt requirements and healthcare reform, nonprofit hospitals are facing several challenges with exemption classification and retention. Experts say that nonprofit hospitals receive
With everything you had going on with your nonprofit during the back-to-back holiday seasons – not to mention other personal responsibilities – you might not have kept up
Federal tax law typically does not mandate particular management structures, operational policies, or administrative practices. However, you are still required to report information regarding your organization’s governing body
Part III of IRS Form 990 and 990-EZ requires you to report your exempt organization’s program service accomplishments. A program service is typically the major ongoing objective or
Within IRS Form 990, there is Part XII for financial statements and reporting. In this section, exempt organizations need to indicate whether their financial statements were compiled, reviewed, or
A new year means new beginnings – and what better way to embrace the “new” than with a complete reboot of your nonprofit or charity? Updating your organization’s
Every tax-exempt organization required to file IRS Form 990 or Form 990-EZ must complete Parts I through XII along with a Schedule O and any other schedules applicable
For some exempt organizations, generating sufficient funds sometimes requires going beyond traditional fundraisers and generous contributions. Tax-exempt groups are eligible to participate in trades and businesses with no
