The IRS has a new page on its website allowing for visitors to conduct an e-Postcard search. Click here for the search page. Small tax-exempt organizations whose gross receipts are normally $25,000 or less may be required to electronically submit the e-Postcard, also known as Form 990-N. An IRS...
California Assembly Bill 624 – Amended on February 12
The controversial California Assembly Bill 624 was amended on February 12, 2008 to delete the requirement that large private foundations (those with assets over $250 million) report information pertaining to the sexual orientation of its board and staff members. The amendment was passed presumably in response to the concern...
Pro Bono Partnership’s Employment Law Guide for Nonprofits
While searching for employment law resources with a nonprofit perspective, I discovered the site of the Pro Bono Partnership, a leading provider of free business legal services, educational workshops and other legal resources to nonprofits in Connecticut, New York, and New Jersey. The site includes what appears to be...
California Assembly Bill 624 – Foundation Diversity
The California Assembly passed Assembly Bill 624, introduced by Assemblyman Joe Coto (D – San Jose), on January 29, 2008. AB624 requires every private, corporate, and operating foundations with assets over $250 million to collect and publicly disclose certain ethnic, gender, and sexual orientation data pertaining to its governance,...
Form 990-N (ePostcard) Up and Running
Charities that qualify may now file Form 990-N (also known as the ePostcard) online for tax years ending on or after December 31, 2007. The due date for 2007 calendar year filers is May 15, 2008. Click here to file Form 990-N online. This site is hosted by the...
Dean Zerbe Announces Resignation from the Senate
Dean Zerbe, senior counsel to Sen. Charles E. Grassley (R-IA), announced on January 23 that he will be resigning from his position at the end of February. In his position with Sen. Grassley, current Ranking Member and former Chairman of the Senate Finance Committee, Zerbe was a leading figure...
Retailers’ Embedded Giving Legislation
On December 19, 2007, Sen. Robert Menendez (D-NJ) introduced legislation to regulate embedded giving, a practice whereby retailers promise to donate a portion of the purchase price to one or more charities. The problem with embedded giving as highlighted by an article by Stephanie Strom in The New York...
Form CT-1 is Back!
California Form CT-1 has returned after being replaced by an Initial Checklist which followed passage of the Nonprofit Integrity Act of 2004. If your organization must register with the California Attorney General’s Registry of Charitable Trusts, Form CT-1 is the initial registration form. Click here for Form CT-1. Here...
IRA Charitable Rollover
The IRA Charitable Rollover, which provided individuals 70-1/2 years old and older with an annual exclusion of up to $100,000 from their gross income for qualified charitable distributions from IRAs, expired on December 31, 2007. Despite efforts by some legislators to get either a temporary or permanent extension of...
GreatNonprofits (and GiveWell)
GreatNonprofits is a charity and a website (still in beta) that provides "a place to find, review, and talk about great — and perhaps not yet great — nonprofits." The Chronicle of Philanthropy (December 13, 2007) featured GreatNonprofits on its front page and titled its article using founder and...