By NEO Law Group
With the election year in full swing, many nonprofits have questions regarding the scope of permissible election-related and lobbying or advocacy activities organizations recognized as exempt under Internal Revenue Code Section 501(c)(3) can engage in. This post will be the first in a series discussing these issues. *** As most 501(c)(3) organizations are well aware, […]
The past week was marked by the shocking death of music icon Prince. On this Earth Day, have a listen to Purple Rain while perusing our curated nonprofit tweets of the week: Disaster Philanthropy: How to respond to Ecuador, Japan, and Myanmar earthquakes from @Regine4Disaster #philanthropy http://ow.ly/4mPuUD Omidyar Network: .@WhiteHouse’s announcement on foundation PRIs is latest data point […]
Most new charitable nonprofits other than churches will seek 501(c)(3) recognition from the IRS. Since July 2014, qualifying nonprofits have been able to apply for recognition of 501(c)(3) tax-exempt status using either Form 1023 or the much simpler Form 1023-EZ. While Form 1023-EZ has since become the more popular application form, it may not always be the […]
x-144-15 Here are 5 highlights from the American Bar Association Exempt Organizations Committee Meeting held in Los Angeles on January 29, 2016: 1. Form 1023-EZ The IRS Tax Exempt & Governmental Entities Division (TE/GE) disagreed with the critical conclusions made by the National Taxpayer Advocate regarding the level of noncompliance by organizations filing the Form 1023-EZ […]
Below are some of my predictions of events and trends that will impact the nonprofit sector in 2016 and beyond. Last year, while noting that good prognosticators have to go beyond stating obvious trends, I made only one prediction: “Nonprofits will increasingly recognize the importance of understanding and responding to the for-profit social enterprise movement.” […]
An eventful year for the world, the sector, and for us at NEO Law Group. Some of my firsts: participating at Burning Man (one of our favorite clients), rapping at Independent Sector’s Annual Conference, and attending SOCAP. Here is the best stuff from the NEO Law Group over the past year: Blog Posts General Why Are Charities Tax-Exempt? – […]
UPDATE 1/7/16: The proposed regulations have wisely been withdrawn. The Treasury Department and IRS are soliciting comments through December 16 regarding the recently proposed rule that would provide donors with another way to substantiate their contributions of $250 or more but at the cost of imposing significant new risks on charities and donors. The new way to substantiate […]
Miami is the site for Embark, the 2015 Independent Sector Annual Conference and Public Policy Action Institute. The Conference is a critical one for Independent Sector coming shortly after its former and long-time President and CEO Diana Aviv departed to head Feeding America and during a time when Independent Sector is attempting to define its leadership role […]
Many key players in the social enterprise / impact investing space throughout the world converged in San Francisco this week for SOCAP15 (yup, that’s John Legend). I’ve been writing and tweeting about SOCAP since 2010, and I am thrilled to be attending this year. Also, a quick disclosure that some of the entities represented are our clients who are all doing […]
This week, President Obama announced the Clean Power Plan – a historic and important step in reducing carbon pollution from power plants that takes real action on climate change. Have a listen to Sam Phillips’ Black Sky while perusing our curated nonprofit tweets of the week: Rolling Stone: The worst impacts of climate change are starting […]