Welcome to your daily briefing on nonprofit developments in Alaska. Today we're covering 9 key stories including updates on alaska nonprofit headlines, alaska nonprofit updates, background & context. Let's dive in.
5 stories
The Alaska Community Foundation is running competitive grant cycles throughout the year for eligible local nonprofits and organizations.
Alaska-based nonprofit leaders can monitor these ongoing opportunities to secure funding for their community initiatives.
The Rasmuson Foundation continues its mission to improve the lives of Alaskans through reliable grant programs and initiatives established since 1955.
Alaska nonprofit professionals can leverage these long-standing grant programs to support community empowerment and service delivery.
NonProfit and Religious FAQs, Corporation Section, Division of Corporations, Business and Professional Licensing.
Relevant to nonprofit professionals operating in AK.
This is a summary of Federal and State grant opportunities, relevant to Alaskans. This collection of grants continues to be updated.
Relevant to nonprofit professionals operating in AK.
Pick.Click.Give. allows Alaskans to share their Permanent Fund Dividend with causes they care about. Your donation - big or small - goes directly to your chosen non profit.
Relevant to nonprofit professionals operating in AK.
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1 story
What part of Alaska do you want to last forever? Our Mission Inspiring the Spirit of Giving and Connecting People, Organizations, and Causes to.
Relevant to nonprofit professionals operating in AK.
3 stories
Private inurement is benefit flowing to insiders (officers, directors, key employees); it is an absolute prohibition. Private benefit is benefit to outsiders that is more than incidental to the exempt purpose; it is a question of degree. Both can revoke exemption, but the legal analysis differs.
Insider transactions trigger automatic intermediate sanctions even when the exemption survives. Outsider benefit triggers a facts-and-circumstances analysis. Distinguishing them shapes the defense.
Form 990 is required to be made public by the filing organization on request and is indexed by ProPublica and others within weeks of filing. Sections most boards underestimate: Schedule J (top-staff compensation), Schedule L (transactions with interested persons), and Schedule O (narrative explanations that "soften" other answers). Donors and reporters read these.
Items that read fine in management's narrative often read very differently in print. Pre-filing review by a non-finance board member catches optics issues that a CFO will not.
The IRS-recommended COI policy requires (1) annual disclosure by all directors and key employees, (2) a process for review of any disclosed conflict, (3) recusal procedures, and (4) documentation in board minutes. Policies that have only the disclosure form without the review and recusal process do not satisfy the recommendation.
A weak COI policy is a Schedule L disclosure waiting to happen, and Schedule L disclosures correlate with future IRS examination selection.
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