Welcome to your daily briefing on nonprofit developments in Colorado. Today we're covering 6 key stories including updates on colombia nonprofit headlines, background & context. Let's dive in.
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The Community Foundation offers grants to support nonprofits in Blount, Jefferson, Shelby, and St. Clair Counties, aligning with a vision for a just and prosperous region.
These grants provide essential funding opportunities for nonprofit professionals in Alabama to further their missions.
We believe that strategic and equitable grantmaking has the power to deliver a triple benefit: improved health, well-being, and opportunity for young people today, throughout adulthood, and for future generations.
Access links to state-specific databases of nonprofits registered for fundraising across the U.S.
This resource is essential for nonprofit professionals in Alabama to stay informed about registered organizations in the state.
Reach professionals in this market
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Unrelated business income tax applies when an activity is regularly carried on, is a trade or business, and is not substantially related to the exempt purpose. Common surprises: corporate-sponsored events with naming rights that look like advertising, affinity credit-card royalties that include co-marketing services, and gift-shop sales of items unrelated to the mission.
UBIT exposure can cost both tax and exempt status if the unrelated business becomes substantial. The line between sponsorship (excluded) and advertising (included) is narrow and case-specific.
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.
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.
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