Directorio ONGs, Empresas Responsables, Instituciones Dominicanas.
Proyectos, Eventos, Premios y Ofertas de empleo publicadas por Organizaciones sin fines de lucro, Empresas e Instituciones en República Dominicana.
Welcome to your daily briefing on nonprofit developments in DO. Today we're covering 7 key stories including updates on dominican republic nonprofit headlines, background & context. Let's dive in.
4 stories
Proyectos, Eventos, Premios y Ofertas de empleo publicadas por Organizaciones sin fines de lucro, Empresas e Instituciones en República Dominicana.
Las fundaciones son organizaciones constituidas sin fin de lucro que, por voluntad de sus creadores, tienen afectado de modo duradero su patrimonio a la realización de fines de interés general. Nacen en virtud de un negocio jurídico….
Relevant to nonprofit professionals operating in DO.
Este proceso consiste en la recepción, procesamiento y evaluación de las solicitudes de subvención de las ASFL para la asignación de fondos públicos del Presupuesto General del Estado.
Relevant to nonprofit professionals operating in DO.
The National Center for the Promotion of Nonprofit Associations has introduced a new electronic portal featuring a provincial map detailing the distribution of information regarding NGOs that receive public funds.
This platform enhances transparency and provides Dominican nonprofit professionals with a centralized resource to verify and access data on organizations utilizing public financing.
Reach professionals in this market
3 stories
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 streamlined Form 1023-EZ is available only to organizations meeting specific limits on projected revenue, assets, and activity types. Filing 1023-EZ when ineligible produces a determination that is technically valid but vulnerable to retroactive revocation if discovered. The full 1023 is harder to file but harder to challenge.
Loss of exemption is retroactive to the original determination, exposing the organization to back-tax liability. The eligibility checklist is the only protection.
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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