Welcome to your daily briefing on nonprofit developments in Indiana. Today we're covering 6 key stories including updates on indiana nonprofit headlines, background & context. Let's dive in.
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Candid provides a quick way to locate and search fully digitized Forms 990 and 990-PF online.
Indiana nonprofit professionals can use these tools to efficiently access essential financial documents.
The Lilly Endowment is providing grants to support community foundations and United Ways in enhancing the quality of life and prosperity for Indiana residents.
This funding offers a vital resource for Indiana nonprofit professionals to strengthen community development efforts and drive local prosperity.
Find government grants, CSR funds, accelerators, and seed funding for Indian startups. Browse hundreds of active opportunities filtered by sector, stage, and eligibility — updated weekly.
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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.
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.
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