Welcome to your daily briefing on nonprofit developments in Indiana. Today we're covering 10 key stories including updates on indiana nonprofit headlines, indiana nonprofit updates, background & context. Let's dive in.
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The Community Foundation of Southern Indiana now accepts grant applications from nonprofit organizations throughout the entire year to help them fulfill their missions and address community needs.
This gives IN nonprofit professionals continuous access to funding opportunities without restrictive deadline cycles, supporting more strategic and responsive program planning.
The Central Indiana Community Foundation maintains a dedicated webpage offering nonprofit resources.
IN nonprofit professionals can access tools and guidance from a major community foundation serving their region.
Candid offers fully digitized and searchable Form 990s and 990-PFs online for quick access.
Indiana nonprofit professionals can streamline grant research, benchmark peers, and verify fiscal transparency without wading through paper filings.
The Lilly Endowment is providing grants to community foundations and United Ways across Indiana to support their efforts to enhance quality of life and prosperity for residents.
For Indiana nonprofit professionals, this represents a significant funding opportunity through established local intermediaries that could strengthen your community's capacity and resources.
Reach professionals in this market
3 stories
The Indiana Nonprofit Database provides searchable data on nonprofit organizations operating in Indiana.
IN nonprofit professionals can access organizational and financial information to inform benchmarking, grant applications, and sector analysis.
The Council on Foundations has published a legal framework summary governing nonprofit organizations in India, including translations of legislative provisions relevant for equivalency determinations under IRS Revenue Procedure 2017-53.
Indiana foundations and advisors making international grants can use this resource to verify Indian grantees' charitable status for IRS compliance.
The Central Indiana Community Foundation offers grants to support nonprofit organizations and community initiatives.
IN nonprofit professionals can access CICF grant funding to advance their missions and expand community impact.
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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.
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.
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.
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