Welcome to your daily briefing on nonprofit developments in Louisiana. Today we're covering 9 key stories including updates on louisiana nonprofit headlines, louisiana nonprofit updates, background & context. Let's dive in.
5 stories
Harbor Compliance published a step-by-step guide covering the cost, time, and paperwork required to start a nonprofit in Louisiana.
For Louisiana nonprofit professionals advising new organizations or exploring expansion, this resource clarifies state-specific formation requirements.
Harbor Compliance offers comprehensive solutions and free resources to help manage fundraising, tax exemption, license renewals, and other nonprofit compliance activities in Louisiana and across the US.
Louisiana nonprofit professionals can streamline their compliance workload and reduce administrative risk using tools specifically designed for their regulatory environment.
Competitive grant applications are open to nonprofit organizations in good standing with the IRS and secretary of state, with registration required before applying.
Louisiana nonprofit professionals seeking funding opportunities should note this competitive grant cycle from a regional foundation serving the Gulf South.
The Community Foundation of North Louisiana works to improve quality of life through strategic grantmaking to community members.
North Louisiana nonprofit professionals can access funding that supports proactive, community-centered programs rather than reactive requests alone.
The First Horizon Foundation is now accepting grant applications in Louisiana.
This creates a new funding opportunity for Louisiana nonprofit professionals seeking financial support for their programs and operations.
Reach professionals in this market
1 story
Raising the Bar has announced its grant awards for the 2024-25 funding cycle.
Louisiana nonprofit professionals can explore this funder's priorities and timing to inform their own development strategies.
3 stories
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.
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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