Welcome to your daily briefing on nonprofit developments in Missouri. Today we're covering 7 key stories including updates on missouri nonprofit headlines, background & context. Let's dive in.
4 stories
The Missouri Foundation for Health has made current funding opportunities, resources, guidelines, and application materials available through its online portal.
MO nonprofit professionals can access grants, FAQs, and IRS tax forms from a major state health funder to support their programs and operations.
A new resource highlights how Missouri's history of social activism from the 1930s through Black Lives Matter has fostered a flourishing nonprofit sector that drives social and economic vitality across the state.
Nonprofit professionals in MO should understand that their work continues a deep legacy of confronting injustice, even as the sector remains underappreciated.
Harbor Compliance provides comprehensive solutions and free resources to help nonprofits manage fundraising, tax exemption, license renewals, and other compliance activities.
Missouri nonprofit professionals can access tools to streamline their compliance obligations and reduce administrative burden.
The IRS maintains a dedicated page outlining Missouri-specific filing requirements and information for tax-exempt organizations.
Nonprofit professionals in MO need accurate state-level guidance to maintain compliance with both federal and Missouri filing obligations.
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 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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