Welcome to your daily briefing on nonprofit developments in North Carolina. Today we're covering 8 key stories including updates on north carolina nonprofit headlines, background & context. Let's dive in.
5 stories
Apply for nonprofit grants across North Carolina. Funding for community initiatives, education, health, human services and more.
Relevant to nonprofit professionals operating in NC.
This page includes links to grant programs across NC state government agencies. For questions about any of the grant programs listed herein, contact the agency….
Relevant to nonprofit professionals operating in NC.
"North Carolinians are known for their generosity and willingness to help their neighbors. While there are many deserving organizations that need our support to continue their good works, we all want to ensure that our hard-earned money….
Relevant to nonprofit professionals operating in NC.
Effective July 15, 2021, applicants must upload a completed, signed, and notarized signature page as part of the online application process.
North Carolina nonprofit professionals must ensure their charity registration documents include the specific Notary Signature Form to comply with state filing protocols.
Nonprofits across North Carolina can seek $25,000 from Duke Energy Foundation’s $500,000 fund for parks, water and habitat projects; apply by March 13.
Relevant to nonprofit professionals operating in NC.
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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.
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.
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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