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
The NC Community Foundation is accepting applications for nonprofit grants supporting community initiatives, education, health, and human services across North Carolina.
Nonprofit professionals in NC can access funding to expand programs and services that directly serve their communities.
The North Carolina state government has compiled a single webpage linking to grant programs available across multiple NC state agencies.
Nonprofit professionals in NC can use this centralized resource to identify potential funding sources without searching individual agency sites.
The NC Secretary of State's office advises North Carolinians to verify an organization's background through its Charitable Solicitation Licensing Section before donating.
Nonprofit professionals in NC should understand this verification process, as donor confidence in how organizations steward funds directly impacts charitable giving across the state.
Effective July 15, 2021, the North Carolina Secretary of State requires a completed, signed, and notarized signature page to be uploaded as part of the online charitable solicitation application process.
NC nonprofit professionals must ensure compliance with this notarization requirement to avoid delays in their charitable solicitation licensing.
The Duke Energy Foundation is offering $25,000 grants to North Carolina nonprofits for parks, water and habitat projects through a $500,000 fund with applications due March 13.
NC nonprofit professionals focused on environmental conservation and community green spaces have a timely funding opportunity to expand their impact with a well-resourced corporate foundation.
Reach professionals in this market
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.
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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