Welcome to your daily briefing on nonprofit developments in New Hampshire. Today we're covering 6 key stories including updates on new hampshire nonprofit headlines, background & context. Let's dive in.
3 stories
Simon Delekta, vice president of community engagement and impact, shares updates on the new Opioid Abatement Community Grants Program, the Racial Justice Fund, and upcoming deadlines.
NH nonprofit professionals can access new funding streams to support community health and equity initiatives in the coming year.
The New Hampshire Charitable Foundation has introduced a new grant program with rolling deadlines and a streamlined application process for nonprofits serving New Hampshire communities.
NH nonprofit professionals gain more flexible, accessible funding opportunities with less administrative burden.
The NH Center for Nonprofits maintains a dedicated page for funding alerts to help organizations discover grant opportunities.
Nonprofit professionals in NH need timely, centralized access to funding opportunities to sustain and grow their programs.
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.
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.
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.
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