Welcome to your daily briefing on nonprofit developments in New Jersey. Today we're covering 8 key stories including updates on new jersey nonprofit headlines, new jersey nonprofit updates, background & context. Let's dive in.
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The Council of New Jersey Grantmakers is an organization focused on maximizing the impact of philanthropy in the state.
NJ nonprofit professionals can engage with this council to better understand grantmaker priorities and build stronger funder relationships.
The New Jersey State Library has published a research guide focused on New Jersey state grant information.
This resource helps nonprofit professionals in NJ identify and pursue state-level funding opportunities.
The Community Foundation of New Jersey creates connections among donors, nonprofits, and communities.
NJ nonprofit professionals can tap into CFNJ's network for funding partnerships, donor advised funds, and collaborative giving opportunities.
The Community Foundation of New Jersey maintains an updated list of grant opportunities for area nonprofit organizations, with listings added and removed as opportunities open and close.
NJ nonprofit professionals can monitor this centralized resource to identify timely funding opportunities without searching multiple sources.
The New Jersey State Library has published research guides focused on nonprofit sector information and nonprofit management.
NJ nonprofit professionals gain free, curated access to sector research and management resources through their state library system.
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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.
Donor-restricted gifts must be tracked separately and used only for the restricted purpose; using them for general operations — even with intent to "pay back" later — is a fiduciary breach and an audit finding. The most-common fact pattern: cash-flow shortage in operations, restricted-grant balance available, transfer "borrowed" with no formal repayment plan.
State attorneys general have authority over restricted-gift compliance and have pursued individual board members and executives. Auditors are required to disclose restricted-fund violations in the management letter.
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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