Friday, June 10, 2011

The IRS has published its first Automatic Revocation of Expemption List listing approximately 275,000 nonprofits whose tax-exempt status has been revoked because they failed to file a Form 990, 990-N, 990-EZ, or 990-PF for three consecutive years.

From GuidestarWhat does publication of the list mean to you?
If your organization appears on the list, you must now must file a federal income tax return and pay federal income taxes. If you previously could accept tax-deductible contributions, you no longer can do so.
If your organization is not on the list, technically you don't have to do anything. This a good time, however, to reach out to your donors, funders, and other constituents and assure them that you are in good standing with the IRS. You may also wish to suggest that your supporters consult the list to ensure that the other nonprofits they give to are still exempt.

Wednesday, June 8, 2011

Foundation Directory Online - update

An IRS processing error affecting electronically filed Forms 990 from filing years 2007-2009, resulting in inaccurate data appearing on the scanned images of these 990s has been discovered. This does not affect Forms 990-PF or 990-EZ.

Please read the full announcement (PDF) for more information.

A link to this announcement has also been posted on all Foundation Directory Online grantmaker and grant records by the 990 links, as well as on the 990 search screen.

Thursday, June 2, 2011

FDO Refresher Training

If you have used the Foundation Directory Online database before and would like some refresher training on how to develop search strategies to get the best results and develop a useful prospect list, sign up for the FDO Refresher Training.

Where: Central Library, Level 4, Pass Computer Lab
When: Thursday, June 9
Time: 11:15 am - 12:15 pm
Cost: Free

Register by calling 315.435.1900