Remove Calendar Remove Files Remove Fund Remove Grant
article thumbnail

Creating Financial Transparency with Your IRS 990 Series (and Maintaining Tax Compliance)

sgEngage

And then there is your annual IRS 990 series filing deadline. With an ever-changing landscape of fundraising, economic conditions, and tactics for expanding mission-related programming, finding time for IRS tax reporting and filing 990 Series returns can be beyond challenging. This couldn’t be more inaccurate!

Create 87
article thumbnail

The data/crisis catch-22: How the pandemic created a social sector data gap  

Candid

tax-exempt organizations file annually, are a major source of data about nonprofits and foundation grantmaking in the United States. For example, about 75% of Candid’s grants data is sourced from Forms 990). These extensions result in a backlog of files for the IRS, who are also understaffed. Case in point: 990 data.

Data 124
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Happy New Year? It depends what nonprofit “year” you’re talking about.  

Candid

Calendar year Let’s start with the easy one. The calendar year is the one you’re used to thinking about, the one your Outlook and Google calendars use. It starts on January 1 and ends on December 31 (assuming a Gregorian calendar). Many nonprofits select their fiscal year end based on their programing or funding cycle.

article thumbnail

Six things you may not know about the U.S. social sector

Candid

However, earned income—as defined for organizations filing the 990—is an expansive category that includes not only revenue from the sale of goods or services rendered but also government contracts, and other forms of revenue that are not grants and donations. . billion in funding. The majority of nonprofits are small.

Social 98
article thumbnail

Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission. However, nonprofits like yours can’t turn a profit by definition—all of the funding you bring in has to be reinvested into your organization.

Files 52
article thumbnail

A Beginner’s Guide to Nonprofit Financial Reporting

Greater Giving

Your organization’s ability to further its mission depends not only on successful fundraising , but also on allocating your funds so you can cover all of your expenses while setting your nonprofit up for long-term sustainability and growth. Only some states require nonprofits to file additional tax forms with the state government.

Report 52
article thumbnail

Get Organized and Increase Your Nonprofit Productivity

Get Fully Funded

My calendar and ‘To Do’ list were written in a notebook. Google Calendar has many rivals in the marketplace, but for meeting the scheduling needs of a busy nonprofit, I can’t imagine a more effective tool. When you accept invitations via email, the meeting gets automatically added to your calendar. With a pen.

Product 124