Tag Archives: tax exempt organizations

Via Nonprofit Law Blog: What Board Members Should Know About Reviewing a Form 990

If you’re new to your Club or Association board, or if you’re wondering whether you’ve done all you need to do in your organization’s annual Form 990 review process, check out Emily Chan’s post at Nonprofit Law Blog on What Board Members Should Know About Reviewing a Form 990. Continue reading

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Tell Your Volunteers About Possible Tax Deductions

By volunteering with recognized 501(c)(3) tax-exempt organizations like our Associations and Districts (as well as some Clubs), certain expenses can be itemized as tax deductible on your federal income taxes. It might take a little more time and effort to fill out your tax return, but if you have the receipts and other documentation to support your itemized deductions, make sure to take advantage of this benefit of volunteering! Continue reading

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IRS Releases New Search Tool for Charities

Last week, the Internal Revenue Service released a new search function for charity status of organizations. This is exciting news for tax-exempt charities (such as Clubs and Associations), as it will now become easier for consumers to verify if an organization is tax-exempt and if donations to the organization are tax-deductible. It will also be useful for foundations and other granting organizations to verify your organization’s status when you apply for grants. Continue reading

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