Nonprofits work to provide services that a community needs that aren’t available elsewhere. Many nonprofits are started on a shoestring with a small budget. But one thing that any nonprofit should not neglect is legal representation. It’s a good idea to make an appointment with a nonprofit … [Read more...] about Consult An Experienced Nonprofit Attorney Before You Get Started
Nonprofits can enjoy a range of benefits through their tax exemption. Organizations such as public safety, religious, scientific, and those dedicated to the prevention of cruelty to both humans and animals can enjoy tax exemption. Donations can be tax-free for supporters who provide … [Read more...] about Requirements To Maintain A 501(C)(3) Tax Exempt Status In Chicago, IL?
Not for profit organizations on a calendar year must file their form 990 no later than May 17 unless you ask for an extension. This is true regardless of which form 990 you file. There are 3 different forms 990 depending on your gross revenue and assets. Do not let it slip by! If you need an … [Read more...] about Filing Deadlines are Approaching for Illinois Nonprofits
Nonprofits work hard to follow their mission and offer the help their constituents need. Many nonprofits are good about taking care of their business, following the rules and their bylaws, and offering the help people need and can’t get anywhere else. Like any company, mistakes can happen. … [Read more...] about How Are Complaints Filed Against Chicago Nonprofit Organizations?
If asked, your tax-exempt organizations must provide same-day access to your application for tax exempt status as well as tax returns for the previous three fiscal years. This is a requirement under Internal Revenue code section 6104. All tax-exempt organizations under section 501(c) or 501(d) are … [Read more...] about Illinois nonprofits must provide applications and returns if asked!