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!
The IRS has issued a number of recent announcements about its activities. Here are the important items you need to know: Form 1024-A. The IRS has announced that form 1024-A, application for section 501(c)(4) tax exempt status can now be filed online only. Form 4720. The IRS is working on a … [Read more...] about Recent IRS Announcements of Interest to Illinois Nonprofits
It’s important for a nonprofit to instill confidence in the people who donate as well as the people they serve. Allowing attendance at board and other meetings is a good way to accomplish this goal. Illinois, like every US state, has “open meeting” laws that apply to governmental bodies. Nonprofits … [Read more...] about Do “Open Meeting” Laws Apply To Illinois Nonprofit Organizations?