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Nonprofit News
IRS...
Did you know that half
a million nonprofits could lose their tax exempt status in 2010
- According to
the IRS, that many small nonprofit organizations have failed to
file form 990-N as required by the Pension Protection Act of
2006. If your annual revenue is $25,000 or less you must now
file electronically reporting your revenue to the IRS. To learn
more, read Guidestar article located at
http://www.guidestar.org/news/features/half_a_million.jsp?source=jan09nwsltr.
For more information on
filing Form 990-N (electronic postcard) for nonprofits with
annual revenue of $25,000 or less, visit the IRS website at
http://www.irs.gov/charities/article/0,,id=169250,00.html.
IRS Eliminates Advanced Ruling Process for
501(c)(3) Nonprofits - With the implementation of the
redesigned Form 990 and annual reporting by all nonprofits,
temporary regulations have been established to eliminate advance
rulings and the Form 8734 filing requirement for all new section
501(c)(3) organizations. Under the temporary regulations, if, at
the time of the initial application for exemption, an
organization can establish to the satisfaction of the IRS that
the organization can reasonably be expected to meet a public
support test during its first five years, the organization
qualifies as publicly supported for its first five years as a
section 501(c)(3) organization. The IRS will issue a
determination letter stating that the organization is exempt
under section 501(c)(3) and is classified as a public charity.
Federal Register / Vol. 73, No. 175 / Tuesday, September 9, 2008
/ Rules and Regulations
San Diego...
"The Grantmaking Report: Foundation and
Corporate Giving in the San Diego Region (Fall 2008) was
released on September 16, 2008 at the University of San Diego,
School of Leadership and Education Sciences. This is the 2nd in
a series of studies conducted by the Caster Family Center for
Nonprofit Research focused on philanthropic organizations,
foundations and corporate grantmaking, that are engaged in
organized giving in San Diego County. San Diego's grantmaking
community holds $2.3 billion dollars in assets and granted $237
million in 2006.
The report reflect on the impact that local
philanthropy has on the region and the areas of interest for
funding. The study and report were sponsored by USD SOLES, San
Diego Grantmakers, United Way of San Diego, Jewish Community
Foundation of San Diego, The San Diego Foundation, Washington
Mutual, McCarthy Family Foundation, and the Parker Foundation.
To view the report,
click here.
"The Appreciated Sector: Public Confidence in
San Diego County Nonprofit Organizations" was released by
the University of San Diego Caster Family Center for Nonprofit
Research and Institute for Nonprofit Education and Research at
the University of San Diego on Thursday, June 12, 2008. The
report and study funded by the San Diego Foundation is the
second in a series of research studies conducted by the Caster
Family Center for Research. The study was designed to
assess San Diego County residents confidence in the nonprofit
sector. To view the report,
click here.
California...
Has your organization provided sexual harassment training for your
staff? The State of California, Government Code 12950.1 (AB 1825), states that
by January 1, 2006, an employer having 50 or more employees shall provide at least two hours of classroom or other effective interactive training and
education regarding sexual harassment to all supervisory employees who are employed as of July 1, 2005, and to all new supervisory employees within six
months of their assumption of a supervisory position. more...
Training providers: Best Best & Krieger LLP,
San Diego County Office of Education in collaboration with the Legal Services
Consortium, Nonprofit Management Solutions
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