Cullinane Law Group does all the work to start new nonprofits and tax-exempt organizations – charities, foundations, and associations. We off a quick, straightforward solution to the set up ...
What are the benefits of having 501(c)(3) tax-exempt status?
Many people mistakenly believe that all nonprofits automatically have IRS 501(c) tax-exempt status or state tax exemption. So, first, is important to note the distinction between "nonprofit" and ...
Do Nonprofits File Tax Returns? What is a 990?
Do nonprofits file tax returns? Most tax-exempt organizations are required to file annual informational returns with the IRS. Even though most tax-exempt nonprofit organizations do not pay federal ...
Nonprofit Law Basics: What is the Difference Between a Public Charity & a Private Foundation?
The terms of nonprofit entities can be confusing ... public charity ... private foundation ... corporate foundations … private operating foundations … public charities that act as ...
Our Nonprofit Lost Tax-Exempt Status – Now What?
If your nonprofit organization lost its tax-exempt status from the IRS, what should you do now? Most 501(c) tax-exempt organizations must file IRS Form 990s each and every year. If they aren't filed ...
How Nonprofits Should Classify Part-Time Staff – Employee or Independent Contractor?
Should Nonprofits Classify Part-Time Staff as Employees or Independent Contractors? Many nonprofit organizations do not have the funds to pay a full-time staff, or even one full-time worker. They ...
Nonprofit Q&A: What is Group Exemption?
What is Group Exemption? Group exemptions are a way that similar organizations can share the same tax-exempt status. These organizations are sometimes called "umbrella organizations" because the ...
You’ve Automatically Lost 501(c)(3) Tax-Exempt Status – Now What?
Since 2011, the IRS has automatically revoked the tax exempt status of hundreds of thousands of nonprofit nonprofit organizations because they failed to file IRS Form 990s for three consecutive years. ...
Help with IRS Form 990
While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990. The IRS ...
Year-end giving – How to make your donation count
Year-End Giving - How to make your donation count The end of the calendar year is a popular time for donors to make charitable contributions. But before sending a donation to a nonprofit ...