Found 787 Results
Reply To: Passthrough funds & how to report them on 990
Kristin, Your new accountant is correct that any revenue that is received by the nonprofit should be reported on the 990. While there isn’t a…
Fiscal Sponsorship – Webinar Recording and Resources List
Fiscal sponsorship is an alternative to incorporation and its attendant bureaucracies, an option for even well-established organizations.
Reply To: 990 Tax form
And Blue Avocado has this short intro article (and probably others as well): https://blueavocado.org/finance/filing-a-form-990/
Reply To: Managing Operating Funds
It might be helpful to have both a reserves policy in place, and an investment policy. Those can guide your decisions about when you are…
Reply To: Managing Operating Funds
I would explore options for earning a return on any cash you know you will not need for at least 3 months. Vanguard Fund VMFXX,…
Reply To: Managing Operating Funds
My recommendation is always to have as much cash deployed at local institutions as possible. Utilizing sweep accounts, CD’s, and local saving accounts should generate…
Reply To: Fiscal Sponsor Webinar 5-28-24
Thanks for posting the questions, Jeff. And Kate thank you for your helpful reply.
Reply To: 501c3 fiscally sponsoring a 501c7
Also not an attorney, but it’s my understanding that a 501cX organization can only fiscally sponsor projects that fall into the same IRS designation. For…
Reply To: Fiscal Sponsor Webinar 5-28-24
Just to add a bit of clarification to @Kate‘s reply to #1 — if the project has a “board,” that group has no legal or…
Reply To: Managing Operating Funds
You could put funds in a savings account. Some are earning 4% now. Ally bank or Relay. Easy to transfer back and forth.