The mid-term elections are near, and jockeying for 2024 elections isn’t far behind. That makes this a good time to review the IRS rules regarding Section 501(c)(3) organizations and political activities. This article reviews the rule and how noncompliance can lead to costly excise taxes and jeopardize a nonprofit organization’s tax-exempt status. A short sidebar discusses the concerns for nonprofits that primarily advocate on certain issues.

Continue reading It’s time to vote — Watch out for IRS limits on nonprofit political activities →

Auctions can be an effective way to raise funds for nonprofit organizations. But preparing for an auction involves more than fun and games. This article provides some suggestions that can help ensure nonprofits don’t run afoul of tax requirements.

Continue reading Tax compliance — Understanding tax issues with auctions →

While term limits for nonprofit boards of directors aren’t legally mandated, many organizations consider term limits to be a best practice. Term limits aren’t right for every organization, though. This article highlights what pros, cons and practical steps involved before adopting them.

Continue reading Are term limits right for your board? →

In this issue’s Newsbytes we look at the latest increase in the value of the volunteer hour, which auction items attract the most bids, and a study that finds that the best nonprofits score high on fun and diversity.

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