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Financial Management

What’s UBIT + Why Your Organization Should Pay Attention to Recent Changes

by Jennifer Gray
Updated May 7, 2018 UBIT stands for unrelated business income tax. The federal tax law passed at the end of last year included changes to UBIT that directly impacts nonprofits. Not only should your organization pay attention to the changes to see if you are impacted but we also need to know how your organization […]

MANP has something for everyone!

by Kelly McCormack
Upcoming MANP Trainings + Events Maine nonprofits employ 1 in 6 workers and are a critical part of Maine’s economy; access to professional development is critical to any organization’s talent attraction and development strategy! After a busy planning period, we are thrilled to highlight upcoming educational programs for this winter and spring that align with […]

Video: What is a Sustainability Mindset?

by Molly O'Connell
Steve Zimmerman of Spectrum Nonprofit Services visited Maine last month for MANP’s 2017 Nonprofit Finance Conference to impart his knowledge on how to develop a “sustainability mindset.” Missed the conference, or just want to share Steve’s perspective with colleagues who weren’t able to attend? We sat down with Steve to capture his thoughts. More on […]

Deconstructing Sustainability

by Guest Blogger
This post is adapted from a chapter in Nonprofit Sustainability: Making Strategic Decisions for Financial Viability, by Jeanne Bell, Jan Masaoka, and Steve Zimmerman and reprinted with permission from the authors. Steve Zimmerman will be offering the keynote address at MANP’s Nonprofit Finance Conference on December 5, 2017! There is still time to register. What is […]

Before you celebrate, ADVOCATE!

by Mary Erin Casale
UPDATE : Thanks to your hard work, the IRS the Treasury Department and IRS announced that it is withdrawing the proposed Gift Substantiation regulation. The withdrawal of the flawed regulatory proposal is very good news for the public, for donors, and for the nonprofit community. The government was convinced that its proposal would have contributed to identity […]

Four Things Every Nonprofit Contracting with Government Should Do

by Molly O'Connell
Watch a one hour webinar at your convenience to learn more about getting reimbursement for your nonprofit’s costs. Free for members! The White House Office of Management and Budget (OMB) rules known as the Uniform Guidance went into effect at the end of 2014, representing “historic reform [that] will transform the landscape … for generations to come.” The changes streamline the […]

Help Desk FAQ: What to Do if Your Nonprofit Status Has Been Revoked

by Molly O'Connell
Nonprofit boards – especially those of small, volunteer-driven organizations – can be caught off guard to learn that their tax-exempt status has been revoked. Most tax-exempt nonprofits must file an annual return or notice with the IRS, and failure to file for three consecutive years results in the automatic revocation of tax-exempt status. The IRS provides a lot of […]

Easier Path to Become a 501(c)(3)? IRS Releases New Form

by Molly O'Connell
In follow-up to this article, we share this Nonprofit Quarterly piece that reports on the impacts of the new form after its first two years, and comments on whether there has been an over-correction by the IRS in streamlining this process. Many small nonprofit have been frustrated (dismayed, discouraged) by long delays in processing applications for […]

Free Guidance on Nonprofit Property Tax Exemption (and More!)

by Molly O'Connell
If your nonprofit owns property, you may be eligible for exemption from property tax. Applying for exemption can be a confusing prospect, however, and charitable organizations are increasingly under pressure from municipalities to pay property taxes, or payments in lieu of taxes (PILOTs) as well, so it’s important to know the particulars. Familiarize yourself with […]

Sit in Your Favorite Place + Get the Answers You Need

by Katrina Ruffner
Did you know the Maine Association of Nonprofits partners with a number of national organizations to connect Maine nonprofits to training, toolkits, research and more? You can access these helpful resources from wherever you like! We’d like to introduce you to our favorite tech teachers, finance friends and risk reducers. At MANP, we like to sit […]