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Financial Management

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Help Desk FAQ: What to Do if Your Nonprofit Status Has Been Revoked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those of small, volunteer-driven organizations – can be caught off guard to learn that their tax-exempt status has been revoked.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 […]

Dear Abby for Nonprofits

by Molly O'Connell
MANP offers free and unlimited nonprofit management support to our member organizations via our Nonprofit Management Help Desk, but we’re not the only ones to whom you can turn. Next time questions arise that can’t be answered by an article, guide or sample – as is often the case when theory and real life collide – […]

The Deal that Ended the Shut Down

by Brenda Peluso
From our Friends at the National Council of Nonprofits The deal to end the shutdown provided funding for the federal government through January 15 and extended government borrowing authority (also called the debt limit or the debt ceiling) until February 7. It included minor modifications to the verification requirements for persons receiving health care subsidies […]

Nonprofits Hit Hard by Economic Crisis Assessment

by Brenda Peluso
Last Friday, the Republican Caucus introduced a new tax on nonprofits to offset the cost of partially restoring municipal revenue-sharing to the budget. They are calling it the “Economic Crisis Assessment” which would apply to a broad swath of nonprofits and is designed to raise $100,000,000 per year for at least two years. Here is […]