April 14, 2020

IRS Issues Auto-Extension for Form 990 Filings

Most nonprofit organizations are required to annually file a Form 990 with the IRS.  The filing is tied to the nonprofit’s fiscal year end and is due on the fifteenth day of the fifth month after the fiscal year ends.  For organizations with calendar fiscal years, the filing deadline is May 15.  For fiscal years ending June 30, the deadline is November 15.  Under normal circumstances, nonprofits may seek a six-month extension for Form 990 filings by filing Form 8868.  This year is not normal, to say the least.

Tax Exemption
January 27, 2020

Lobbying in Chicago: Nonprofit Compliance Challenges

Is your nonprofit affected by Chicago’s amendments to its lobbying ordinance?  Last summer, the City of Chicago updated applicable lobbying registration and other requirements, including new applicability for nonprofit employees and other advocates.  On January 14, 2020, the Chicago Board of Ethics issued three binding advisory opinions aimed at nonprofit lobbying compliance, with a strong emphasis on ethics and transparency coupled with the promise of more guidance to come. Enforcement of the nonprofit registration provisions in the lobbying ordinance has been delayed until April 20, 2020. Here’s what responsible nonprofit leaders need to know now about Chicago lobbying, and how they can best prepare.

Tax Exemption
January 13, 2020

Donor Naming Rights

Does giving donors naming rights to buildings and programs make for good philanthropy? Careful evaluation and planning are warranted for charitable organizations and their donors. Along with protecting the donors’ tax-deductible gifts, other significant areas to address include manner of recognition, timing, reputational considerations, and changed circumstances.

Fundraising/Tax Exemption

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