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Managing The MoneyNonprofits, just like other corporations, must keep tight control of their money. There are many accounting issues to think about such as who signs the checks, what the Treasurer's duties are and how you want to make and follow an organization budget. Other important aspects of the money include fundraising and tax issues. This is a complicated subject and site users should not try to set up any portion of a nonprofit corporation based solely on the information they find on this site. You should work with specialists in each area such as a tax attorney or CPA. "Internal Accounting" on this site
Suggested Internet Links and Printed ResourcesSection 501 of the United States Tax Code. Exemption from tax on corporations, certain trusts, etc.
Alliance for Justice-Nonprofit Advocacy works toward strengthening the voice of nonprofits in the area of public policy debate. They achieve this goal by working with tax-exempt organizations to better understand the laws that regulate them.
America's Charities Good for finding information on smaller charities, those with revenues less than $25,000/yr.
Two sites with Information about donations/gifts
http://www.irs.gov/newsroom/article/0,,id=118196,00.html Center for Lobbying in the Public Interest (CLPI) is an organization that supports and promotes the rights of nonprofits to advocate and lobby in the public interest.
The Charitable Law section of the Ohio Attorney General's office
http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000501----000-.html Charities Review Council-Other Links of Interest
Federal Department of Labor (DOL)
For further information about internal accounting
Grants Grants, etc. University of Michigan-School of Social Work
Government Grants
Internet Basics for Grantseekers-Technology for Nonprofits is provided by the University of Wisconsin at Madison.
The Foundation Center Founded in 1956, the Center is the nation's leading authority on philanthropy and is dedicated to serving grantseekers, grantmakers, researchers, policymakers, the media and the general public.
SRA International Grants Web - The Society of Research Administrators International (SRA International) is a dynamic, nonprofit organization of more than 3,600 professional research administrators representing colleges and universities, hospitals and medical centers, industry, government, independent research organizations and voluntary agencies. Approximately 96 percent of members are among those who manage and administer the multi-billion-dollar U.S. research enterprise. Canadian administrators represent the second largest contingency, with a growing representation from other nations.
Ohio Grant Makers Forum Web site
Ohio Wage Hour Bureau
Internet site with information about taxes (and 501(c) information)
Additional tax exempt information is in section 501(c) of Internal Revenue Code
There are 28 categories of tax-exempt organizations for Federal income tax purposes.
If you want to be to be considered a tax-exempt organization, a 501(c)(3), then you must file the IRS form 1023. Click here for the form and directions
The different filing forms and requirements (for each type of nonprofit) are explained in the instructions for form 990 at the IRS Web site
Information on the rules for filing tax returns with the State of Ohio can be found at the Ohio Attorney General's Office Web site
One of the best Web sites for information about federal tax-exemption and tax filings is under the "Charities and Nonprofits" section at
Information about tax-exempt political organizations can be found at http://www.irs.gov/charities/political/index.html. National Council of Nonprofit Associations (NCNA) is the network of state and regional nonprofit associations serving over 22,000 members in 46 states and the District of Columbia. NCNA links local organizations to a national audience through state associations and helps small and mid-sized nonprofits.
Nonprofit Organizations All About Nonprofit Charitable Organizations Nonprofit Sector Research Fund-The Aspen Institute awards research grants, convenes leaders and disseminates research findings to expand knowledge of the nonprofit sector and philanthropy, improve nonprofit practices and inform public policy related to nonprofits
Section 501(c)(3) (public charity) organizations and section 501(c)(4) (social welfare) organizations need to follow the laws about excise tax in section 4958 of the IRS Code. Information about section 4958 is available at
For specific details about the different types of excise taxes, click below
Start Up/General Nonprofit Information The Urban Institute-Center on Nonprofits and Philanthropy
Center for Nonprofit Management-Articles and Reports
Yale Program On NonProfit Organizations (PONPO)
CharityChannel-Connecting Nonprofit Professionals Worldwide
Taxes and Nonprofits Advantages/Disadvantages of a nonprofit organization
How to Read the IRS Form 990 and Find Out What It Means
Internet Nonprofit Center provides a Database of questions and answers regarding nonprofits that have been exchanged on the Internet.
IRS-Tax Information for Charities and Other NonProfits
Sec. 501-Exemption from tax on corporations, certain trusts, etc.
What Is A Nonprofit Organization-Tax-Exempt Status
Technology and NonprofitsBenton Foundation-Strategic Communications Toolkit
Internet Basics for Grantseekers-Technology for Nonprofits Provided by the University of Wisconsin at Madison.
Internet Nonprofit Center-Information for and about nonprofits
Action Without Borders.
Nonprofit Technologies-A Miser's Guide to Technology and the Internet
The Nonprofit FAQ-Databases Provided by http://www.idealist.org and Action Without Borders
The Nonprofit FAQ-Internet Use Provided by
Tips on Using Database Software or Other Tech. Tools Provided by Jayne Cravens and Coyote Communications
United States Postal Service U.S.P.S-How to Apply for Authorization to Mail at Nonprofit Rates
U.S.P.S-Special Rates for Nonprofit Mailers
U.S.P.S-Who Qualifies for Nonprofit Rates
The Urban Institute-Center on Nonprofits and Philanthropy (CNP) conducts and disseminates research on the role and impact of nonprofit organizations and philanthropy.
What Is A Nonprofit Organization? - Tax-exempt Status Distinguished
Welcome to Give.org collects and distributes information on hundreds of national charities across the country
Yale Program On Nonprofit Organizations (PONPO) offers research aimed at understanding nonprofit organizations and their role in economic and political life.
All of the rules and taxes mentioned above are fairly complicated and you should seek legal advice from a tax attorney or a CPA to make sure that no violations occur.
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