By nature, nonprofits operate with the selfless assistance of volunteers. However, what if we told you that nonprofits also have paid employees who rely on regularly scheduled paydays? Nonprofits face payroll challenges similar to those of for-profit businesses Just...
Nonprofit
Does the FLSA Apply to Nonprofits?
Is your nonprofit subject to the FLSA? The answer isn't a simple yes or no. Nonprofits fall into a special category, but fortunately, the Department of Labor has provided guidance in this area. In brief, says the DOL, there are two ways in which an employee can be...
What Nonprofits Need To Know About Form 990
Nearly all the approximately 1.74 million organizations recognized as tax exempt by the IRS must file Form 990 or another form in the same series annually. Organizations making less than $200,000 in revenue and having less than $500,000 in assets must file Form...