The 990 and You: Best Practices for Nonprofits

Date: TBD

Time: Summer, 2009

Details: This two and a half hour workshop is offered by Nonprofits Unlimited in partnership with Karla Gulke, CPA. Topics include recent changes that affect ALL nonprofits in filing their 2008 IRS Form 990, best practices for nonprofit financial recordkeeping, and what a board member should know about the organization’s finances. Executive directors, board presidents, board treasurers, and nonprofit bookkeepers are especially invited to attend.  

The IRS filing requirements for annual information returns for nonprofits have changed. To ensure continued recognition of tax-exempt status all nonprofits should be aware of the new IRS filing provisions. Commencing in 2008, groups that were not previously required to file Form 990 or 990-EZ, because their annual gross receipts were normally $25,000 or less, are now required to electronically submit a Form 990-N with the IRS annually. Under the new legislation that takes effect for tax year 2008 many local nonprofits may for the time being use the Form 990EZ. The income parameters for using the new Form 990 however will change over the next few years and certain written policies and procedures need to be in place by then. For more information on the changes see the IRS exempt organization website at: http://www.irs.gov/charities/index.html.

ABC’s for Nonprofit Board Members

Date: Summer, 2009

Time: To be announced

Address: Islanders Bank, Friday Harbor

Details: Have you been asked to join a nonprofit board? Are you considering volunteering for one? Or perhaps you are already on a board and wonder what you’re really supposed to be doing. Nonprofits Unlimited is offering a one day training for new nonprofit board members.

The class consists of three sections

A: Activities of Board Members includes responsibilities of board members, government regulations affecting nonprofits and what a new board member needs to know.

B: Business Basics and Budgets offers information on financial record keeping, reading financial reports, basic budgeting and fundraising strategies for boards.

C: Challenges, Commitments and Connections includes strategies for transforming a group of people into a committed team. Strategic planning, board retreats, and working with hired staff will be covered. Cost is $75 per person. Email or call 378-6104 to register.

How to Start a Nonprofit
Date: On Demand
Address: Islanders Bank

Details: Join Nonprofits Unlimited for a three hour workshop on how to start a nonprofit. Designed for community groups and that are interested in pursing tax exempt status for their organization. Fee is $75 per person or $120 for up to three people from the same group. Email or call for more information.