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Irs Revocation Workshop V07.16.11


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For any nonprofits in trouble with the IRS or looking to stay out of trouble, please take the time to review this information. It also addresses grant strategies and fund development.

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Irs Revocation Workshop V07.16.11

  1. 1. Reinstatement Workshop for Nonprofits & Fund Development and Grant Strategic Plans Or in simpler terms, How you may have gotten in trouble, how to stay out of trouble and how to provide maximum benefits
  2. 2. You have questions? Well, so do we…
  3. 3. What are your CSPs?
  4. 4. Challenges Solutions Potential
  5. 5. Challenges that you face today
  6. 6. Almost a 50% jump in 10 years 21.5% are revoked
  7. 7. Getting in trouble… in FIVE easy steps
  8. 8. They must receive your annual 990 form- regardless of income #1-the IRS
  9. 9. <ul><li>990N </li></ul><ul><ul><li>$50K< </li></ul></ul><ul><li>990 or 990 EZ </li></ul><ul><ul><li>$50K-$200K, assets $500K< </li></ul></ul><ul><li>Full 990 </li></ul><ul><ul><li>$200K+, assets $500K+ </li></ul></ul>$50,000? One of the Two things you can be 100% sure of…
  10. 10. NO 990 for three years?
  11. 11. They must receive an annual 199 or 199N form from you #2-the Franchise Tax Board
  12. 12. If you think the IRS is bad <ul><li>The FTB is worse </li></ul>
  13. 13. <ul><li>Their rules are different. </li></ul><ul><li>You must file a return if you make </li></ul><ul><ul><li>> $37,000 in any given year or </li></ul></ul><ul><ul><li>$25,000 in any one year </li></ul></ul><ul><li>Unless, you are a pension plan, IRA, political party or church </li></ul><ul><li>AND you must file a notice if you dissolve or shut down </li></ul>NOTE
  14. 14. Even though your income is tax free, other expenses are not #3-the Board of Equalization
  15. 15. Things to watch out for: Paying sales and use tax on items or personal property Be careful with donated or homemade goods or gifts Do you need a sellers permit??
  16. 16. Do you have Employees or Independent Contractors? #4-the Economic Development Dept. (EDD)
  17. 17. Do you control the outcome?
  18. 18. More powerful that you realize #5-the Attorney General
  19. 19. <ul><li>Nonprofit Integrity Act </li></ul><ul><ul><li>Everything must be registered within 30 days of receipt </li></ul></ul><ul><ul><li>Do you make more than $2M? If so you need an Independent Audit and committee & review of executive comp </li></ul></ul><ul><ul><li>Do you use commercial fundraisers? They must be registered- and you must notify the AG </li></ul></ul><ul><ul><li>Do you conduct raffles? Let them know… </li></ul></ul>NIA of 2005?
  20. 20. What are your biggest pains?
  21. 21. So what if you are revoked? What now? <ul><li>Reinstatement </li></ul><ul><li>Start anew </li></ul><ul><li>Ask for forgiveness </li></ul>
  22. 22. How we can help??
  23. 23. Maybe this is a wake up call??
  24. 24. We offer a range of services <ul><li>Compliance </li></ul><ul><li>Accountancy (CFO on demand) </li></ul><ul><li>Marketing, PR & Events </li></ul><ul><li>Fund development, Grant Strategic Plans (GSP) & Grant Writing </li></ul>
  25. 25. Grant Strategic Plans (GSP) <ul><li>Like a Business Plan for a regular business. </li></ul><ul><li>Did you know? </li></ul><ul><li>Over 90% of all businesses have no plan </li></ul><ul><li>The chances of getting outside financing </li></ul><ul><li>without one? 0% </li></ul><ul><li>We want to make you Grant-worthy … </li></ul>
  26. 26. And what does Grant-worthy even mean ?
  27. 27. <ul><li>The right combination: </li></ul><ul><li>40% grant </li></ul><ul><li>60% “other” </li></ul><ul><ul><li>Donor cultivation </li></ul></ul><ul><ul><li>Planned giving </li></ul></ul><ul><ul><li>Events coordination </li></ul></ul>
  28. 28. 10,206 Foundation in CA per The Foundation Center
  29. 30. <ul><li>No ED (or one without a salary) </li></ul><ul><li>No Board (or one that is not committed, engaged or productive) </li></ul><ul><li>No money… </li></ul>Don’t be a “Shoebox” nonprofit
  30. 31. is not borne by Passion alone... Success
  31. 32. (What is your) Potential? How many can you serve? How many can you help?
  32. 33. Your team Your board Foundations Grant writers Compliance Specialists Accountants NDA
  33. 34. I would rather change my ways and succeed than keep doing what I’m doing and fail. GK
  34. 35. Gitonga Kanampiu, MBA 20 years in the nonprofit world Former Controller Easter Seals, 7 years Writer of countless grants up to $40M A man of humble origins that never gave up Teacher at National University & Cal State Fullerton Summer School for Nonprofits
  35. 36. Next steps:  Do an assessment of your organization  Ask yourself: “Are you serious?”  Call us if we can help
  36. 37. Together we can make a difference