Showing posts with label Non-profit organization. Show all posts
Showing posts with label Non-profit organization. Show all posts
Thursday, June 16, 2011
IRS Automatic Revocation of Tax-Exempt Status
The IRS has published the first Automatic Revocation of Exemption List. It indicates approximately 275,000 nonprofits whose tax-exempt status has been revoked because they failed to file a Form 990, 990-N, 990-EZ, or 990-PF for three consecutive years; the list is available for downloading in both Excel and PDF form. Here's the PDF of the New York State list.
As GuideStar notes, if an organization appears on the list, it must now must file a federal income tax return and pay federal income taxes. If it previously could accept tax-deductible contributions, it no longer can do so. "If your organization is not on the list, technically you don't have to do anything. This a good time, however, to reach out to your donors, funders, and other constituents and assure them that you are in good standing with the IRS. You may also wish to suggest that your supporters consult the list to ensure that the other nonprofits they give to are still exempt."
I'm pleased to note that the Friends of the Albany Public Library is NOT on the list. So you may continue to make your tax-deductable contributions to the organization.
As GuideStar notes, if an organization appears on the list, it must now must file a federal income tax return and pay federal income taxes. If it previously could accept tax-deductible contributions, it no longer can do so. "If your organization is not on the list, technically you don't have to do anything. This a good time, however, to reach out to your donors, funders, and other constituents and assure them that you are in good standing with the IRS. You may also wish to suggest that your supporters consult the list to ensure that the other nonprofits they give to are still exempt."
I'm pleased to note that the Friends of the Albany Public Library is NOT on the list. So you may continue to make your tax-deductable contributions to the organization.
Labels:
Friends of the APL,
IRS,
Non-profit organization
Tuesday, January 04, 2011
Librarians Without Borders Annual Report
Before you review the annual report here's a bit about the organization (from the Librarians Without Borders Web Site)
History
LWB was born in February 2005 by a group of socially-minded librarians who wanted to address the vast information resource inequity existing between different regions of the world. Our vision is to build sustainable libraries and support their custodians and advocates — librarians.
Our Mission
Librarians Without Borders (LWB) is a non-profit organization that strives to improve access to information resources regardless of language, geography, or religion, by forming partnerships with community organizations in developing regions.
Our Values
Libraries have a fundamental role as defenders of intellectual freedom and providers of equal access to information.
Access to information is vital in supporting learning and literacy, reducing poverty, empowering citizens, and building healthy, strong communities.
We do not draw cultural or linguistic boundaries – diversity is embraced; we will work with our partners in their own cultural context and in their own languages.
Our efforts are enhanced by working collaboratively, internally as well as externally with the domestic and international community, to further our mutual goals.
History
LWB was born in February 2005 by a group of socially-minded librarians who wanted to address the vast information resource inequity existing between different regions of the world. Our vision is to build sustainable libraries and support their custodians and advocates — librarians.
Our Mission
Librarians Without Borders (LWB) is a non-profit organization that strives to improve access to information resources regardless of language, geography, or religion, by forming partnerships with community organizations in developing regions.
Our Values
Libraries have a fundamental role as defenders of intellectual freedom and providers of equal access to information.
Access to information is vital in supporting learning and literacy, reducing poverty, empowering citizens, and building healthy, strong communities.
We do not draw cultural or linguistic boundaries – diversity is embraced; we will work with our partners in their own cultural context and in their own languages.
Our efforts are enhanced by working collaboratively, internally as well as externally with the domestic and international community, to further our mutual goals.
Sunday, October 10, 2010
Small Nonprofits in Danger of Losing Tax-Exempt Status
From Guidestar:
"Time is running out for small nonprofits facing loss of tax-exempt status because they have not filed Form 990-N or Form 990-EZ for three consecutive years. The deadline for the IRS's one-time filing relief program is October 15, 2010. After that, nonprofits that (1) are required to file a 990 and (2) whose filings are at least three years in arrears will automatically lose their exemptions. To regain tax-exempt status, they will have to apply to the IRS all over again, a process that can take several months and requires payment of fees."
I went through the list and found over 200 with ZIP Codes starting with 1220.
"Time is running out for small nonprofits facing loss of tax-exempt status because they have not filed Form 990-N or Form 990-EZ for three consecutive years. The deadline for the IRS's one-time filing relief program is October 15, 2010. After that, nonprofits that (1) are required to file a 990 and (2) whose filings are at least three years in arrears will automatically lose their exemptions. To regain tax-exempt status, they will have to apply to the IRS all over again, a process that can take several months and requires payment of fees."
I went through the list and found over 200 with ZIP Codes starting with 1220.
Labels:
IRS,
Non-profit organization,
tax exempt,
taxes
Friday, July 03, 2009
TWO LITERACY ORGANIZATIONS MERGE
Albany, N.Y. – Literacy Volunteers of America—Mohawk/Hudson and Literacy NENY, two of the state’s leading literacy organizations, officially merged July 1 and a new entity, Literacy New York Greater Capital Region, was created.
The new organization will continue to serve individuals who want to improve their reading, writing, math and English fluency skills in Albany, Saratoga, Schenectady, Warren and Washington counties. Literacy New York Greater Capital Region will serve 3,500 square miles in the five-county region.
“This merger is part of the natural progression of the integration and standardization projects we started 18 months ago,” said Robert Stevens, former executive director of Literacy Volunteers of America—Mohawk/Hudson, who will serve as the new organization’s executive director and CEO. “Our work together, led by Literacy New York, our statewide association, on improving intake and assessment of students, tutor training, and collection and reporting of data, made it apparent that there were some real synergies between the two organizations.”
Literacy New York Greater Capital Region anticipates that the merger will result in some operational efficiencies and the resources saved, both financial and human, will be put back into programming to better serve more students.
“Prospective students will benefit from our expanded outreach to engage more tutors, and current students will benefit from having tutors who have research-based, skill-specific training,” said Sue Hensley-Cushing, formerly the executive director of Literacy NENY, who will serve as director of educational services. “Our tutors will be able to take advantage of expanded educational opportunities, and the community will benefit as we continue to help residents improve their reading, writing, math and English fluency.”
Kevin Smith, executive director of Literacy New York, the statewide association, said, “The work that these two boards did in preparing for and executing this merger is a model for what we’re encouraging other literacy affiliates across the state to do. They saw real advantages to joining forces and using resources most efficiently, and the people they serve across the Greater Capital Region will benefit as a result.”
Literacy New York Greater Capital Region’s headquarters will be located at 1510 Central Ave. in Colonie; however, it will maintain existing outreach offices in Saratoga, Glens Falls and Salem. In addition, Literacy Resource Centers at the Schenectady County Public Library and Albany Public Library will continue to operate.
U.S. Congressman Paul Tonko remarked, "I applaud the merger of these two fine organizations that have been successfully serving the needs of adults with limited literacy and language skills in the 21st District for many years. Literacy New York Greater Capital Region enables people to volunteer in support of others. It represents the kind of cooperation and efficiency that is required in these difficult economic times."
Board officers of the new organization are Jo Ann LeSage Nelson, vice president of Pierce Communications of Albany, president; Janet Galligani Casey, Skidmore College professor, vice president; Michael Klein, executive director of the Albany Parking Authority, secretary; and Jennifer Switzer, director of finance, EDC - Warren County, treasurer.
A merger task force comprised of board members from both organizations worked for months on the process and ultimately recommended to both boards that the merger take place. On May 27, both boards unanimously approved the recommendation. The merger became official July 1.
“This merger will allow us to maximize our resources, create efficiencies and help ensure our survival at a time when other not-for-profit organizations are struggling for survival and, ultimately, to serve more students better,” said Stevens.
The Charitable Venture Foundation supported the merger process through the funding of the professional services of the New York Council of Non-Profits.
For more information on Literacy New York Greater Capital Region, visit www.literacynycap.org.
-30-
Literacy New York Greater Capital Region changes lives and builds community by strengthening literacy skills. Its staff and volunteers provide assistance to adults building reading, writing, math and English fluency skills, as they achieve personal and economic goals.
The new organization will continue to serve individuals who want to improve their reading, writing, math and English fluency skills in Albany, Saratoga, Schenectady, Warren and Washington counties. Literacy New York Greater Capital Region will serve 3,500 square miles in the five-county region.
“This merger is part of the natural progression of the integration and standardization projects we started 18 months ago,” said Robert Stevens, former executive director of Literacy Volunteers of America—Mohawk/Hudson, who will serve as the new organization’s executive director and CEO. “Our work together, led by Literacy New York, our statewide association, on improving intake and assessment of students, tutor training, and collection and reporting of data, made it apparent that there were some real synergies between the two organizations.”
Literacy New York Greater Capital Region anticipates that the merger will result in some operational efficiencies and the resources saved, both financial and human, will be put back into programming to better serve more students.
“Prospective students will benefit from our expanded outreach to engage more tutors, and current students will benefit from having tutors who have research-based, skill-specific training,” said Sue Hensley-Cushing, formerly the executive director of Literacy NENY, who will serve as director of educational services. “Our tutors will be able to take advantage of expanded educational opportunities, and the community will benefit as we continue to help residents improve their reading, writing, math and English fluency.”
Kevin Smith, executive director of Literacy New York, the statewide association, said, “The work that these two boards did in preparing for and executing this merger is a model for what we’re encouraging other literacy affiliates across the state to do. They saw real advantages to joining forces and using resources most efficiently, and the people they serve across the Greater Capital Region will benefit as a result.”
Literacy New York Greater Capital Region’s headquarters will be located at 1510 Central Ave. in Colonie; however, it will maintain existing outreach offices in Saratoga, Glens Falls and Salem. In addition, Literacy Resource Centers at the Schenectady County Public Library and Albany Public Library will continue to operate.
U.S. Congressman Paul Tonko remarked, "I applaud the merger of these two fine organizations that have been successfully serving the needs of adults with limited literacy and language skills in the 21st District for many years. Literacy New York Greater Capital Region enables people to volunteer in support of others. It represents the kind of cooperation and efficiency that is required in these difficult economic times."
Board officers of the new organization are Jo Ann LeSage Nelson, vice president of Pierce Communications of Albany, president; Janet Galligani Casey, Skidmore College professor, vice president; Michael Klein, executive director of the Albany Parking Authority, secretary; and Jennifer Switzer, director of finance, EDC - Warren County, treasurer.
A merger task force comprised of board members from both organizations worked for months on the process and ultimately recommended to both boards that the merger take place. On May 27, both boards unanimously approved the recommendation. The merger became official July 1.
“This merger will allow us to maximize our resources, create efficiencies and help ensure our survival at a time when other not-for-profit organizations are struggling for survival and, ultimately, to serve more students better,” said Stevens.
The Charitable Venture Foundation supported the merger process through the funding of the professional services of the New York Council of Non-Profits.
For more information on Literacy New York Greater Capital Region, visit www.literacynycap.org.
-30-
Literacy New York Greater Capital Region changes lives and builds community by strengthening literacy skills. Its staff and volunteers provide assistance to adults building reading, writing, math and English fluency skills, as they achieve personal and economic goals.
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