What The Public Can Find Out About Your Nonprofit

Privacy... everybody is concerned about privacy. And in this online world we’re now in, where everything about you is online... by your own doing, mind you... maintaining some semblance of privacy matters to all of us. But in our company and on our UA-cam channel here, our subject matter is nonprofits. Where does privacy come into play with nonprofits? Or does it at all? Stick around as we talk about just how public your nonprofit information is.
📚 ADDITIONAL RESOURCES:
•VIDEO: Should You Incorporate Your New Nonprofit? • Should You Incorporate...
•VIDEO: How Do You Start a 501(c)(3) Nonprofit? • How Do You Start a 501...
•VIDEO: Form 990: The Public Window Into Your Nonprofit • Form 990: The Public W...
•VIDEO: Do I File Form 990 If I Don't Have 501(c)(3) Status Yet? • Do I File Form 990 If ...
•VIDEO: Which Form 990 Do I File? • Which Form 990 Do I File?
•VIDEO: What Can You Do With a 501(c)(3)? Understanding IRS Charitable Purposes • What Can You Do With a...
•BLOG ARTICLE: What is IRS Form 990? www.501c3.org/what-is-irs-for...
•BLOG ARTICLE: Letter of Determination www.501c3.org/kb/letter-of-de...
🏆 YOUR NEXT STEP:
•Fill out this form for a FREE consultation nonprofit bookkeeping: www.501c3.org/501c3-services/...
•Register for Fundraising TV: www.501c3.org/fundraising-tv/
•Download the FREE eBook “10 Things You Need to Know Before Starting a Nonprofit” bit.ly/3XhFag0
0:00 Introduction
1:09 Corporate Documents
2:09 Federal Transparency - Form 1023
4:51 Back to the State - Charitable Solicitations
5:13 The Public Can Ask for Information
6:12 Conclusion

[@FoundationGroup]

If you need help filing for IRS 501(c)(3) status, we’d love to help. Fill out the form at bit.ly/3i6rFxz or give us a call at 888-361-9445.

[@tonyaarnold2385]

Would you please do a segment on other types of nonprofit and the difference between tax deductible and non tax deductible

[@FoundationGroup]

Sounds great. We'll add that to the list.

[@tonyaarnold2385]

Would you do a segment on group exemption and unincorporated affiliate. What happens when they get revoked and how it must file for incorporation to reinstate

[@FoundationGroup]

We haven't done a group exemption video yet, but we'll try to get to that later this year. Thanks for the idea :) !

[@cjmor6590]

DOES the irs really regularly check to see if you had receipts under 50k for a 990n

[@FoundationGroup]

I'm going to give you a longer answer than you are probably expecting, because your question is worth fleshing out. I think you're asking if the IRS ever audits nonprofits to confirm they qualify for Form 990-N and aren't sandbagging their real revenue total. The answer is pretty much, "No." Audits on nonprofits are pretty rare percentage-wise, and there is no program for random audits. Typically, an audit only happens when something flags the IRS that there is something deserving of a closer look. More often than not, it's something on the Form 990 itself that raises a red flag. Since the Form 990-N contains practically no information, there's really nothing that would raise a flag. Therefore, Form 990-N filers are the least likely to get audited. So theoretically, a larger nonprofit could reduce it's audit exposure by simply lying about it's income and filing a Form 990-N. This would also save a lot of time and money normally spent on preparing a larger Form 990 return. That said, this is also a crime! Intentionally filing a false tax return is a form of perjury and can be criminally prosecuted as a misdemeanor or a felony, depending on the circumstances. So while someone wouldn't likely get caught sandbagging their real gross revenue, the penalty if you are isn't remotely worth the risk.