Special Report on
Mission-Based Management - Trends
Latest Trending Story:
That's the number of nonprofits who have not filed their 990-N yet, and who need to by later today to not put their 501(c)(3) at risk. I posted about this before, but today went to the NCCS website about this issue, and looked for nonprofits near where I live who are at risk-there were dozens; 4-H groups, rescue squads, sports leagues. Some of these groups, no doubt, have gone dormant. In fact, estimates a year or so ago were that about 150,000 (c)(3) organizations nationwide no longer really were in business. But many are...and are in peril of losing their tax exempt status. If you care about nonprofits in your community, ...
We now stand in unprecedented territory. All 50 state governments are in a deficit situation with 2011 and 2012 looking worse (since the federal stimulus funds that many states have used to plug budget holes will run out). This, of course trickles down to counties and municipalities, nearly all of which have their own budget woes. Which leads us to our question of the day: Should real property owned by nonprofits be taxed at the same rates as that owned by for-profits? Before you scream bloody murder, think about it for a moment. Take a city like Boston, with many, many hospitals, ... Read More
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