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The Big Data Explosion and the Demand for the Statistical Tools to Analyze It - ReadWriteCloud

If The Graduate were remade today, the advice to young Benjamin Braddock might be "just one word... statistics." More...

The Big Data Explosion and the Demand for the Statistical Tools to Analyze It - ReadWriteCloud

If The Graduate were remade today, the advice to young Benjamin Braddock might be "just one word... statistics." More...

Setting Nonprofit Salaries

The Nonprofit Quarterly featured this helpful insight by Rick Cohen into the salaries of nonprofit leaders in its latest Nonprofit Newswire, a roundup of nonprofit news. What is Happening to Salaries of Nonprofit Leaders Nearly every week we see a couple of articles taking stock of the pay for nonprofit executives, like this one from the [...] More...

Fall Workshop for 501(c)(3)’s from IRS on 10/12

Thanks to Christine Curtis, IRS Stakeholder Relations for alerting us: The IRS is offering a workshop in Vermont for tax exempt small and mid-size 501(c)(3) Organizations and registration is now open for the October 12 session at Vermont Law School in  South Royalton VT. Register Today. This one-day workshop, presented by experienced [...] More...

What is an Advisory Board and Should We Have One?

Board Cafe logoRecently several Blue Avocado readers have written to say their organizations are considering creating advisory boards or advisory committees of one kind or another. At the same time, others write to ask how to disband troublesome or obsolete advisory committees. Here are some guidelines for advisory committees, as well as a sample letter inviting an individual to join such a group:

The board of directors of a nonprofit organization is its legal, governing body. In contrast, an advisory board does not have any formal legal responsibilities. Rather, an advisory board is convened by the organization to give advice and support.

Probably the most common experience nonprofits have with advisory boards is that they invite people successfully onto such a board, and then fail to have that board accomplish…

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October 15 Deadline for VT Nonprofits with Lapsed IRS Status

Vermont’s Associated Press reported today on the pending IRS 10/15 deadline for Vermont Nonprofits who’s tax exempt status has elapsed. They say: The IRS says Vermont’s 1,100 nonprofit organizations have until October to meet a filing deadline or face losing their tax-exempt status. The Pension Protection Act of 2006 requires small tax-exempt organizations [...] More...

Press Release: Welch works to notify Vermont nonprofits of looming IRS deadline

As reported by Common Good Vermont throughout the summer, up to 20% of Vermont nonprofits could lose their tax-exempt status as a result of improper filing. To address this threat to some of our state’s most vital organizations, Rep. Peter Welch (D- VT) is taking steps to help sustain those nonprofits that might be threatened. Official [...] More...

Public Assets Institute on Budget Cuts and Vermont’s Future

Jack Hoffman of the Public Assets Institute offers one take on the state budget of interest to nonprofits the gaps created by cuts in Vermont state services. In light of state budget cuts he says: There are fewer state employees, who have less money to spend, but they’re expected to do the [...] More...

Northshire Nonprofit Network: Managing NPO Finances on 8/6

Our friends at Northshire Nonprofit Network continue to offer a fine selection of workshops/ networking events with the Friday, August 8th session slated for 8 a.m. at the Mark Skinner Library (48 West Road) in Manchester. Don Keelan, CPA will present and lead the discussion about Interpreting, Managing, and Internal Controls for Financial Statements [...] More...

Proof of Life: Is Your Small Nonprofit Alive?

Proof of life: In a few months, this term could have important implications for small organizations (less than $25,000 in expenses) and their nonprofit status; so read on and prepare. It used to be that a nonprofit could lie dormant (or forget to file its 990) for years -- decades even -- without being de-registered by the IRS. But now small groups must file their Form 990N before October 15, 2010 in order to show they are still alive; otherwise they will automatically lose their tax exempt status.

Click here for the IRS web page where you can get the information and complete the form. Note that the October 15 deadline is an extension from the date stated on the site.

The good news about this new regulation requiring nonprofits to file once a year is that it will help correct the falsely inflated number of nonprofits on the books. The bad news is that some great organizations with less than $25,000 in…

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