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Nonprofit News March 2010

Nonprofit News March 2010

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Published by Mike DeWine

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Published by: Mike DeWine on Mar 25, 2010
Copyright:Attribution Non-commercial No-derivs

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03/25/2010

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P
ROFESSIONAL
 
SOLICITATION
 
REGISTRATION
 
DEADLINE
 
IS
 M
ARCH
31
 
There has been a 4.3 percent increasein the number of charities andfoundations throughout the U.S.,according to the latest figuresreleased by The Internal RevenueService.The IRS reports that from 2008 to2009, the list of 501(c)(3)organizations grew from 1,186,915groups to 1,238,201 organizations,according to its annual data book justissued for 2009.In other information from the IRS, preliminary data from tax returnsfrom 2008 suggests charitabledeductions appear to have dropped by7.2 percent. In 2007 $174.5 billion indeductions were claimed. The figuredropped to $161.9 billion in 2007.The drop is attributed to the economicdownturn. Finalized information will be available in a few months.The IRS has been trying to get themessage out to the nonprofit communitythat most tax-exempt organizations, other than churches, must file a yearly return or notice with the IRS. If an organizationdoes not file as required for threeconsecutive years, it will automaticallylose its tax-exempt status. That wouldrequire the group to file income tax returnsand pay income taxes, and that itscontributors will not be able to deductdonations.For information on what returns need to befiled, check out http://www.irs.gov/ charities/article/0,,id=217087,00.html All professional solicitors must register annually with the Ohio Attorney General’soffice and the deadline for renewals is fastapproaching. Solicitors have until March31 to register. Soliciting Ohioans for charitable contributions without being properly registered is illegal unless thesolicitor is a volunteer or staff member of a nonprofit.Professional solicitors, who are generallycommercially engaged in fundraisingactivities on behalf of charities, haveregistration requirements in most states.Lawmakers have adopted these measuresin an effort to protect consumers andcharities. State and federal laws regulatethe activities of professional solicitors inan effort to prevent fraud.Charities that decide to retain professionalsolicitors on their behalf need to ensurethat the solicitors they are using are properly registered in the states wherethey ask for gifts, and those requirementswill vary by state.
N
ATIONAL
 
CHARITY
 
AND
 
FOUNDATION
 
NUMBERS
 
SURPASS
1.2
MILLION
 G
ROUPS
 
RISK 
 
LOSS
 
OF
501(
C
)(3)
STATUS
 
FOR 
 
FAILURE
 
TO
 
FILE
 
FEDERAL
 
RETURNS
 
As taxpayers file their state and federalincome taxes, citizens should double-check to make certain that charitabledeductions being claimed are made inconnection with eligible organizations. Not all nonprofit or exempt organizationsqualify. Only gifts made to charitablegroups qualify for tax deductions.Wise donors will always confirm withorganizations about the deductibility of their gifts. Notes about deductibility areoften included on receipts for donations.For more information about thedeductibility of charitable donations,check out the IRS publication that outlinesvarious issues connected with thedeductibility of donations athttp://www.irs.gov/publications/p526/ar02.html#en_US_publink1000229641 
T
AXPAYERS
 
SHOULD
 
AVOID
 
CHARITABLE
 
DONATION
 
SCAMS
 
Continued on page 2

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