How to thank a volunteer
Avoid cash and gift card so your volunteers don't have taxable income to report for your gift.
Who owns a nonprofit?
A homeschool leader asks who owns a nonprofit?
Filing Form 990 retroactively
Carol, I hope you can help me I am a newly hired Executive Director for a program in Alaska. Our Board President, filed the paperwork for state non-profit, and also for our EIN, however since 2007 he has not filed…
No receipts for expenses can get you in trouble!
A new treasurer of a large homeschool co-op recently contacted me. The co-op had a long standing practice of giving checks to all the volunteer co-op teachers at the beginning of the school year. These checks were to be used…
Handling supply fees in a co-op
Handling supply fees in a co-op
Checking accounts and EINs for homeschool groups
A homeschool leader is told she needs a tax ID number to open a checking account.
Group over the $5K limit. What to do?
A homeschool leader wonders what are her choices for her group that bring in more than $5,000/year.
More Parents Opting for Homeschooling
Carol Topp quoted talking about homeschool co-ops and all the opportunities available to homeschoolers in this article from EpochTimes.
Can we “self proclaim” tax exempt status?
The IRS explains that 501(c)(7) social clubs do not have to file an application to be considered tax exempt:
Financial Reports: What and how often?
Carol, Thank you for your wonderful words of wisdom. I am looking for a simplified report to publish every month in our newsletter. Would QuickBooks give a report that fit the needs of what is required for non-profit? It seemed…