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IRS Updates Filing Requirements for Exempt Organizations

Posted By Charlotte Gill, Wednesday, December 18, 2019

The Taxpayer First Act, enacted July 1, 2019, requires tax-exempt organizations to electronically file information returns and related forms. The new law affects tax-exempt organizations in tax years beginning after July 1, 2019.

 

The following IRS forms are included in the mandate:

• Form 990, Return of Organization Exempt from Income Tax.

• Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation.

• Form 8872, Political Organization Report of Contributions and Expenditures.

• Form 1065, U.S. Return of Partnership Income (if filed by a Section 501(d) apostolic organization).

 

Those who previously filed paper forms will receive a letter from the IRS informing them of the change. Filing deadlines vary by form type. The IRS will postpone the required e-filing of Form 990-EZ for one year, while optional e-filing continues to be available. Although Forms 990-T and 4720 will come under the e-filing requirement next year, the IRS will continue to accept these forms on paper pending conversion to electronic format.

Form 8872

The IRS will no longer accept paper Forms 8872 reporting on periods after 2019. Forms 8872 reporting information for periods starting on or after Jan. 2020, will be due electronically by Section 527 organizations. These include political parties, political action committees and campaign committees of candidates for federal, state or local office.

Among other requirements, most tax-exempt political organizations have a requirement to file semiannual, quarterly or monthly reports on Form 8872. To file electronically, the organization must have the username and password it received from the IRS after electronically filing its initial notice (Form 8871). Organizations can file electronically using the IRS website at IRS.gov/polorgs. To replace a username or password, please contact:

IRS

Attn: Request for 8872 Password

Mail Stop 6273,

Ogden, UT 84201 Fax (855) 214-7520

Form 990 & 990-PF E-filing

Under the legislation, most e-filings won’t be due before Dec. 15, 2020, from charities and other exempt organizations that generally file Form 990 or 990-PF by the 15th day of the 5th month after the tax year-end. In other words, Forms 990 and 990-PF with tax years ending July 31, 2020, and later MUST be filed electronically. Forms 990 and 990-PF filings for tax years ended on or before June 30, 2020, may still be on paper. In the case of a short tax year or certain other circumstances detailed in the 990 or 990-PF Instructions, the IRS will continue to accept paper filing as its systems are yet unable to receive these forms electronically. More information on software providers is available at https://www.irs.gov/e-file-providers/exempt-organizations-mef-providers.

Form 990-EZ Transition Relief

For small exempt organizations, the legislation specifically allowed a postponement (“transitional relief”). For tax years ending on or before July 31, 2020, the IRS will accept either paper or electronic filing of Form 990-EZ, Short Form Return of Organization Exempt from Income Tax. For tax years ending Aug. 31, 2020, and later, Forms 990-EZ must be filed electronically. Generally, Form 990-EZ is for organizations with annual gross receipts less than $200,000 and total assets at tax year-end less than $500,000.

Paper Forms 990-T & 4720

In 2020, the IRS will continue to accept paper forms. These include Form 990-T, Exempt Organization Business Income Tax Return, and Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code. The IRS plans to have these returns ready for e-filing in 2021 (reporting on tax year 2020).

Pre-existing E-file Rules

In effect, the legislation supersedes the pre-existing e-file regulation for large exempt organizations. Until tax years beginning after July 1, 2019, exempt organizations with total assets of $10 million or more at tax year-end that had filed 250 or more returns of any type during the calendar year were required to e-file Forms 990 and 990-PF. E-filing was also required of Form 8872 filers that had or expected more than $50,000 of contributions or expenditures in the calendar year. These prior rules will continue to apply to some e-filings made in 2020.

Form 1065 E-filing

For most Section 501(d) apostolic organizations which use Form 1065, the e-filing legislation won’t apply to returns due before Oct. 15, 2020. Generally, the Form 1065 deadline is the 15th day of the 3rd month after the tax year-end. Appropriate software is offered by the providers listed on the IRS 1065 MeF Providers web-site.

Taxpayer First Act

The Taxpayer First Act aims to expand and strengthen taxpayer rights and to reform the IRS into a more taxpayer friendly agency. The legislation requires the agency to develop a comprehensive customer service strategy, modernize its technology and enhance its cyber security. More information on the Taxpayer First Act is available at IRS.gov.

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If you have a technical or procedural question about Exempt Organizations, visit the Charities and Nonprofits homepage on www.IRS.gov. 

If you have a specific question about exempt organizations, call EO Customer Account Services at 877-829-5500.

Tags:  Accounting  Charities  Finance  IRS  Nonprofit  Reporting  Taxes 

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Member Spotlight: West Palm Beach Library Foundation

Posted By Charlotte Gill, Monday, December 16, 2019

The Mandel Public Library of West Palm Beach provides free quality programs, services and resources that serve more than 750,000 people each year.

 

It’s a huge operation that’s supported by our member West Palm Beach Library Foundation, which raises funds for the library.

 

As our December member spotlight, Nonprofits First asked the Foundation’s Executive Director Tami R. Lesser to explain why the library is known as a center of learning and inspiration that enriches the entire community.

 

Explain why the foundation exists.

 

Tami R. Lesser: The West Palm Beach Library Foundation (WPBLF) was created to raise funds for the Mandel Public Library of West Palm Beach to provide free quality programs, services and resources that serve more than 750,000 people each year and enrich and strengthen our diverse community.

 

Private gifts from individuals, foundations, and the corporate arena create public libraries that are world-class institutions.

 

We are fortunate to have the Mandel Public Library, a community building institution offering unlimited possibility. The Mandel Public Library is a vibrant place where diverse members of the community can gather, grow, learn, and live more productive lives.

 

 What impact do the library programs have in the community?

 

Tami R. Lesser: The West Palm Beach Public Library’s KidSpace programs, workshops, Storytimes, special events and services have a lasting impact for more than 38,000 children and teens who participate and on their families.  The Let’s Read program involves reading to children in preschool through second grade. Teachers have seen a difference in their students reading comprehension skills and test scores. The Homework Center for children and teens has certified teachers, librarians and volunteers to help students with assignments or a project.  The summer academy provides free programs, services and a healthy lunch every day all summer to prevent summer slide. The library offers a myriad of health and art classes to promote healthy choices, exercise, art and creativity that attract hundreds of people every day. 

 

Some of the other services the library provides are:

 

  • Lending books, eBooks, movies, music cd’s, downloadable music, movies and audiobooks, magazines, audiobooks on cd, and other information formats.
  • Professional assistance with research, computer use, job hunting, use of e-government services, and utilizing library collections and the internet to get valid.
  • Aiding young adults 16 – 25 years old that are struggling with completing high school, securing employment or gaining the skills to become successful citizens.
  • Computers for patrons, many of whom have no other access to the internet, that helps bridge the "digital divide" and allow them to apply for jobs, utilize government services, and learn.
  • A wide variety of library programs:  Career-Readiness Classes, Yoga, Pilates, Tai Chi, Latin Cardio, Computer Classes, Book Clubs, Art Classes, Job Hunting Classes and many more. 
  • Homework Help, Dog Tales, Coding Classes, Storytime’s, Ballet, Karate, Cooking and Summer Reading programs and classes.
  • Access to a vast array of online commercial databases and magazine articles (not available on the internet to non-library card holders), as well as specialized library informational websites.

 

 

How can the community support your work?

 

Tami R. Lesser: Support of the West Palm Beach Library Foundation is an investment in the entire community.

 

Your gift benefits children, teens, adults, and seniors from all walks of life, whose lives are enriched every day at the Mandel Public Library of West Palm Beach. Our public library is a community builder and a safe space for children, teens and adults to learn, grow, explore and be inspired. Individuals and businesses can contribute gifts of any size to support the free programs and services and can donate event sponsorships for our main event “Food for Thought 2020.”

 

We also have naming opportunities that range from a $2,000 name plate to a $2.5 million gift to name the Children’s Library. It’s a meaningful way to offer recognition or to honor or memorialize a loved one. The Library Foundation relies on the generosity of our community members, foundations and businesses to support our beloved library and ensure that it will continue to be a center of learning and inspiration that enriches the entire community.

 

Why is the WPBLF a member of Nonprofits First?

 

Tami R. Lesser: WPBLF became a member of Nonprofits first to connect and engage with our colleagues and other organizations in the nonprofit community. We hope to learn and benefit from the many educational opportunities provided by Nonprofits First. We also want to find additional opportunities for the Mandel Public Library to partner with other nonprofits to bring more of the wonderful library programs out into the community and expand access to the library for the benefit of the community.

 

 Learn more about the West Palm Beach Library Foundation here.

 

If you know a great story about a local nonprofit, please share it with Charlotte Gill, Nonprofits First’s director of development and business strategies. Her email is: cgill@nonprofitsfirst.org

Image credit: Facebook page of West Palm Beach Library Foundation

 Attached Thumbnails:

Tags:  Charities  Cultivate  Membership  Network  Nonprofit  Nonprofit Philanthropy  Palm Beach County 

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Nonprofit Financial Management Network Provides Opportunities to Collaborate With Financial Peers

Posted By Charlotte Gill, Monday, November 25, 2019

Nonprofit Financial Management Network Provides Opportunities to Collaborate With Peers

 

In 2016, financial leaders at The Arc of Palm Beach County, Community Partners of South Florida, The Lord’s Place, Nonprofits First, and Palm Beach Habilitation Center came together to establish a resource for nonprofit financial managers to collaborate and learn from one another.

 

“The Nonprofit Financial Management Network (NFNM) has created an opportunity to bring our nonprofit financial leaders together to learn, share ideas, and network with their peers in Palm Beach County. Without a doubt, we are creating a valuable resource for our nonprofit community,” says Toby Douthwright, Chief Operating Officer at The Lord’s Place.

 

Opportunities to participate in the NFMN include quarterly trainings, roundtables, and networking events. At a recent training held at Community Partners of South Florida, Keefe and McCullough CPA’s and Trusted Advisors presented to 45 financial professionals on Cost Allocations for Nonprofits. In early November, the group gathered for networking at the West Palm Beach Brewery and Wine Vault. Among those gathered were representatives from Healthy Mothers, Healthy Babies Coalition of PBC, Hanley Foundation, Loggerhead Marinelife Center, First Republic Bank, Adopt A Family of the Palm Beaches, Community Partners of South Florida, The Lord’s Place, The Arc of Palm Beach County, 211 Palm Beach/Treasure Coast, Holyfield & Thomas, Palm Beach Habilitation, and Nonprofits First.

 

Gregory Demetriades, Chief Financial Officer of Community Partners of South Florida says, “we created the network to serve as a resource to the financial managers of the Palm Beach County nonprofit world, regardless of organizational focus or purpose.  We felt that, unlike other senior positions in nonprofit organizations, our profession lacked the recognition of the industry and cohesiveness of an organized support group. The group brings relevant and important issues to the table and engages the individuals that needed it the most – our nonprofit financial peers.”

 

For more information or questions regarding the Nonprofit Financial Management Network, contact Delferine Spooner at Dspooner@nonprofitsfirst.org or 561-214-7435.

Tags:  Charities  Finance  Financial Empowerment  Leadership  Membership  Network  Nonprofit  Nonprofit Finance 

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Lois Kwasman Community Impact Grant Given by Executive Women of the Palm Beaches Foundation

Posted By Charlotte Gill, Monday, November 25, 2019

Executive Women of the Palm Beaches Foundation 

Present the 2019 Kwasman Grant & Honor Scholarship Recipients at 

Annual Fall Luncheon 

Making a Difference in the Lives of Girls & Women in our Community 


Palm Beach County, FL- (November 4, 2019) Executive Women of the Palm Beaches Foundation (EWPBF) hosted their annual Fall Luncheon on October 29, 2019 at the West Palm Beach Marriott. Over 100 members of EWPBF and guests attended this exciting event that honored their 2019 scholarship recipients and announced the winner of the 2019-2020 Lois Kwasman Community Impact Grant. Frances Fisher served as Honorary Chair of the luncheon.


EWPBF’s Kwasman Grant is a $20,000 grant awarded over two years to local non-profit organizations whose programs are designed to assist girls and young women ages eight to 24 in Palm Beach County who lack hope or need help in developing life skills.  These programs focus on helping participants gain self-confidence and become resourceful and self-sufficient, thus positioning them for a successful life.  


The EWPBF 2019 Kwasman Grant winner was Healthy Mothers, Healthy Babies Coalition of Palm Beach County and its Caps & Cribs Teen Mom Mentor Program.  This one-on-one mentor program supports the educational, life, career and parenting goals of teen mothers in Palm Beach County. Volunteer mentors are matched with pregnant or parenting teens in high schools to provide guidance, inspiration and real-life experience in a trusting environment, with the goal of empowering these young women to stay in school, develop post-secondary education goals and become independent, self-sufficient mothers.


Best Foot Forward, an agency that offers programs promoting academic success to foster care youth was given the second half of the grant they were awarded in 2018.


The two other finalists included: Student ACEs - Women ACES (Attitude, Confidence, Embrace, Support); and YWCA of Palm Beach County - Youth Empowerment (Y-Girls/Y-Teens/Just-US Girls). 


The 2019-2020 Kwasman Grant Nominations included: Adopt-A-Family of the Palm Beaches; Alliance for Eating Disorders; Alliance of Woman Executives (AWE); Families First; Girl Scouts of SE Florida; Girls 2 Women; Healthy Mothers, Healthy Babies Coalition of PBC; Holy Ground; Open Door - Breaking Family Cycles; Pace Center for Girls; Path to College; Philanthropy Tank; Place of Hope; Quantum House; Speak Up for Kids; Student ACES; Talented Teen Club; Women Empowering Women in Recovery; Women's Foundation of Florida; and YWCA. 


The Lois Kwasman Program for Community Impact was established in 2004 in memory of EWPBF board member Lois Cohn Kwasman.  The Kwasman Program provides EWPBF with an avenue to make an impact in our community, through grants designed to support efforts that assist the under-served, needy or less fortunate.  


To date, EWPBF has awarded over $330,000 through the Lois Kwasman Program for Community Impact. 


This year thanks to the support of EWPBF sponsors, partners and donors, the Foundation was responsible for 20 scholarships totaling $39,500.  The 2019 scholarship recipients include: Tonya Allegretti, Jessica Bailey, Julia Breslow, Jessica Caplin, Ivonne Castro, Floren Cernemus, Anne Phoebee Francois, Christal Grant, Alondra Maria Hernandez, Morgan Hirchert, Victoria Magaldi, Loren Mosley, Maria Pedro, Holly Rand, Marie Sintulaire, Dayana Torres, Gina Vallarella, Marianna Vallejo, and Lanika Vernice. 


Luncheon sponsors included: Frances Fisher, Florida Atlantic University, Keiser University, Palm Beach Atlantic University and Palm Beach State College. 


About: Executive Women of the Palm Beaches Foundation (EWPBF)

Executive Women of the Palm Beaches Foundation, Inc. was founded by senior professional and executive women in Palm Beach County, Florida, to support and advance women in business and community leadership. Today, EWPBF’s membership includes leaders in arts & culture, banking, business, construction, education, finance, government, healthcare, law, marketing, non-profit management, publishing, real estate, utilities, and many other business endeavors in Palm Beach County. For more than 35 years, the foundation has contributed to growing the status of and opportunities for girls and women in Palm Beach County. The organization has awarded more than 200 scholarships to deserving young women and over 40 significant grants to local nonprofit programs. EWPBF is dedicated to inspiring women personally and professionally for the betterment of business and the community. 

For more information about the Executive Women of the Palm Beaches Foundation, please visit www.ewpb.org.



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Tags:  Charities  Cultivate  Fundraising  Membership  Nonprofit  Nonprofit Philanthropy  Palm Beach County 

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20 PBC Nonprofit Professionals Begin Leadership Program

Posted By Charlotte Gill, Tuesday, November 19, 2019

(WEST PALM BEACH, FL) November, 19, 2019 – Twenty Palm Beach County nonprofit professionals have been accepted into the Rising Leaders program presented by Nonprofits First. The nonprofit leadership program is a competitive 6-month program that prepares nonprofit program managers to transform into the sector’s new generation of top leaders.

 

Rising Leaders Class of 2020

Schiller Ambroise, Community Partners of South Florida

Altagracia Andre, Center for Family Services of Palm Beach County

Amanda Canete, Compass LGBTQ Community Center

Blanca Cartagena, Lake Worth West Resident Planning Group

Jennifer Crane, Community Partners of South Florida

Ericka Estime, City of West Palm Beach, Department of Housing & Community Development

Nancy Finn, CHSFL/BRIDGES at West Palm Beach

Christopher Gay, Palm Beach County School District

Richard Haines, Urban League of Palm Beach County

Natashia Harris. The Lord's Place

Lashaundra Highsmith, Palm Beach County Food Bank

Susan LaRocca, The Lord’s Place

Ana Lopez, Community Partners of South Florida

Wynsome McLean, Community Partners of South Florida

Matthew Meek, Easterseals Florida

Kemba Pinkston, Children's Home Society of Florida

Brian Rowe, CROS Ministries

Jonathan Taylor, Police Athletic League of West Palm Beach

Robbriannia Weekley-Johnson, YWCA of Palm Beach County

Javaris Yarns, Children's Home Society of Florida

 

Participants will acquire a deeper understanding of their own leadership styles while gaining hands-on experience in strategies for leading their programs and organization to a high level of impact and success.

 

The Rising Leaders experience fosters interaction, discovery, dialogue, and servant leadership as participants increase skills to lead the nonprofit field. Alumni of the program transfer skills directly to their current roles and many go on to serve in executive level positions in the nonprofit sector.  Nonprofit organizations are a major economic force in Palm Beach County, employing nearly 30,000 people with total annual wages of almost $1.2 billion in Palm Beach County alone (see Florida Nonprofit Alliance’s website for more eye-opening info about the nonprofit sector in the Sunshine State).

 

The class members were nominated by their managers and selected for their leadership qualities, passion for their missions, and eagerness to learn new skills. They will meet as a group for one full day each month, from November to June, engaging in topics such as new models of leadership, driving social change, public speaking, and critical thinking and decision-making. They will also conduct an extracurricular small group project designed to assist a local charitable or civic organization.

 

“Rising Leaders is the next generation of leadership in the nonprofit sector, succession planning at its best,” said Jessica Cecere, CEO of Nonprofits First.

 

Rising Leaders has graduated over 325 nonprofit leaders since the program launched in 2005.

 

 

NONPROFITS FIRST, INC.

Nonprofits First is a membership organization focused on enhancing the nonprofit community’s effectiveness, efficiency, and ultimately impact.  The vision of Nonprofits First is a community in which nonprofit organizations achieve their highest level of community impact. Nonprofits First strengthens the nonprofit sector through accreditation, leadership development, education, and management support services.  For more information, visit www.nonprofitsfirst.org

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Tags:  Collaborations  Leadership  Network  Nonprofit  Nonprofits First  Palm Beach County  Professional Development  Rising Leaders 

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