Non-Profits & the Overhead Myth
When it comes to non-profits, the word “overhead” carries a lot of weight. For example, Form 990 has an entire page dedicated to breaking out an entity’s expenses by type, with a total at the bottom which sums all program, fundraising, and administrative expenses–the latter two collectively known as “overhead.”
Report Suggests Widespread Noncompliance Among Tax-Exempt Sector
On May 8th, the Subcommittee on Oversight of the Committee on Ways and Means held a hearing on the International Revenue Service’s Colleges and Universities Compliance Project Final Report. Released on April 25th of this year, the report was based on an audit of 34 colleges and universities identified as
Reminder: Ohio non-profits must register online
The Ohio charities and non-profits registration process has changed with the launch of the Online Charitable Registration System. The new system, which launched December 1, 2011, aims to eliminate the paper-based process of filing with the Ohio Attorney General. Moreover, the Online Charitable Registration System will increase transparency and accountability