Online Communication Tools for Nonprofits

Informative post on Connection Cafe (here)

Looking for “Nonprofit” Statistics?

here are a couple of resources: do you have others you’d recommend?

Wages in the Nonprofit Sector Bureau of Labor Statistics http://www.bls.gov/opub/cwc/cm20081022ar01p1.htm

from the Urban Institute

The Nonprofit Sector in Brief  Facts and Figures from the Nonprofit Almanac 2007 http://www.urban.org/UploadedPDF/311373_nonprofit_sector.pdf

Unrelated Business Income

Does your organization generate income from an on-going business venture that is not directly related to your mission? Maybe you rent some rooms in a building you own to another business. Perhaps in addition to selling merchandise to your membership, you sell items to non-members, as well. If your tax exempt organization if generating $1,000 or more in gross income from an unrelated business, a Form 990-T must be filed with the IRS. It is possible that taxes will be due on that unrelated income.

The IRS describes unrelated business taxable income (UBTI) as “income from a trade or business, regularly carried on, that is not substantially related to the charitable, educational, or other purpose that is the basis of the organization’s exemption.” to include “all gross income, less deductions directly connected with producing that income, but not including exempt function income.”

“Exempt function income” is gross income from dues, fees, charges, or similar items paid by members for the purposes for which exempt status was granted to the organization. Exempt function income also includes income that is set aside for qualified purposes.

Contact your accountant or tax professional if you have any questions.

Here are a few resources for further reading:

Resources:

IRS website  

IRS Publication 598, Tax on Unrelated Business Income of Exempt Organizations

Stay Exempt  

Idealist.org