Exempt Organizations Newsletter | December 2023

Exempt Organizations Newsletter

December 2023

Did you miss the Annual Exempt Organizations Conference?  You can access the conference resources! In our last newsletter of the year, we also share how you can create for-profit subsidiaries, plus available financing.

How Nonprofits Can Create For-Profit Subsidiaries
Nonprofits can successfully launch a for-profit subsidiary that creates an income stream without losing charity status.

Availability of Financing for Nonprofits
Do you have options beyond the traditional bank financing to fund your nonprofit?

Exempt Status Rules of IRS Defined Business Leagues - 501(c)(6) Organizations
Trade associations are defined by the IRS as ‘business leagues’.  There are different rules that apply for these organizations to maintain their exempt status.

Recordings Available for the 2023 Exempt Organization Conference
Our Annual Exempt Organizations Conference was held on November 30 and December 1. Topics included an Economic Update, Power of Artificial Intelligence, Credit Losses (CECL) for Nonprofits, Govt Accounting Update and the New Data Collection Form, Cybersecurity Threats, and Solar Power Made Simple.  Go to our website for webinar recordings, slide decks, AI resources, and speaker biographies.

Your Opinion Matters
Let us know your preference for the 2024 Exempt Conference - Virtual or In-Person.

2023 Year-End Tax Planning Guide for Individuals
Now Available! Our 2023 Year-End Tax Planning Guides for Individuals is available to download and print. The 11-page document covers all you need to know to plan for year-end 2023 and 2024.

View the full December newsletter here.