Resource Center: FAQs

To guide you through the questions, we have grouped them into the following categories. We will continue to post new questions and answers, so if you don’t find the information you are seeking, feel free to contact us with your question. You may also want to bookmark this page and return later to view new FAQ postings.


Not-for-Profit Audit
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  1. Our organization has just received a Government contract for over $500,000. Do we need an A-133 audit?
  2. When is a not-for-profit organization required to have an audit?

Not-for-Profit Tax Filing
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  1. We have filed our Federal Form 990 for the year. Are there any other returns that we will need to file?
  2. How does an organization determine whether or not to file Federal Form 990?
  3. When is Federal Form 990 due?
  4. Can my organization get an extension of time to file Form 990?
  5. We are having a fundraiser for the first time this year. The tickets cost $100. Is 100% of this amount deductible to the contributor? Are there any special contribution acknowledgements we need to be aware of?
  6. What are the requirements for acknowledging contributions?
  7. What are the donor’s substantiation requirements?
  8. When would a charitable organization be exempted from providing a copy of its Form 990 when requested?
  9. Our organization is a 501(c)(3). Are we allowed to lobby?
  10. Our organization has someone who works for just three days a week. Can we issue a Form 1099 at the end of the year?

Not-for-Profit Start Up
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  1. What do I need to do to become a 501(c)(3)?
  2. What does it mean to be Fiscally Sponsored?

Financial Management
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  1. How do I prepare a budget?

Board Development
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  1. Our organization has just developed a Board of Directors. How many committees should we have?



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