by MCCITStaff | Nov 21, 2024 | Nonprofit
The hubbub of the year-end giving season, combined with holiday absences, can make your nonprofit vulnerable to fraud. You’ll need to be particularly vigilant if you generally rely more on volunteers this time of year, hold special fundraising events or intend to give...
by MCCITStaff | Nov 21, 2024 | Human Resources, News
On November 15, the U.S. District Court in Texas struck down the U.S. Department of Labor’s (U.S. DOL) ruling regarding the salary threshold for exempt employees. The salary threshold increase, which was scheduled to take effect on 1/1/25, will no longer be put in...
by MCCITStaff | Nov 13, 2024 | Nonprofit
How is your nonprofit’s 2025 program budget looking? Unfortunately, some organizations may have to try to do more with less next year because donations and grants have fallen off. Even if your income is relatively stable or rising, you’ll want to ensure you’re making...
by MCCITStaff | Nov 13, 2024 | Nonprofit
If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when calculating unrelated business income tax (UBIT). However, income from debt-financed property typically is taxable. So it’s important to segregate income...
