NEWS

Nonprofit Organization Updates

Valuing and reporting gifts in kind and donated services
October 12, 2017

Not-for-profit organizations don’t receive only cash donations. Your support also likely comes in the form of gifts in kind and donated services. But even when such gifts are welcome, it can be challenging to determine how to recognize and assign value to them for financial reporting purposes.
READ MORE >

When does your nonprofit owe UBIT on investment income?
July 18, 2017

In recent years, the IRS has increased its scrutiny of not-for-profits’ unrelated business income (UBI). Dividends, interest, rents, annuities and other investment income generally are excluded when calculating unrelated business income tax (UBIT). However, there are two exceptions where such income is taxable.
READ MORE >

Nonprofit Organization Deadlines

Don’t miss these important deadlines for your NFP organization
  • December 31 year end
    • Form 990 and PC
      • Due May 15
    • Massachusetts Uniform Financial Report (UFR)
      • Due May 15
    • Data Collection Form
      • Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end
  • June 30 fiscal year end
    • Form 990 and PC
      • Due November 15
    • Massachusetts Uniform Financial Report (UFR)
      • Due November 15
    • Data Collection Form
      • Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end
  • September 30 fiscal year end
    • Form 990 and PC
      • Due February 15
    • Massachusetts Uniform Financial Report (UFR)
      • Due February 15
    • Data Collection Form
      • Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end