Reminder: IRS Form 990 Due Date

By |2025-04-28T09:08:54-05:00April 28th, 2025|501(c)(3), Nonprofit, Taxes|

Reminder: IRS Form 990 Due Date Most tax-exempt organizations are required to file an “annual report” (Form 990) with the IRS each year. For organizations whose accounting year is the calendar year, the due date is May 15. It’s important to file each year – organizations that fail to file the annual report for three consecutive years will have their tax-exempt status automatically revoked. Click here for more details on Form 990 due dates. Form 990 has different versions depending on gross revenues. Generally, if your gross revenues are $50,000 or less, you qualify for Form 990-N. If your revenues [...]

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April 21, 2025 Legal Update

By |2025-04-21T19:56:49-05:00April 21st, 2025|501(c)(3), Compliance, Nonprofit|

We have been collecting reports about recent threats to nonprofit organizations, especially those focused on climate advocacy, immigration and international aid. Many are also concerned about potential challenges to Harvard’s tax-exempt status.These concerns are real, and your questions are valid, but much of what’s circulating about sector-wide impacts is rumor. That said, some rumor may evolve into concrete threat. Trust that we are keeping an eye on issues that may impact our clients.Remember, there are laws in place. Many threats, if acted upon, may not be lawful and will likely be challenged.For peace of mind, please remember:A President cannot [...]

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Federal Judge Blocks Key Provisions of Trump’s Executive Orders on DEI

By |2025-02-25T17:39:06-06:00February 25th, 2025|501(c)(3), Compliance, Nonprofit|

On Friday, a federal judge in Baltimore issued a preliminary injunction blocking the Trump administration from terminating or altering federal contracts deemed equity-related, citing potential constitutional violations, including infringements on free speech. Plaintiffs argued that two executive orders, Ending Radical and Wasteful Government DEI Programs and Preferencing and Ending Illegal Discrimination and Restoring Merit-Based Opportunity, exceeded presidential authority by attempting to override Congress’s exclusive power of the purse. They also contended that the orders unlawfully sought to silence those who disagreed with the administration by threatening loss of federal funding and other enforcement actions. The lawsuit specifically challenged the [...]

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Webinar: Legal Updates for Nonprofits

By |2025-01-30T16:09:42-06:00January 30th, 2025|Compliance, Events, Nonprofit|

Join us for legal updates on issues affecting nonprofits and the communities they serve. We will share what we know (and what we don't!), with a focus on how to keep moving forward. Webinar will not be recorded. Scholz Nonprofit Law Jeff Mandell from Law Forward Grant Sovern from Quarles & Brady / Community Immigration Law Center Thursday, February 6, 2025 11 - 12:30pm CST Registration required. Questions about the webinar?  Email:  [email protected] Substantive client questions?   Email:  [email protected]

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REMINDER: IRS Reporting

By |2025-01-15T01:32:04-06:00January 15th, 2025|501(c)(3), Nonprofit, Taxes|

Thank you for the opportunity to work with you. We greatly appreciate the contributions you make in the community and the trust you place in us to assist you. We look forward to being able to serve you in 2025. This is a reminder that all nonprofits have an obligation to submit various reports to the IRS and to the state each year. Below is an explanation of these key tax filings and their deadlines: 1) Form 1099 – You may be required to issue Form 1099-MISC for miscellaneous payments such as rent or Form 1099-NEC for payments to [...]

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Employment Law Updates

By |2024-11-21T16:14:51-06:00June 5th, 2024|501(c)(3), Compliance, Employment, Nonprofit|

EMPLOYMENT LAW UPDATES New Minimum Salaries for Exempt EmployeesUnder the Fair Labor Standards Act (SLFA), employees with sufficiently high salaries are categorized as “exempt,” meaning they are not entitled to overtime pay. On April 23, the US Department of Labor (DOL) finalized a rule that will increase the minimum salary required to categorize an employee as exempt. Currently, employees who fall under the white-collar exemption (such as administrators, managers, and teachers) must earn a salary of at least $684 per week or $35,568 annually to be considered exempt under the FLSA. Under DOL’s new rule, this minimum salary [...]

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Key Tax Filings and Deadlines for 2024

By |2024-06-13T22:08:16-05:00January 24th, 2024|501(c)(3), Compliance, Nonprofit, Taxes|

Dear Scholz Nonprofit Law clients, current and past, and friends in the community: Thank you for the opportunity to work with you. We greatly appreciate the contributions you make in the community and the trust you place in us to assist you. We look forward to being able to serve you in 2024. This is a reminder that all nonprofits have an obligation to submit various reports to the IRS and to the state each year. Below is an explanation of these key tax filings and their deadlines: 1) Form 1099 – You may be required to issue Form [...]

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Meet our new associate attorney, West Foster

By |2023-07-11T21:39:41-05:00July 11th, 2023|501(c)(3), Nonprofit|

Dear clients, friends, and Wisconsin nonprofit community, We are excited to introduce our new associate attorney, West Foster. West joined us this May after graduating from the University of Wisconsin Law School. Prior to joining Scholz Nonprofit Law, he interned for Chief Judge Peterson at the Federal District Court for the Western District of Wisconsin and worked at UW’s Law and Entrepreneurship Clinic, where he provided free legal support to cooperatives, nonprofits, and small businesses. He brings to Scholz Nonprofit Law his passion for cooperatives and will expand the kinds of social enterprise that we support. On that [...]

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Key tax filings and deadlines for 2023

By |2023-01-16T23:17:45-06:00January 16th, 2023|501(c)(3), Nonprofit, Taxes|

Dear Scholz Nonprofit Law clients, current and past, and friends in the community: Thank you for the opportunity to work with you. We greatly appreciate the contributions you make in the community and the trust you place in us to assist you. We look forward to being able to serve you in 2023. May the year ahead be a productive, effective, and fulfilling year for all of you! With this email, we want to remind our readers that all nonprofits have an obligation to submit various reports to the IRS and to the state each year. Below is an [...]

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Explanation of key tax filings and their deadlines

By |2022-01-21T21:38:36-06:00January 21st, 2022|Nonprofit, Taxes|

Dear Scholz Nonprofit Law clients, current and past, and friends in the community: Thank you for the opportunity to work with you. We greatly appreciate the contributions you make in the community and the trust you place in us to assist you. We look forward to being able to serve you in 2022. This is a reminder that all nonprofits have an obligation to submit various reports to the IRS and to the state each year. Below is an explanation of these key tax filings and their deadlines: 1) Form 1099 - You may be required to issue [...]

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