Nonprofit organizations with gross receipts of less than $1M are required to file a Form 990 with the IRS annually. Imagine being a board member of nonprofit and finding out that the volunteer serving as treasurer of the organization didn’t file a 990 for three consecutive tax years and consequently the organization is faced with paying penalties and federal income taxes, not to mention filing all the paperwork again to regain tax exempt status. Does this really happen? Yes it does.
Nonprofits in rural communities are generally organizations that raise money to benefit specific groups of people like veterans or youth or raise money for community betterment projects. Nonprofits can be churches, foundations, schools, arts and civic organizations, historical societies, housing organizations, etc. If you serve on local board, you may be overseeing a nonprofit organization.
Vernon Waldren, Extension Educator Emeritus will be in Tekamah on Tuesday, August 29th at the First Northeast Bank of Nebraska to provide the latest information all board members need to know to keep their nonprofit organizations compliant and boards operating smoothly. The program runs from 4:30 to 8:30 p.m. and includes a light dinner. The bank is located at 448 South 13th Street.
Cost of a single registration for the Board Boot Camp is $125. Since three sets of ears are better than one, up to 3 people representing the same nonprofit organization can attend for $200. Up to 6 from the same board can attend for $300. While some may think the training is a little pricey, people who’ve attended this past year say it is well-worth the money.
Folks can register online by going to http://communityvitality.unl.
For more information or to register more than six people, contact Nebraska Extension – NE Extension Burt County at 402.374.2929 or the program coordinators –extension educators, Jessica Jones at jessica.jones.@unl.edu, Johnson County Extension Office, 402.335.3669 or Carroll Welte email@example.com, Burt County Extension Office, 402.374.2929.