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.
CVI is focused on launching the heart and soul of the state, its rural and urban communities, into the future by focusing on entrepreneurship, recruiting new residents, disaster recovery, broadband access, engaging youth and young adults, and building businesses.
Active in all 93 counties and at communityvitality.unl.edu