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interSector Partners: Take Five, it’s Friday

February 3rd, 2017 11:58am - Posted By: Caryn Capriccioso

A weekly(-ish) roundup of what what’s new or newsworthy with us, our clients, our partners and friends.

If we tell you how boring this week’s Take Five will be, will you read it? Turns out, not everything is earth-shattering, or even very interesting, yet is important nonetheless. 

1. Boring, but important. The IRS has released an updated 990-EZ Short Form Return of Organizational Exempt from Income Tax along with “assistive pop-up information.” Yes, we subscribe to the EO Update: e-News for Charities & Nonprofits (because we’re extra fun like that!) and you can, too.

2. Still boring, but quite helpful. The IRS provides life cycle content for nonprofits to understand the necessary filing requirements and forms. Whether starting out or thinking about ongoing compliance, find tips to keep your nonprofit compliant. Just pick your organization type and learn what you should be doing.

3. Interesting and important. This week interSector Partners, members of the Fourth Sector Mapping Initiative Advisory Council, weighed in on the soon-to-be released Fourth Sector Taxonomy Framework. It’s an exceptionally thorough document that will support and inform the work of everyone in the impact space going forward. We’ll let you know when it’s released.

4. Locally important and highly interesting. Barriers to employment are not geographically specific, but solutions tend to be. This week Impact Charitable hosted a gathering to introduce/update the community on the great work of Bayaud Enterprises, Spring Back Colorado , Knotty Tie Co in Denver, CO. Check them out to learn more about their great work creating jobs and supports in marginalized communities.

5. Super important. Word on the nonprofit street is that President Trump intends to end the law limiting nonprofit’s political activities. Making good on his promise to give more flexibility to churches, “destroying the Johnson Amendment” could free up secular nonprofits to more fully engage in the political process, too. We are interested to hear how you believe this will impact the political landscape.

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