Below is a helpful reminder from the IRS regarding the upcoming 990 filing deadlines along with some useful information and tools. Please reach out to us at FPL with any questions! Reminder to tax-exempt organizations: 990s, other forms due on May 15; information and tools available to help. The Internal Revenue Service today reminded thousands
May Nonprofit Spotlight Black Girls Love Math Black Girls Love Math has been selected for May's Nonprofit Spotlight! Who They Are: Founded in 2020, Black Girls Love Math's purpose is to elevate the role Black girls play in math careers. Supporting girls from Kindergarten to college, Black Girls Love Math (BGLM) addresses racial and
April Nonprofit Spotlight The Unscripted Project The Unscripted Project has been selected for April's Nonprofit Spotlight! Who They Are: The Unscripted Project is an award-winning, BIPOC-led 501(c)(3) nonprofit organization dedicated to equipping students with critical social-emotional and interpersonal skills through the transformative medium of improvisational theater. They do this primarily through their core program,
Introduction On March 15, 2023, the Tax Court decided an anticipatory assignment of income case and disallowed a charitable deduction for a gift of stock to a donor-advised fund. Estate of Scott M. Hoensheid et al. v. Commissioner, TC Memo 2023-34. Although it is not completely surprising that the Court found the contribution of stock
February Nonprofit Spotlight Bread & Roses Community Fund Bread & Roses Community Fund has been selected for February's Nonprofit Spotlight! Who They Are: Bread & Roses Community Fund is the Philadelphia region’s social justice fund and leading funder of grassroots organizing for racial, social, and economic justice. Their slogan is, “Change, not charity,” because
Founders Noel A. Fleming and Kayci D. Petenko were named to the Irish Legal 100, an annual compilation of distinguished U.S. legal professionals in the United States who share Irish ancestry. The annual list includes attorneys, legal scholars and members of the judiciary who have distinguished themselves in their fields of endeavor. Learn more
January Nonprofit Spotlight Home of the Sparrow Home of the Sparrow has been selected for January's Nonprofit Spotlight! Who They Are: Home of the Sparrow’s mission is to provide Hope, Opportunity and Support that empowers women and children as they journey from homelessness to self-sufficiency. Home of the Sparrow opened its doors as a
As the year comes to a close, it’s important to remember that the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) expanded the deductibility of charitable contributions to incentivize charitable giving. Many provisions of the CARES Act that were first enacted in 2020 were extended into 2021 under the Consolidated Appropriations Act (the
Fleming Petenko Law is thrilled to announce that our firm was recently recognized as the Best NPO Boutique Law Firm in Pennsylvania by Corporate Vision’s Small Business Awards 2021. Click here to learn more about Corporate Vision's Small Business Awards.
December Nonprofit Spotlight Sunday Breakfast Rescue Mission Sunday Breakfast Rescue Mission has been selected for December's Nonprofit Spotlight! Who They Are: Sunday Breakfast Rescue Mission serves those experiencing homelessness in Philadelphia. The Mission offers an array of homeless day services and clinics to men and women. Additionally, the Mission has a 30-day men’s emergency shelter
