Although trade and professional associations are granted a general exemption from federal income tax by the Internal Revenue Code (Code) – for income from activities that are substantially related to the purposes for which the association’s tax-exempt status was recognized by the Internal Revenue Service (IRS) – they nevertheless are potentially taxable for income derived
Mission Statements are often overlooked or ignored. But, if an association is operating without one, or paying no attention to what’s already in place, they’re making a critical error. A Mission Statement is what ensures an organization stays on its intended course. Is it time to reevaluate and update yours? Is your Board asking for
The tax reform signed into law in December 2017 will have a significant impact on tax-exempt organizations nationwide, substantially increasing the amount of income that may be subject to tax. It is important that organizations are acutely aware of the changes in the law and, more importantly, the changes in the amount of income that
It looks like memberships are being put to the test as of late. According to GrowthZone’s 2018 Associations Trends Survey Report, 54% of surveyed associations reported either no change or decrease of overall membership growth within their association. Similarly, 48% reported the same decrease or lack of change when it comes to new membership growth. It seems
If you’ve ever taken a tour through the headquarters of a major manufacturing company – like Nike, Tesla or Apple – one thing becomes very apparent: Their product and customer are at the center of everything they do. All systems, processes, and functions are designed with one goal in mind: Improve the customer’s relationship with the
FOR IMMEDIATE RELEASE Contact: Jamie Herring Phone: (240) 235-0271 Email: jherring@columbiabooks.com Bethesda, Md. – Mary Jane Morrow is the Chief Financial Officer (CFO) at Catholic Charities of the Archdiocese of Washington where she brings more than 40 years of auditing and accounting experience. A graduate of Wheaton College, she holds a Masters of Business Administration from