It will be hard to miss the onslaught of campaign commercials hoping to catch the attention of Ohio citizens between now and Election Day.
But leaders of 501(c)(3) organizations need to remember that there are restrictions on what types of activities in the political realm groups can participate in. The most obvious restriction prohibits the use of charitable funds for contributions to candidates’ campaigns. The IRS maintains a number of resources online at www.irs.gov
describing the limitations that charities have in political activities.
The penalties for engaging in prohibited activities can include revocation of the organization’s tax-exempt status and taxes on the funds spent.
The IRS recently shared word that many nonprofit organizations are improperly including Social Security numbers of individuals on the Form 990. With the exception of information related to donors, the 990 is publicly available. The IRS urges care in protecting Social Security numbers and not inappropriately sharing them in public filings.