Failure to file new IRS form 990-N could lead to loss of exempt status for smaller nonprofits

"Smaller nonprofits make up as much as three-quarters of the nonprofit sector," stated Bob Ottenhoff, GuideStar's president and CEO. "They are the local animal rescue societies, the neighborhood groups that tutor elementary school students, the all-volunteer organizations that drive cancer patients to chemotherapy. Collectively they have a tremendous impact, and society will be the poorer if these organizations lose their federal tax exemptions.