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Nonprofit Tax Specialist

Nonprofit Tax Specialist

futuretechfoundationRochester, MN, United States
6 days ago
Job type
  • Full-time
Job description
  • Position Title :
  • Nonprofit Tax Specialist (Volunteer)
  • Reports To :
  • Director of Finance and Administrator
  • Role Overview
  • The Nonprofit Tax Specialist ensures that the organization maintains compliance with all federal, state, and local tax laws governing tax-exempt entities. This role involves preparing tax filings, monitoring tax-exempt status, advising on nonprofit financial regulations, and ensuring compliance with IRS and state tax requirements.

    • Tax Compliance & Filings
    • Prepare and file IRS Form 990, 990-EZ, or 990-N annually.
    • Ensure compliance with state and local tax filings, including sales tax exemptions and charitable solicitation registrations.
    • Monitor and maintain the organization’s 501(c)(3) tax-exempt status.
    • Assist with unrelated business income tax (UBIT) filings if applicable.
    • Financial & Regulatory Compliance
    • Ensure adherence to IRS regulations and nonprofit accounting best practices.
    • Advise on the proper classification of revenue, including donations, grants, sponsorships, and earned income.
    • Work closely with auditors and accountants during financial audits.
    • Fundraising & Donor Compliance
    • Ensure charitable contributions comply with IRS regulations.
    • Advise on donor acknowledgment letters, gift receipts, and restricted funds reporting.
    • Oversee compliance with state charitable solicitation laws.
    • Risk Management & Advisory
    • Identify potential tax risks and provide strategic recommendations.
    • Guide the nonprofit on best practices for governance and financial transparency.
    • Skills & Qualifications :
    • Bachelor’s degree in accounting, finance, tax law, or a related field. CPA, EA, or JD preferred.
    • Prior experience in nonprofit tax compliance, public accounting, or nonprofit finance.
    • Expertise in IRS nonprofit regulations and tax filings.
    • Knowledge of Generally Accepted Accounting Principles (GAAP) for nonprofits.
    • Strong analytical and problem-solving abilities.
    • Familiarity with accounting software (e.g., QuickBooks, Blackbaud, Sage Intacct).
    • Passion for nonprofit work and commitment to financial transparency.
    • Time Commitment :
    • Flexible, 10-15 hours per week.

    • Benefits :
    • Be part of a forward-thinking organization focused on transformative technologies.
    • Lead impactful programs that inspire and shape future tech leaders.
    • Expand your professional network and develop leadership skills.
    • This volunteer role offers a unique opportunity to make a meaningful impact in the tech community while driving innovation and career development initiatives.

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    Tax Specialist • Rochester, MN, United States