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March 13, 2009
 Ensuring Your Tax-Exempt
Status: An Executive Briefing- Handout
The challenges to ensuring the tax-exempt
status of non-profit behavioral health organizations was the topic of a
presentation given by John Talbot, Ph.D., executive vice president and
senior associate of OPEN MINDS. The presentation was given March 13, 2009
at the Best Practices Management Institute produced by OPEN MINDS in
Clearwater Beach, Florida. In order to maintain tax-exempt status,
organizations should take the following actions:
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Begin to prepare for
the organizations tax-exempt status to be questioned by local, state,
and federal officials; involve both the senior management team and the
board of directors in this process
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Develop a clear tracking of the use
of charitable funds within the organization
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Quantify the costs and the
sources of receipts for each of the services the organization provides
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Quantify the charitable contributions the organization receives
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Map
the application and distribution of charitable contributions to specific
services and consumers
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Develop explicit plans and criteria for the use
of charitable funds
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Review tracking of charitable funds with the board
of directors on an annual basis
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OPEN MINDS