| NBAC industry expertise
- international nonprofits
- payroll and employee benefits
- foreign and expatriate employees
- obtaining tax exempt status at State and Federal level
- nonprofit organization accounting and financial management compliance
Whether arranging international student exchanges, assisting victims of foreign disasters, or influencing policy between nations, international nonprofits based in the United States are expanding the interaction of Americans with people, places, and ideas from around the world.
The nonprofit sector generally refers to all formally organized U.S. tax-exempt organizations. Nonprofit status is a state law concept and may make an organization eligible for certain benefits, such as state sales, property, and income tax exemptions. Although most federal tax-exempt organizations are nonprofit organizations, organizing as a nonprofit organization at the state level does not automatically grant the organization exemption from federal income tax. To qualify as exempt from federal income taxes, an organization must meet requirements set forth in the Internal Revenue Code.
Loose and diverse definitions of international organizations, lack of a comprehensive and mandatory reporting system for international organizations, and rapid increase in number of organizations operating internationally contribute to the difficulty of administrative and financial management of such organizations.