Throughout the year, nonprofit organizations review their processes for improvement, cost savings, and areas where they can create greater operational efficiencies. One of the greatest cost-cutting measures that positively contributes to the bottom line is finding new savings opportunities in the way your organization does banking.
In the first part of this two-part series, we provided a brief overview of the differences between the Form 1023-EZ and the Form 1023 and discussed the criticisms of the new form. In this second part, we will examine which organizations should file the Form 1023-EZ and which organizations should stick with the standard Form 1023.
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