§179D Energy-Efficient Commercial Building Deduction Expanded to Benefit Non-Profit Organizations

For businesses contemplating a commercial project, the §179D deduction, a provision from the Inflation Reduction Act, is now available for any qualifying commercial energy-efficient building.

Why Do Nonprofits Need Financial Statement Services? Part 1: State and Grantor Compliance

Nonprofit compliance requirements vary from state to state. Private foundations, agencies, and other grantors often have their own requirements, too. It’s important for organizations to understand what these are before accepting any funding.

2022-12-21T08:04:01-05:00December 20, 2022|Categories: Audit & Assurance, Not-for-Profit|Tags: , , |

Post-Pandemic Financial Insights and Strategies for Nonprofits

2020 has been a difficult year for nonprofit organizations. In difficult times, financial innovation and risk mitigation are necessary to survive and thrive when true recovery begins. During this summit, we will present the issues, trends, key takeaways, and even opportunities we have seen while serving nonprofits since the COVID-19 pandemic started.

2021-05-12T11:46:52-04:00January 20, 2021|Categories: Past Events, PBMares COVID-19 Insights|Tags: , |

Charitable Donations vs. Exchange Transactions

Not-for-profits have to report all donations they receive throughout the year. But not all donations are created equal. It can be difficult to determine if the funds are a charitable donation or an exchange transaction. Read on and learn what factors can help determine how the funds should be reported.

2019-07-24T19:13:28-04:00April 19, 2019|Categories: Not-for-Profit|Tags: , , |

Where Should Not-for-Profits Report Membership Dues on Form 990?

Are membership dues paid to nonprofits considered a donation or program revenue? It comes down to whether the member receives a significant benefit or an insignificant one. Understanding the difference ensures nonprofits report these contributions correctly on Form 990.

2019-07-24T19:15:16-04:00March 18, 2019|Categories: Not-for-Profit|Tags: , , |

Do Fundraising Materials and Pledge Forms Communicate the Same Message?

Nonprofit organizations use solicitation materials, fundraising events, marketing brochures, etc. to influence others to choose to donate to their organization versus a different one. Once a donor decides to make a promise to give or a pledge to a nonprofit organization, many times the form the donor sees may or may not mirror the information in the marketing materials that was used to influence their decision in the first place.

2019-03-19T15:27:28-04:00February 11, 2019|Categories: Accounting, Not-for-Profit|Tags: , , |

Make It Count: How to Determine ROI on Fundraising Events

If your not-for-profit has over $15,000 in fundraising event contributions and gross income, then it will probably be required to report the events on Schedule G with the 990. Use the PBMares Accounting for Fundraising Events Tool to compile the information needed to complete the reporting on Schedule G.

2023-08-21T16:45:14-04:00January 23, 2019|Categories: Accounting, Not-for-Profit|Tags: , , |

Benefits and Uses of RPA and Blockchain in Not-for-Profit Organizations

Modern technology has allowed us many advantages in the workplace. However, certain issues such as operational inefficiencies and data breaches are still relatively common among organizations today. There are relatively new technologies available to address such issues – in particular, Robotic Process Automation (RPA) and blockchain.

2019-07-24T20:07:49-04:00December 19, 2018|Categories: Accounting, Not-for-Profit|Tags: , , , |

Ten Tax Mistakes Ministers Make when Filing Taxes

Clergy members carry “dual tax status,” meaning they are considered “self-employed” for Social Security purposes but considered an “employee” for income tax purposes. Because of this dual status, many clergies do not file their taxes correctly and often miss-out on tax benefits. Understanding the following top ten mistakes clergy make when filing taxes will help you file correctly in the future.

2018-09-25T20:25:05-04:00September 25, 2018|Categories: Not-for-Profit|Tags: , |

How Crowdfunding Can Help Nonprofits Generate Funding

Were you recently invited to donate to a friend’s Gofundme account, or have you participated in a colleague’s Kickstarter campaign? If so, you are not alone. Crowdfunding, the process of raising small contributions from a large number of people for a specific project facilitated through websites, has exploded over the years.

2019-03-14T15:38:50-04:00August 3, 2018|Categories: Not-for-Profit|Tags: , , |
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