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.

2019-07-24T19:22:04-04:00January 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: , , |

Use the Updated Form 990 Schedule A to Your Advantage

Will the public change the way it makes donations as a result of the Job Cuts and Jobs Act? And will your non-profit be impacted by those behavioral changes? These questions are being asked by non-profit leaders across the country. There is a fear that a decrease in charitable giving will cause operating shortfalls and jeopardize your public charity status. One way to maximize your organization’s public support, no matter how charitable giving changes, is to make sure you are not in jeopardy of losing your charitable status

2018-12-21T16:20:14-05:00January 30, 2018|Categories: Industries, Not-for-Profit|Tags: , , , |