Connections

  INSIGHTS FOR NON-PROFITS

JULY 29, 2013  

CONNECT
Director of Non-Profit
888.918.3565     

 

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Resourcefullness Awards

Attention Arizona, Colorado, and Minnesota Non-Profits: Get your Resourcefullness Award submission in by September 3 for your chance to win $10,000!

 

Then, stay tuned for messages about what we learned from the collection of data provided by those submissions.

 

Mark Your Calendars!

We are developing a series of webinars. Registration details are coming soon. In the meantime, please mark your calendars!

 

September 10 - 12:00 MST - Treatment of Unrelated Business Income

October 15 - 12:00 MST - Post-Resourcefullness Awards Showcase

 

AICPA Guide

On March 1, 2013, AICPA released its new edition of the Not-for-Profit Entities Audit and Accounting Guide. This edition provides the first comprehensive revision of the guide since 1996.

 

Our own Tim McCutcheon spent four years serving on the revision team. Tim provides chapter-by-chapter overviews on our blog, Non-Profits Talk.

 

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ABOUT US
Eide Bailly is a top 25 CPA firm in the nation, has worked with non-profits since 1917 and currently services more than 1,100 organizations across the nation.
 
Connections is published on a regular basis to keep our clients and business friends informed of current news impacting non-profits. 
 

Does your Tweet Jeopardize Tax-Exempt Status?

 

By: Deb Nelson, CPA

 

Social media is a requirement for the nonprofit sector - it allows organizations to reach a large audience with very little cost. However, most organizations are not aware of the potential tax implications. There is little guidance regarding online communications, but the IRS considers online communications to be similar to other forms of communication; thus, a website is considered a form of communication.

 

Click here to learn more.

  

Deb Nelson

  

 
Tax Manager

Generational Differences in the Non-Profit Workplace

 

By: Rob Leslie, CPA 

 

Each individual's upbringing can influence their mindset and approach to work. Non-profits, in particular, have to be in-tune with staffing needs in order to attract and retain talent, and develop thoughtful succession plans. Our Phoenix office recently hosted a seminar to discuss these differences and the ways in which we overcome them to create cohesion and understanding in the non-profit workplace. The full 75 minute discussion can be viewed on Eide Bailly's YouTube channel.

 

A special thanks to our engaging panel members:

Brian Spicker, Sr. V.P of Community Impact, United Way

Sarah Zelhart, Controller, Fiesta Bowl
Jill Arseneault, Learning Implementation Spec., WorldatWork

  

Rob Leslie 

 
 
Partner
602.264.8649
  

Interesting Fact about Charitable Giving

 

The preliminary data on IRS individual tax returns from 2011 reveals the average deduction for charitable contributions by categories of adjusted gross income.

  

Adjusted Gross Income

Avg. Deduction

Under $15,000

$1,443

$15,000-$29,999

$2,127

$30,0000-$49,999

$2,287

$50,000-$99,999

$2,881

$100,000-$199,999

$3,889

$200,0000-$249,999

$5,703

$250,0000 & above

$18,490

 

 Click here for more information.

 

AICPA Lessons Learned

 

On June 20, a team of our Non-Profit professionals arrived in Washington, D.C. for the annual AICPA Not-for-Profit Industry Conference.

 

A month later, here are a few of the lessons that still have us thinking: Lessons Learned

 

We also had some social time during the conference! Thanks to our great friends who joined us for dinner at Pulpo!

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