You Can’t Have Your Cake and Take a Deduction For it Too

Posted by Saaib Uppal Who came up with the proverb, “You can’t have your cake and eat it too?” While history doesn’t give a definitive answer, we can start by checking the archives of the Internal Revenue Code. Why, you ask? Well, I was recently asked if someone could deduct a charitable contribution for donating the right to use their personal vacation home for 1 … Continued

Quid Pro Quo Donations

Posted by Chris Ciminera It is customary for nonprofit organizations to occasionally hold an event to raise funds to further its mission or for other charitable purposes. I know specifically that one of our clients, a church organization, holds a fundraiser each year in which all proceeds from the event benefit charitable organizations throughout the community. I received a specific … Continued

The Risk of Not Honoring Donor Restrictions

Posted by Jonathan D. Moll, CPA If you’re a nonprofit organization that receives donor-restricted contributions, you might want to think twice about spending those restricted funds for purposes other than what the donor stipulated. An Oklahoma hospital that failed to build a women’s health center in honor of country singer Garth Brooks’ late mother must pay the country singer $1 … Continued

We Received a 2012 Contribution…or Did We?

Posted by Larry Gentile If you are one of the many organizations that are qualified by the IRS to receive deductible charitable contributions, then the months of December and January can be a tricky time of year – even more so if you have a December 31st year end. Deciding exactly when an organization should record contribution revenue, and when … Continued

You Just Never Know

Posted By Jenni Fleck Jones, Marketing Manager I am the marketing manager for our firm and was asked to be a guest blogger for a professional services marketing blog. As I was writing my post, I quickly realized how the topic goes far beyond the professional services industry and how it certainly applies to the nonprofit industry. The main point … Continued

The Gift of Receiving

Posted By Christina K. Bell I can’t believe as I write this there are only six more days to Christmas. With three children 10 and under it is a statistic that I was well reminded of this morning as my son gobbled down the piece of advent candy he had forgotten to eat the night before. While this time of year … Continued

The Personal Rewards of Volunteering

Posted By Christina K. Bell When I began working with nonprofit organizations on an ongoing basis several years ago I never could have imagined the impact these organizations would have on my life. When I saw firsthand the outpouring need for the services nonprofits offer and how exceptionally well these services are performed, very often on limited means, I couldn’t … Continued

Joint Costs – What Your Organization Needs To Know

Posted by Christina K. Bell Has your organization ever sent out informational materials which have included an appeal for contributions such as a newsletter which includes a solicitation for donations? Does your organization have a website that provides information about programs along with a section for on-line donations? Did you know – unless three very specific criteria are met under generally … Continued