Nonprofit Blog

Welcome to the Nonprofit Blog hosted by the professionals at Armanino, CPAs & Consultants. This blog is set up to inform nonprofit organizations of trends, rule changes, best practices and free educational offerings that we have built to support nonprofit organizations. Our professionals bring you their insights from an accounting and organization perspective to help nonprofits reach their goals. We support our clients with advice, direction and best practices.

Friday, February 19, 2016

It’s Checkup Time for Nonprofits

Most nonprofit organizations have passed the halfway mark of the fiscal year, which makes this an excellent time for a financial checkup. How are you tracking towards budget? Are your fundraising goals on track? Is cash flow tight? Have you filed your Form 990? Have you given any thought to your fiscal year 2016 financial …

Friday, December 11, 2015

IRS Proposal: Nonprofits Should Collect Donor Social Security Numbers

The Internal Revenue Service (IRS) has proposed a rule change that would allow nonprofit organizations to collect social security numbers for donors contributing $250 or more and report those contributions to the IRS on a new form. This would serve as an alternative to providing “contemporaneous written acknowledgment” to the donor. If you’d like to …

Wednesday, August 31, 2011

California Denies Property Tax Exemption to Nonprofits

The California Board of Equalization has created quite a buzz across the non-profit community lately. Lawyers have come forth in the past two weeks stating that their clients have been denied property tax exemptions by the state of California because they did not “primarily benefit persons within the geographical boundaries of the State of California.” …

Wednesday, July 6, 2011

Cell Phone Towers and Solar Panels Considerations

We are seeing more and more exempt organizations that are generating extra income by contracting with phone companies and energy providers in cell phone tower and solar facility lease arrangements to place equipment on their property. It’s important that any organization considering engaging in such contract(s) fully evaluate and understand the basis tax considerations before …

Tuesday, June 28, 2011

IRS Does Not Require Full Board to Adopt Policies

Exempt organizations will no longer be required to get the full board of directors to adopt the whistleblower, conflict of interest, and other governance policies for the 2010 Form 990. The IRS will instead allow a committee of the full board to adopt the policy if the policy is adopted by the end of its …

Friday, January 7, 2011

Lodging Provided to Employees: Taxable or Not?

Do you provide lodging to an employee? Are you a school that allows the headmaster or other employee to live in a school-owned property? Are you a teaching hospital that provides housing to its residents? The IRS has definitive rules for whether or not lodging is a taxable event to the employee. Special rules exist …

Tuesday, December 14, 2010

Is the IRS About to Focus on UBIT and Political Activity?

Former IRS exempt organization director, Marcus Owens (currently principal with Caplin & Drysdale), predicted at a tax-exempt conference on October 22 that the IRS’s next compliance check questionnaires are likely to address unrelated business income taxes (UBIT) and possibly political activity. If your organization has not had a recent “check-up” in these areas, do so …