Changes Effecting Nonprofits in 2018

by Gregory S. Dowell December 28, 2017 Much of the focus has been on individuals and businesses, but a couple of key changes effecting nonprofits were in the recently passed tax legislation, both of which will take effect in 2018. One of those changes was that unrelated business taxable income, known as “UBTI”, must be…

Rental Income and UBTI – A Look at the IRS’ Guidance to Its Auditors

Tax-exempt organizations (also known as 501(c)(3) organizations) can have Unrelated Business Taxable Income (UBTI) when the organization has revenue streams outside of its direct charitable purpose.  Generally speaking, rents from real property are excluded from UBTI.  Real property is land and any buildings or other structures permanently attached to land.  However, there are several situations…

Fraud May Be Happening At Your Organization Right Now – What Are You Doing About It?

by Gregory S. Dowell August 24, 2017 We often have noted the results of the fraud studies that have been performed by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”), which is co-sponsored by the Academy of Certified Fraud Examiners (“ACFE”).  Those studies consistently have pointed out a few interesting results: Small business…

Strategic Planning for Nonprofits

Strategic Planning for Nonprofits by Gregory S. Dowell Nonprofits are not immune to the need to plan strategically.  Arguably, with more constrained budgets and a dependence on volunteers than businesses in the for-profit sector, strategic planning is even more important for nonprofits than for most other entities. There is a real cost to strategic planning…