Form 990: Exempt Organization Fundraising, Donor Acknowledgement, Gifts in Kind, Special Events, Galas

Authored by Jane Searing
About this Course
The disclosures on fundraising are important to public perception of tax-exempt organizations. In addition, understanding the reporting requirements and exceptions is necessary to correctly prepare the Form 990. Even seasoned return preparers can be confounded and surprised by even basic issues when the filer's facts are complicated. Understanding the details of the instructions and definitions is critical to getting it right. Topics covered in this course include: Fundraising reporting; Donor reporting and substantial contributor disclosures; Donor acknowledgment; Reporting special events and galas; Non-cash Contributions; Charity Responsibilities; Donor restrictions; Chronology of Events; Auction Procurement; Special Event Donor; Acknowledgment; Form 990; Schedule G; Donor Advised Funds; Memberships; Qualified Corporate Sponsorship; Social Media; Crowd Based Funding; Commercial Co-Venture. At the completion of this course, you should be able to: Recognize fundraising reporting issues on Form 990; Explain donor reporting and substantial contributor disclosures; Prepare proper donor acknowledgment documents; Report special events and galas on Form 990; Identify when penalties are applicable; Differentiate when the value of the contribution is or isn't affected by the nature of the gift; Recognize how communications by a charitable organization can inadvertently restrict the amount of donor contributions; Describe the proper forms in order for a donation to be deductible for the donor; Recognize requirements for a qualified appraisal; Differentiate when there is no charitable deduction under IRC §170; Identify when a charitable organization's financial statement is required to be reported, but not on the tax return.
$ 60.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Basic
CPE Credits
2.0
Prerequisites
None
Last Updated
01/25/2018
11269