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IRS and Tax related
IRS Guidance on Meaning of Charitable Purpose
What is a charitable exempt purpose? IRS publication 5781 provides guidance on what activities constitute a charitable purpose with a deep dive into certain activities.
IRS Guide to Charitable Contribution requirements for recipient organizations
Mini online course on charitable organization disclosure requirements
IRS issues new Technical Guide for 501(C)(6) organizations
Charitable gaming, what is it? Is the net income exempt from income tax and how much is too much?
IRS issues new Technical Guide for Private Operating Foundations
DOL (not IRS) issues Final Rule on distinguishing independent contractors from employees
What non-profit organizations must file with the Ohio Attorney General?
IRS issues new guide on Religious Organizations
The IRS recently issued an updated guide for religious and apostolic organizations which contains valuable information for both the non-tax and tax professional. You can access this new guide using the link below
IRS creates online video course on how to maintain your
Now that your organization has Section 501(c)(3) tax-exempt status, you should review the activities that can jeopardize your exemption. Access the course by clicking the link below
IRS Audit Guide for Tax-Exempt Organizations
This guide provides valuable insight into the process and techniques used by the IRS to conduct audits of tax-exempt organizations.
Governance and management resources
Political Campaigns and Charities: The Ban on Political Campaign Intervention online video course
A 501(c)(3) organization jeopardizes its exempt status when it intervenes in a political campaign. This mini-course provides examples of prohibited activities and explains steps an organization should take to avoid an inadvertent violation.
Cybersecurity Issues and Charities Archived Webinar
This recorded webinar contains basic information that charities should consider in order to protect their valuable donor, client, employee, and other data from cyber hackers. Charities, like for-profit businesses, have information that cyber criminals value. Taking basic steps to protect your organization's information can reduce your risks. This webinar covers both prevention and response strategies for charities . This webinar can be viewed below.
Nonprofit Board Governance Archived Webinar
Board members play a critical role in protecting the integrity and resources of charitable organizations. This approximately hour-long webinar provides a basic overview of the legal responsibilities that board members of charities have. A recording of the webinar can be viewed below.
Ohio Attorney General's Guide for Charity Board Members
The guide offers a general overview of the four legal fiduciary duties of Ohio charity board members and can be accessed at :
Ohio Attorney General's Guide to Avoiding Theft in a Non-profit Organization
Having a big sale, on-site celebrity, or other event? Be sure to announce it so everybody knows and gets excited about it.
AICPA Sample Non-Profit Conflict of Interest Policy
Purpose of this Tool
It is important that those who work with and for not-for-profit entities (NFPs) conduct themselves in an ethical and transparent manner. The decisions and actions of the leadership of an NFP can have a direct and significant impact on the reputation of the NFP with its supporters and the general public. This tool contains sample elements that can be used in the creation of a policy to address potential conflicts of interest with employees and board members. As with any policy of this nature, the NFP may wish to consult legal counsel for assistance in developing a conflict of interest policy that is appropriate for the organization. Please contact us for access to this valuable tool.
accounting & Audit related
FASB modifies definition of "collections" for art, historical treasures and similar items with ASU N
FASB issues new guidance (ASU No. 2020-07) on the presentation and disclosure for in-kind gifts
AICPA issues guidance on accounting for PPP loans by issuing Technical Question and Answer (TQA) 32
ASU Update 2018-08 (Topic 958) Clarifying the scope and accounting guidance for contributions
Ohio and compliance related
Ohio's Charitable Registration System Archived Webinar
This webinar provides a basic overview of Ohio's charitable registration requirements and process and answers some key questions new charitable organizations or organizations that will solicit charitable contributions will have.
Is Your Ohio Non-Profit Corporation's Status Deactivated?
Ohio requires all non-profit corporations to renew their corporate status every 5 years in order for the corporation's status to remain active. The renewal process is through the Ohio Secretary of State and not the Charitable Division of the Ohio Attorney General. If your corporation missed it's renewal, you can still reinstate with the payment of additional fees. To check your status, renew your certificate of continued existence or reinstate your corporation go to https://www.ohiosos.gov/businesses/filing-forms--fee-schedule/