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GBQ CAP

GBQ CAP is our bi-weekly email with content specifically focused on non-profit entities. The information sent includes a variety of beneficial technical information alerts, best practices, risk minimization, trend and other ideas.

Considerations Related to Internet Fundraising

May 08, 2013
Does your organization fundraise online? Review considerations related to internet fundraising, including the type of fundraising conducted, donor acknowledgements, online merchandise activity and deductibility related to fundraising solicitations.

Three Things Every Non-Profit Board Member Should Focus On In 2013

April 24, 2013
With overwhelming economic uncertainty and increased scrutiny, boards are required now more than ever to effectively govern their non-profits.

The State of Ohio's Charitable Community

April 10, 2013
At this time, you have probably filed with the Ohio Attorney General (AG) at least once since the office mandated electronic filing of no-profit charitable registration forms and annual filings. How is the AG's office using this information?

Investigative Due Diligence for Nonprofit Organizations

March 27, 2013
With scores of recent high-profile scandals gripping the nonprofit community, investigative due diligence has become more important than ever for nonprofit organizations.

Charitable Contribution Reporting Requirements

March 13, 2013
All charitable organizations that receive donations have certain reporting requirements to their donors.

What's New For Non-Profits

February 27, 2013
There is always a new accounting update related to non-profit organizations. We discuss a few of the more recent developments.

Upcoming Seminars

February 13, 2013
Did you know that GBQ offers three webinars designed specifically for representatives of non-profit organizations?

Recent Non-Profit Developments: What The IRS Is Talking About

January 30, 2013
Over the past few months the Internal Revenue Service (IRS) has indicated several areas of interest and possible audit activity, as well as severaly interesting announcements on a variety of topics.

Planning For A Disaster

January 14, 2013
In the aftermath of Hurricane Sandy, your organization might be re-assessing its disaster preparedness and insurance program adequacy.

Audit/Finance Committee Review For Form 990 - Key Considerations

December 03, 2012
Since the Form 990 is open to public inspection it is important for tax-exempt organizations to ensure that they are properly and fully reporting all relevant information on their return.

Nonprofit Risk Management: Who's Job Is It?

November 19, 2012
Has your Nonprofit Organization assessed the risks associated with the programs and services that are provided to the community? Is your insurance coverage adequate? Is your corporate structure appropriate?

Political Activities by Tax-Exempt Organizations

October 23, 2012
As we enter the home stretch to Election Day on Nov. 6, Internal Revenue Code (IRC) Section 501(c)(3) organizations will be speaking out on issues that are important to their charitable mission.

Audit Committee Resources

September 21, 2012
Earlier this year, BDO launched an online resource titled “Effective Audit Committees for Nonprofit Organizations”.

Director's Pay

September 11, 2012
There's someone on the phone from the newspaper. They are asking about the Director's pay.

Why Are Those Financial Reports So Confusing

July 31, 2012
Individuals responsible for the financial operations of their organizations need to design reports that present the critical financial information to those who need to know in a way that they can understand.

Effective Audit Committees for Nonprofit Organizations

July 27, 2012

IRS Governance Checklist - Preliminary Results

July 16, 2012

The Importance of the Schedule of Expenditures of Federal Awards

July 03, 2012
If your Non-Profit Organization (NPO) receives federal awards, it is necessary to understand the Schedule of Expenditures of Federal Awards (SEFA) and its importance.

2012 OSCPA Not-For-Profit Conference

June 18, 2012
Accounting and Auditing Update

2012 OSCPA Not-For-Profit Conference

June 18, 2012
Governmental Auditing Standards and OMB Circular A-133 Update

Corporate Sponsorship

June 04, 2012
Today, many organizations receive significant revenue from sponsorships, so we thought it would be a good idea to go over the rules.

Financial Literacy and Knowledge in the Nonprofit Sector

May 22, 2012
This report offers new insights on the resources nonprofit organizations use to manage their finances, identifies best practices in financial decision-making, and provides suggestions for improving financial planning in the long term.

Update on 2011 Form 990: Some Changes and Clarifications

April 18, 2012
The Internal Revenue Service (IRS) released its 2011 Form 990 and instructions on Jan. 21, 2012. The IRS has provided a number of clarifications and made some significant changes.

Cost Allocations for Nonprofits - What's The Fuss All About?

April 10, 2012
Some state and local agencies have been modifying their audit protocols to focus on the cost allocations reported to them each year.

IRS Exempt Organizations: 2011 Annual Report & 2012 Work Plan

March 13, 2012
The Office’s annual report and current year work plan provide tax exempt organizations with insight into what the IRS has and will be targeting in the coming year.

Filing Extension for Tax-Exempt Organizations

February 14, 2012
The IRS has released Notice 2012-4 to notify tax-exempt organizations that the IRS Modernized eFile (MeF) system will not be available from January 1-February 29, 2012 for electronic filing of Forms 990, 990-EZ, 990-PF or 1120-POL.

On-line Charitable Registration: What You Need to Know

January 13, 2012

Voluntary Classification Settlement Program

December 06, 2011
The Voluntary Classification Settlement Program (VCSP) provides an opportunity for taxpayers to reclassify their workers as employees for employment tax purposes for future tax periods.

Charitable Deductions Under Attack

October 12, 2011
Washington is looking for ways to increase tax revenues. One method may be to limit the amount of tax benefit those in the higher tax brackets receive from making charitable donations.

Accounting for Donated Services

August 25, 2011
The accounting treatment for donated services depends on whether the services create or enhance a nonfinancial asset, require special skills and would need to be purchased if they were not donated.

Fraud Exposure and Your Non-Profit Organization – Part III

June 06, 2011
Fraud continues to be a topic of discussion for all organizations but can be particularly troubling for non-profits. This is part three of a four part series on fraud.

Small Business Health Care Tax Credit for Small Employers

May 10, 2011
A tax credit not just for the “taxable”.

Fraud Exposure and Your Non-Profit Organization – Part II

April 26, 2011
Fraud continues to be a topic of discussion for all organizations but can be particularly troubling for non-profit organizations. This is part two of a four part series.

NonProfit Discussion – Executive Departure, NPO Statements and More

April 13, 2011
BDO has released the March 2011 NonProfit Standard, which includes discussion of various topics including executive departure, the 2010 Form 990, analyzing NPO financial statements and others.

Requirements for the 2010 Form 990, 990-EZ, and 990-N

March 30, 2011
The IRS has changed the requirements for the form that tax-exempt organizations are required to file for tax year 2010 (2010 calendar years or fiscal years starting in 2010).

IRS Initiatives – Part 2

March 01, 2011
Our second article related to IRS initiatives discusses the primary focus of the IRS into the next year. It is important to understand their focus related to your organization’s tax-compliance.

IRS Initiatives – Part I

February 11, 2011
Our first article related to IRS initiatives discusses the accomplishments of the IRS over the past year and where they have focused their attention. It is important to have an awareness of these initiatives and how they relate to your organization.

Using the 990 for your benefit

January 24, 2011
The expanded Form 990 can be used to increase transparency and involve more than just your accounting department. This article discusses building a solid organization and working on successful fundraising.

All Leases Soon to Be Treated as Capital Leases

December 15, 2010
Operating leases may be a thing of the past. New accounting standards are being discussed that would result in all leases being recorded as capital leases.

NPO Board Responsibilities

November 05, 2010
All NPOs know the importance of their board; however, some may not understand the board's purpose and expectations. This article provides some insight into these issues.

3 Steps for Influencing Loan Covenants

September 01, 2010
Many NPOs have loans with covenant requirements in order to maintain certain interest rates or terms. The following article provides suggestions for discussing loan covenants with your bank and ways to help you negotiate your covenant requirements.

Is Your Organization Applying for Recovery Act Funding?

August 17, 2010
The following article discusses Recovery Act funding as well as important items to consider when applying and receiving this new type of federal funding.

IRS Relief for Filing

August 04, 2010
The IRS has granted a one-time special relief program for filing the 990-N and 990-EZ.

NPOs benefit from having an Audit Committee

July 21, 2010
Benefits of Audit Committees and Audit Committee Charters for Not-for-Profit Organizations.

Free CPE for Non-Profit Organizations

June 28, 2010
As you may know, GBQ is a member of the BDO Seidman Alliance, which includes the Institute for Nonprofit Excellence. The institute is offering two webcasts that qualify for CPE related to the nonprofit industry.

Summer Vacation and Fraud

June 09, 2010
While you may have other things on your mind this summer, it is important to consider fraud risks in your organization and the prevention controls you have in place.

Top Ten Predicted NPO Trends

June 01, 2010
Blackbaud, Inc., the leading global provider of software and related services designed specifically for NPOs, has released a list of the top ten future trends for nonprofits.

BDO Knows Healthcare - Spring 2010

May 13, 2010
Relevant and timely information on different topics related to Healthcare organizations, including the status of Medicaid funding, FIN 48 uncertainty in income taxes, and 403(b) plans.

Is your Exempt Status At Risk?

May 03, 2010
In the past, tax-exempt organizations with gross receipts normally under $25,000 were not required to file a Form 990 or 990-EZ. However, a provision of the Pension Protection Act of 2006 requires that all exempt organizations file a tax form.

Increasing Visibility

April 14, 2010
Any Organization Can Win High Visibility and Build a Strong Brand by Using Smart but Inexpensive Public Relations Tactics.

Financial focus prescribed for nonprofits

March 19, 2010
The economic storm stressing nonprofits makes it critical they know their finances, financial risk and strategic options, and be bold in making financial plans and changes, experts say.

Planning a Golden Future

March 08, 2010
This article discusses the competition for attracting donors and shares ideas for how you can improve your fundraising initiatives.

BDO Employee Benefit Plan Commentator - Special Edition

February 22, 2010
This summary prepared by BDO Seidman outlines some of the specific changes to the new 403(b) requirements and how it could affect your organization.

Taxation of Exempts

February 08, 2010
A FIN 48 update for exempt organizations.

Updates to Communications on Internal Control

January 11, 2010
This article discusses recently released guidance that describes the types of deficiencies in internal control, as well as the levels of deficiencies.

Foundations' Year-end Outlook for Giving and the Sector

November 30, 2009
Published by the Foundation Center, this article discusses the economic factors affecting Foundations during 2009, which will have an effect on Non-Profit Organizations during 2010.

Relief Coming For Nonprofit Pension Plans

November 16, 2009
Legislation introduced in Congress could provide temporary relief for nonprofits faced with huge increases in pension contributions in the coming years.

Perspectives Seminar Presentation - 10/21/09

November 02, 2009
A closer look at the future of audit, accounting and IRS compliance for non-profits.

Handbook for Nonprofits

October 19, 2009
An operational resource for board members of charitable organizations.

Immerse Your Donors In You

October 05, 2009
This NonProfit Times article discusses social venture partnerships, which are a new form of fundraising and increasing volunteerism and awareness of Non-Profit Organizations.

Accounting for Endowments and Institutional Investments

September 08, 2009
Within the past year, there have been new state laws enacted and accounting pronouncements which discuss the spending of endowment funds and how to account for these.

Social Networking for Nonprofit Organizations

August 10, 2009
The Nonprofit Technology Network, Common Knowledge and The Port Social Media Solutions conducted a survey earlier this year of almost 1,000 nonprofit professionals regarding their use of online social networks.

A Global Perspective on Risk

June 15, 2009
Now, more than ever, is the time for demonstrable accountability and decisive action.

FASB Codification Information Sheet

June 01, 2009
FASB information sheet regarding the new Codification that will be effective July 1, 2009.

Baby Boom Volunteerism - Finding Volunteers and Retaining Them

May 04, 2009
Baby Boomers, the generation that changed the face of America now takes on the challenges of aging. As they retire, they offer a treasure of volunteer experience.

Be accountable: Review board code of conduct

April 20, 2009
The IRS continues to tighten its reigns on nonprofit governance, an area it clealy targeted in the newly redesigned Form 990.

GuideStar Cautions Thousands Could Lose Tax-Exempt Status

April 06, 2009
Have you filed your organization's Form 990-N? Recent visitors to GuideStar's Web site were warned that this spring, nearly half a million nonprofits could lose their tax-exempt status.

Be Proactive in Times of Crisis

March 23, 2009
Even with insightful planning and sound risk management—people are injured, fires destroy & investments evaporate. When “stuff happens,” savvy nonprofits know that action is needed and that action has to be communicated to stakeholders.

Doing The Right Thing

February 23, 2009
With shrinking bonuses, disappearing raises, and even layoffs occurring in many companies, executive management and boards are challenged to foster a positive, productive corporate environment. But how do they get there from here? Where do they begin?

Accounting for Losses on Investments — Added Complications

January 26, 2009
If you review the status of your investment portfolio as of your year-end, do you have certain holdings whose fair value is below cost? If so, you have some added assessment and potential accounting work to do.

FASB - Flash Report

January 12, 2009
GBQ Partners is a member of the BDO Seidman Alliance. The attached article is from BDO’s National Accounting Department regarding Not-For-Profits.

Six Questions To Ask Charities Before Donating

December 15, 2008
How would a donor rate your Organization? The attached article is from the donor's perspective and helps the donor identify a solid NPO to give to. The article was developed by Charity Navigator.

Ten Survival Tactics for Belt-Tightening Times

December 01, 2008
With stocks plummeting and global-scale recession looking more frighteningly probable, nonprofit organizations can't rely on "business as usual" to survive.

Charities Can Expect New Regulations and Increased Giving in an Obama Administration

November 17, 2008
Charity leaders can expect President-elect Barack Obama and Congress to push for changes in the federal tax structure that could spur giving and add new regulations for charities and donors, tax experts say.

Achieving Excellence in Nonprofits

November 03, 2008
Harvard Business School professor Herman B. "Dutch" Leonard discusses today's challenges and his Executive Education program on Governing for Nonprofit Excellence.

Completing The New Form 990: Can You Check "Yes"?

October 07, 2008
With the release of the revised Form 990 just around the corner, tax-exempt entities should start gaining an understanding of the questions that will be asked on the new Form.

Strategies for Successful Holiday Campaigns

September 22, 2008
As summer announces its close, Ohioans will soon begin planning for the holidays. Many times, those preparations include making annual donations to local nonprofit organizations and it’s not too late for organizations to start planning a holiday campaign.

Combating the Risky Business of Fraud

August 25, 2008
No organization is exempt from fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets.

Pair Turning a Profit with Nonprofits

July 22, 2008
Keeping nonprofit organizations in touch with supporters is a personal mission and profitable business for entrepreneur-activists Christ Hanson and Mark Paquette.

Industry Leaders Discuss the Internet's Impact on Philanthropy

July 15, 2008
How is the world of the Web affecting the worlds of philanthropy, advocacy and politics?
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