You Need To Pay Taxes On Program Book Ads

Non-Profits Pay Taxes On Unrelated Business Income Just because your organization is tax exempt doesn’t mean everything you do is exempt from taxes. There are a number of activities that result in what is known as Unrelated Business Taxable Income (UBTI) which may be as much as 21%. While there are some subtle distinctions that determine what activities are taxable and which are not, program book advertising is definitely taxable. IRS publication 598, is a good starting resource on the subject because it offers a number of scenarios as examples of related … Read more

Valuing and Acknowledging Donations

I recently attended a webinar conducted by John Taylor of John H. Taylor Consulting providing updates on IRS rules on acknowledging charitable giving. Neither Taylor nor I are lawyers and there are a lot of subtleties and exceptions when it comes to tax law. There were a number of interesting things Taylor mentioned that are worth being aware of, if only to serve as a conversation starter with your accountants and attorneys. Perhaps the thing to which to most pay attention is the guidance regarding donor advised funds since those are becoming … Read more

What Is A DUNS Number And Why Do I Need It?

If you have ever applied for a grant, especially from an entity or program receiving funds from the federal government, you have likely been asked to provide your organization’s DUNS (Data Universal Numbering System) number. You may also wonder why you need to set one up. A DUNS number has the same number of digits as your employer ID number (EIN).  If your organization doesn’t have one, you may also wonder why you need to call the company Dun & Bradstreet rather than a governmental agency to set one up. The simple … Read more

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