Form 990 Schedule A: Protecting Public Charity Status, IRC 509 Public Support Test Calculations and Reporting
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE video webinar with Q&A
This course will provide nonprofit advisers with a comprehensive guide to reporting the public support tests of IRC Section 509(a) on Schedule A of the Form 990 Exempt Organization Information Return.
Outline
- Introduction of public charities (specific type, publicly supported, and supporting organization) and private foundations
- Publicly supported organizations two tests
- Which test to use?
- 509(a)(1) and 170(b)(1)(A)(vi)--Part II of Schedule
- Mechanics of numerator and denominator
- 10% facts and circumstances test
- 509(a)(2) Part III of Schedule A
- Mechanics of numerator and denominator
- Investment income limitation
- Unusual grants
- Planning avoiding (or not) private foundation status
- Advantages and disadvantages to private foundation status
- Transition to private foundation status
- Obtaining a waiver of private foundation excise taxes
- Other issues/considerations
Benefits
The panel will discuss these and other important issues:
- The "10 percent facts and circumstances test" for organizations that do not qualify for public charity status under the 1/3 support rule
- Types of revenues and receipts that present special problems in determining the level of public support
- Obtaining a waiver of private foundation excise taxes where the organization unexpectedly fails the public support test
- Grants that meet the criteria for unusual grants
Faculty
Ingrid Mittermaier
Principal
Adler & Colvin
Ms. Mittermaier focuses on nonprofit mergers and asset sales. Before joining her firm, she practiced with several... | Read More
Ms. Mittermaier focuses on nonprofit mergers and asset sales. Before joining her firm, she practiced with several other law firms in the areas of transactional law, state and local tax law, and nonprofit law. She lectures regularly at law conferences and seminars, and has been a member of the adjunct faculty at the University of San Francisco in the College of Professional Studies, teaching a course in the Master of Nonprofit Administration program. Ms. Mittermaier is a past member of the Executive Committee of the State Bar of California's Taxation Section, and is also a past Chair of the Tax-Exempt Organizations Committee of the Taxation Section.
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Richard (Rich) Ruvelson, J.D.
Principal
Withum Smith+Brown
Mr. Ruvelson has more than 30 years of experience in providing tax services to non-profit clients, including labor... | Read More
Mr. Ruvelson has more than 30 years of experience in providing tax services to non-profit clients, including labor unions, multiemployer benefit plans, private foundations and a wide variety of public charities, including private colleges, hospitals, religious and cultural organizations, their supporting organizations and other affiliates. He has worked closely with both small and large clients on a wide range of non-profit issues including tax exemption, unrelated business income tax, public support, charitable giving and substantiation, independent contractor issues, and Form 990, Form 990-PF and Form 990-T reporting. Outside of public accounting, he has served as Tax Manager of the University of Washington and Treasurer and Finance Director of The California Endowment. He has spoken on a variety of nonprofit tax issues at a number of accounting and nonprofit industry conferences, taught at firm internal and external training and, also, taught Law of Tax-Exempts in the MBT program of the University of Minnesota’s Carlson School of Management. Mr. Ruvelson is licensed to practice law in Minnesota.
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