Mastering Form 990 Schedule G: Reporting Fundraising and Gaming Activities for Nonprofits, UBTI Rules
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE video webinar with Q&A
This course will provide accounting and tax professionals advising tax-exempt organizations with the tools and understanding to properly report fundraising and gaming activities on Schedule G of Form 990 or Form 990-EZ. The panel will perform a deep dive into the accounting calculations and tax reporting rules for special events, including the dollar thresholds of professional fundraising costs, contributions, and gross gaming event income, as well as discuss the nuances of unrelated business taxable income (UBTI) and referencing Schedule G entries to other parts and schedules of Form 990.
Outline
- What activities qualify as fundraising events that must be reported on Schedule G
- Fundraising activities
- Fundraising events
- Gaming
- Schedule G reporting by activity
- UBTI issues with fundraising and gaming activities
- Other information reporting obligations
Benefits
The panel will discuss these and other critical questions:
- How to differentiate between fundraising activities, fundraising events, and gaming events
- Allocating expenses to fundraising events and activities
- Reporting the respective activities on Part I, Part II, and Part III of Schedule G
- Reconciling Schedule G information with other parts of Form 990
- How to determine whether receipts from gaming activities qualify as UBTI
- Advising exempt organizations on avoiding UBTI traps
Faculty
Magdalena M. Czerniawski, CPA, MBA
Managing Director
CBIZ Marks Paneth
Ms. Czerniawski is a member of the firm’s Nonprofit, Government & Healthcare Group. With over 15 years of... | Read More
Ms. Czerniawski is a member of the firm’s Nonprofit, Government & Healthcare Group. With over 15 years of nonprofit industry experience, she provides tax services to a wide array of nonprofits, including charitable organizations, schools, social welfare organizations, professional associations and private foundations.
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Cynthia Espinosa, CPA
Tax Manager
CBIZ Marks Paneth
Ms. Espinosa, CPA is a Manager with the Not-For-Profit Practice & Government Group. She has over fifteen years of... | Read More
Ms. Espinosa, CPA is a Manager with the Not-For-Profit Practice & Government Group. She has over fifteen years of accountig experience. Ms. Espinosa began her carrier in a private industry and moved to public accounting. She worked in small accounting firm performing audit and tax preparation for non profit organizations. Ms. Espinosa has joined CBIZ Marks Paneth and gained extensive experience in tax area of nonprofit and government organizations, including public charities and private foundations. She has prepared and reviwed tax retuns of complex non profit organizations including social service agenicies, schools and private foundations. Ms. Espinosa is a member of the American Institute of CPAs and New York State Society of Public Accountants. She holds a Bachelor of Science in Accounting from William Paterson University, and is based in the NY/NJ CBIZ offices.
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David Trimner, CPA, MST
Managing Partner
TrimnerBeckham
Mr. Trimner brings a wide range of experience from more than 20 years in nonprofit tax consulting. He works with... | Read More
Mr. Trimner brings a wide range of experience from more than 20 years in nonprofit tax consulting. He works with growing and established public charities, private foundations, trade associations, healthcare organizations, and higher education institutions. Devoted to a thorough comprehension of the rules and regulations critical to charitable and tax-exempt entities, he helps enhance an organization's image with contributors, the media, and the general public. His areas of concentration also include unrelated business income, intermediate sanctions, obtaining and maintaining exempt status, executive compensation & benefits disclosures, IRS examinations, and state solicitation requirements.
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