32. Schedule A: A Deep Dive

Track: 
Tax
Field of Study: 
Taxes
CPE Credit: 
1.5
Knowledge Level: 
Advanced
Advanced Preparation: 
None
Prerequisite: 
Extensive not-for-profit, including those NFPs audited under GAGAS, knowledge or experience.

Tuesday, June 19, 2018
 
10:45AM-12:00PM

This session takes a deep dive into the Schedule A and its various tests and requirements. We will discuss the options a 501(c)(3) organization has for qualifying as a public charity and dissect the two public support calculations, discussing the benefits and drawbacks of each, and helping analyze which test is best for an organization. We will evaluate how various revenue sources impact the calculation, with a focus on program service revenue, contributions, unrelated business income and investments. We will analyze the impact of significant donors or constituents and discuss how excess contributions and unusual grants impact a calculation. All of these tools are designed to help you figure out how to recover from a drop in public support and avoid (or plan for) failure. We will also skim the surface of the updated filing requirements for supporting organizations.

Learning Objectives:

  • Assess the reason a sec. 501(c)(3) organization meets its public charity status and the various drivers for each public support test.
  • Reconstruct a Schedule A of the Form 990.


SESSION SPEAKER(S)

CPA, M.S. (Taxation)
Shareholder, Clark Nuber PS
CPA
Senior Manager, Moss Adams LLP