Form 990:Exempt Organization Fundraising, Donor Acknowledgement, Gifts in Kind, Special Events,Galas (Completed)

Date: Wednesday, June 16, 2021
Instructor: Kathryn Okimoto, Clark Nuber, Celia Davis
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Fundraising has evolved to be more virtual this past year, but the tax compliance surrounding fundraising events have not changed. Fundraising is what helps organizations survive whether it is via a gala, sweepstakes, auction, or concert. From a public perception standpoint, it is important to make sure donor acknowledgments are issued timely and ensure the disclosures are reported correctly on the Form 990.

Even seasoned return preparers can be confounded and surprised by basic issues when the organization’s facts are complicated. Join us to discuss the various reporting responsibilities surrounding different type of fundraising events and when to recognize that additional information is needed

Who Should Attend
CPAs, enrolled agents, CFOs, bookkeepers, staff accountants, development officers, and others working with assisting not-for-profit organizations with their fundraising events.

Topics Covered

  • Types of fundraising events
  • Tax deductibility of contributions from fundraising events
  • Chronology of events
  • Completion of fundraising event activity on Form 990
  • Charity responsibilities
  • Donor acknowledgment

Learning Objectives

  • Describe the importance of documenting and gathering the necessary information to achieve compliance with federal tax laws
  • Recognize and report different fundraising activities on the Form 990
  • Identify how to prepare proper donor acknowledgment letters
  • Identify when penalties are applicable


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of fundraising events for not-for-profit organizations

Advance Preparation

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