Unrelated Business Income: Concepts, Planning Opportunities and Changes Due to Tax Reform

Exempt organizations are increasingly diversifying their revenue sources in order to combat reduced charitable giving due to economic downturns. However, they must consider modifications and exclusions that determine whether revenue is treated as unrelated business taxable income (“UBTI”).

Through proper planning, exempt organizations may be able to anticipate and mitigate the impact of UBTI on their bottom line and exempt status. In this session, we will review the basic concepts, discuss common opportunities to structure transactions to have more favorable tax treatment, and explore the changes to UBTI reporting brought about by recent tax reform.

Learn how Cherry Bekaert’s accounting, tax and advisory services can support your nonprofit organization.

How to Become a Data Driven Finance Leader

Now more than ever, a thorough understanding of your organization’s data is critical to making informed decisions and remaining aligned with your organization’s mission. Join us as we discuss how not-for-profit finance leaders can use accounting transformation to utilize multiple data types to effectively run their organizations.

We review the importance of connecting your financial data and non-financial data and discuss the benefits of designing your chart of accounts for specific reporting requirements.

Cryptocurrency and Nonprofits: What You Need to Know

In today’s environment, the use of cryptocurrency is becoming a growing topic among nonprofit organizations striving to reach fundraising goals.

Before accepting any digital assets as donations, it’s important for your organization to understand the policies and best practices needed as it relates to holding cryptocurrencies in your gift program. In this video, we review cryptocurrency basics, examine the risks and rewards of holding cryptocurrencies and discuss the proper accounting under U.S. GAAP.

Not-for-Profit Accounting for Contributions & Grants Refresher

This session provides not-for-profit employees, board members, and other stakeholders with a basic and fundamental understanding of revenue recognition for contributions and grants in the not-for-profit environment.

We review the key terminology, definitions and concepts that impact the timing and amounts of revenue recognized from contributions and grants, as well as common areas of complexity and challenges.

Tax Considerations for Alternative Investments

In this course, we discuss tools for determining whether the institution has alternative investments, and if so, whether such investments require additional reporting on Form 990-T or foreign disclosure forms such as 926, 8865, and 5471.

We explain how to analyze a Schedule K-1 for disclosures relating to unrelated business income and indirect ownership of foreign investments. Lastly, we briefly cover the type of information to be gathered for Forms 926, 8865, and 5471 and identify the parts of those forms that are most frequently completed by higher educational institutions.

HR & Total Rewards Trends

This session will provide data on trends impacting our workforce.

We discuss actions employers are taking in the areas of compensation, benefits, work life effectiveness, performance management, and employee development in order to attract and retain talent.

Cultivating a Culture of Candor

As situations arise in the workplace, we often find ourselves running in circles around the ‘heart of the matter.’ Whether it be from a fear of resistance by others or our own discomfort in bringing up challenging topics, a common reaction to difficult conversations is avoidance. The art of having ‘candid conversations’ is invaluable and can diffuse even the toughest of situations into an open, honest environment where ‘real’ results are accomplished.

This program is designed to walk through how to foster candid communications and create powerful outcomes.

Using Cost & Revenue Analytics to Determine the Right Model for You

Cost and revenue analytics have a variety of uses in higher education from determining the economics of new academic programs and supporting the budgeting and planning process, to strategic resource allocation, administrative program review, and even campus master planning.

This presentation will outline cost and revenue modeling and analytics as it applies to higher education. The presenters will take attendees through the spectrum of cost and revenue modeling and analytics options, from simple department-level modeling to more complex institution-level modeling and specialized costing applications. The audience will be exposed to the potential uses, benefits and challenges associated with cost and revenue modeling and analytics, with particular emphasis on data challenges/maturity and on how different institutions have found success in implementing cost and revenue analytics solutions.

At the end of this session, attendees will have a greater appreciation for how to embark on the road to creating a robust cost and revenue analytics capability at their institution.

2023 Not-for-Profit Tax Update

During this session, we will bring you up-to-date on the latest developments affecting nonprofit organizations from a tax perspective. In particular, we’ll highlight guidance received in connection with provisions enacted as part of recent legislation.

Topics will also include: other guidance issued by the IRS and updates to the IRS’ strategic plans.