Not-for-Profit Fundraising Rules & Regulations Part II (1306051B)


Date:Sunday, August 26, 2018
Time: -
Credit:2.0 CPE Credit(s)
Vendor:Illinois CPA Society
Subject:Accounting, Auditing
Registration:$38 WICPA Members, $68 Nonmembers


To receive WICPA member discount through Illinois Society of CPAs, please call 312-517-7603

*This is part 2 of a two-part onDemand series. Although not required, it is recommended that you complete Part 1 prior to taking this course. Fundraising activities of a 501(c)(3) are regulated at the local, state and federal levels, and by Generally Accepted Accounting Principles (GAAP). When done improperly, fundraising activities can trigger a host of tax, reporting and compliance issues. An organization's failure to comply can result in embarrassment, poor donor relations, wasted time and even costly penalties or challenges to your tax-exempt status. The panel of not-for-profit accounting experts will share their knowledge and experience to help you stay in compliance. Part Two of this two-part onDemand series of programs will cover the major learning subjects below:  Learn what is a special event and how to properly define categorize events.  Learn how to calculate direct benefit using good faith estimate and aggregate value.  Get an overview of other fundraising event types including raffles, sweepstakes, silent auctions and gaming activities and the difference between each.  Get an understanding of Unrelated Business Income Tax (UBIT) as it applies to fundraising Learn how to report fundraising events for both Federal 990 and Illinois AG990.  Understand what defines a corporate sponsorship.  Understand IRS' thoughts on Safe Harbor (qualified) sponsorships.  Get key IRS guidelines and definitions of return benefits of corporate sponsorships.  Learn what rules to follow to avoid providing advertising return benefit to corporate sponsors.  Understand the rules and guidelines to follow for online fundraising RECORDED AT: 2013 NOT-FOR-PROFIT FUNDRAISING RULES & REGULATIONS CONFERENCE about the presenter(s): Carla Denison-Bickett Carla Denison-Bickett is currently the Chief Financial Officer for The Cara Program, one of Chicago's leading workforce development programs, after joining in 2009 to serve as Director of Finance. Carla previously worked as a Vice President of Finance at Lehman Brothers Asset Management LLC and as the Controller for Lincoln Capital Management.Carla is a C.P.A. and holds a Master of Business Administration from the Booth School of Business at the University of Chicago, which she completed in 2004. She has extensive management, reporting and budgeting experience and is responsible for the financial reporting, accounting and government contract management as well as technology and human resources for The Cara Program and its social enterprises. Carla is the Treasurer and a Board Member for RefugeeOne, a managing member for the 180 Properties LLC and a member of the IL CPA Society Non-Profit Organization Committee. Julie Hoffmann Julie joined A Better Chicago in 2012 and leads the organization's fundraising and marketing activities. Previously, Julie was the director of development and communications for The Cara Program, one of Chicago's leading workforce development programs. In this role, Julie significantly grew The Cara Program's private funding and led the growth of the organization's development office. Earlier in her career, Julie served as a consultant for Volunteers for Economic Growth Alliance, and as a community health volunteer in Peru through the United States Peace Corps. Julie has a BA in sociology and Spanish from Vanderbilt University and an MBA in international management from the Thunderbird School of Global Management. Melissa E. Struck, CPA Melissa has spent the majority of her 12 years in the accounting field performing, managing and supervising audits of tax exempt organizations. She has extensive experience handling the distinctive issues facing these organizations in today's challenging environment and is the leader of CliftonLarsonAllen's Chicagoland Nonprofit Services Group. Melissa has worked extensively with a wide range of nonprofit organizations, including associations, social service agencies and foundations. She is well versed in all aspects of the challenges faced by organizations in the completion of financial statement audits, single audits and agreed-upon-procedures. Melissa is a member of the Illinois CPA Society's Not-for-Profit Committee and has presented at several of their Not-for-Profit conferences. In addition, Melissa is a regular presenter for national CliftonLarsonAllen nonprofit educational seminars and webcasts. Her topics have included cost allocation and alternative investment strategies as well as changes in accounting standards and how they affect nonprofit organizations. Melissa received her Bachelor of Business Administration degree in accounting from the University of St. Francis. Wayne Harder Wayne is a tax services director with McGladrey's not-for-profit and health care services group based in Chicago. Wayne served as a Manager with a Big 4 and has over 10 years experience in taxation with exempt organizations, health care organizations, pensions, corporations, and pass-thru entities. His experience has included international social services organizations, health care systems, state pension funds with large real estate holdings, community hospitals, colleges and universities, and trade associations. Wayne has assisted organizations with a variety of issues such as structure and reorganization, unrelated business income and has been active in assisting exempt organizations with the implementation of the revised Form 990 over the past three years. Wayne serves on the Illinois Society of CPA's Not-for-profit Organization Committee. Providing guidance and education to CPAs throughout the state of Illinois. Wayne is active in the community serving on the finance committee for the South Suburban Chicago Habitat for Humanity. Mickey Scheffki Mickey Scheffki is a partner and director of technology consulting for CliftonLarsonAllen in Peoria.She can be reached at