Recent changes in nonprofit reporting requirements have not been widely promoted. For those new to nonprofit administration, many rules are hard to find. It is all too easy to be fined or even lose 501(c)3 status if one is unaware of the rules.
Top issues you need to know for your organization will help new executives and board members steer the right course. The seminar will be presented in the St. Petersburg Greenhouse on November 19 from 9:00 – 10:30 a.m. The Greenhouse opens at 8:30 for coffee and networking.
“Top Issues Nonprofits Need to Avoid” will be presented by Byron Smith from Gregory Sharer & Stuart. Byron is the leader of GSS’s Wealth Strategies & Services Team and also serves as a management member of the GSS tax accounting practice. Byron and his colleagues will review rules and common misperceptions including:
· Requirements for nonprofit incorporation and annual renewals at state level
· Requirements for nonprofit status and annual requirements for federal level.
· Requirements regarding donations of cash, volunteer time, silent auction gifts
· Raffle tickets, tax on admissions, auction items, artwork sales
· Valuing and reporting of inkind donations
· How UBIT (unrelated business income tax) can trip you up
· What fundraising statement and where it should be posted for fundraising collateral and website
· What is needed to comply with Conflict of Interest rules
· What is needed to engage a fundraising consultant in Florida and what must be reported.
The St. Petersburg Arts Alliance presents free arts & cultural education seminars in partnership with The Greenhouse. Please reserve your place
early. http://stpetegreenhouse.org/ or call 727.893.7146.