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

Author: Jane Searing

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This on-demand course helps CPAs and tax practitioners understand the compliance issues related to Form 990 reporting on fundraising issues, donor acknowledgment, gifts in kind, special events, and galas.

The disclosures on fundraising are important to public perception of tax-exempt organizations. In addition, understanding the reporting requirements and exceptions is necessary to correctly prepare the Form 990. Even seasoned return preparers can be confounded and surprised by even basic issues when the filer's facts are complicated. Understanding the details of the instructions and definitions is critical to getting it right.

Join one of the country's leading tax-exempt organization practitioners, Jane Searing, CPA, M.S. Taxation, for a practical examination of the compliance issues related to Form 990 reporting fundraising issues, donor acknowledgment, gifts in kind, special events, and galas. Ms. Searing is a co-author of the Form 990 Compliance Guide published by Wolters Kluwer. This program will help you gain a complete understanding of the nuances of the parts of the Form 990 reporting requirements.

Publication Date: April 2017

Designed For
This program is beneficial for CPAs, enrolled agents, tax return preparers, tax attorneys and financial advisors who work with not-for-profit organizations and their donors.

Topics Covered

  • Fundraising reporting
  • Donor reporting and substantial contributor disclosures
  • Donor acknowledgment
  • Reporting special events and galas
  • Non-cash Contributions
  • Charity Responsibilities
  • Donor restrictions
  • Chronology of Events
  • Auction Procurement
  • Special Event Donor Acknowledgment
  • Form 990
  • Schedule G
  • Donor Advised Funds
  • Memberships
  • Qualified Corporate Sponsorship
  • Social Media
  • Crowd Based Funding
  • Commercial Co-Venture

Learning Objectives

  • Recognize fundraising reporting issues on Form 990
  • Explain donor reporting and substantial contributor disclosures
  • Prepare proper donor acknowledgment documents
  • Report special events and galas on Form 990
  • Identify when penalties are applicable
  • Differentiate when the value of the contribution is or isn't affected by the nature of the gift
  • Recognize how communications by a charitable organization can inadvertently restrict the amount of donor contributions
  • Describe the proper forms in order for a donation to be deductible for the donor
  • Recognize requirements for a qualified appraisal
  • Differentiate when there is no charitable deduction under IRC §170
  • Identify when a charitable organization's financial statement is required to be reported, but not on the tax return


Instructional Method

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

Registration Options
Regular Fee $59.00

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