He has the gift of being able to know in depth matters financial, including IRS details and changes, and being able to translate the CPA world and its requirements and value to laity and clergy alike.
Rev. Louis R. Lothman, Th.D., Director, Pastoral Counseling Services, Presbyterian Minister, Presbyterian Church (U.S.A.)
Nonprofit organizations are generally the recipients of donated funds and are expected to be good stewards of the money and goods entrusted to them. Some charities are also distributors of those funds and goods, benefitting individuals and organizations as they conduct their ministries. For these institutions, establishing and following a defined benevolence policy is especially […]
Of course you appreciate your donors – they’re your lifeblood, helping your ministry thrive. While most donors expect to receive the perfunctory form thank-you letter, which acknowledges their gift(s) and supports their tax deduction, why not make them feel extra special? At your next board meeting, ask board members to help make your organization shine […]
Earlier this year the IRS released its report on tax-exempt colleges and universities, documenting cases of unreported or underreported unrelated business income. The findings should be noted by most nonprofits. According to the report, 90% of the colleges and universities studied showed increases in unrelated business taxable income. Reporting on unrelated business income has been […]
