Form 990 Schedule A: Protecting Public Charity Status, IRC 509 Public Support Test Calculations and Reporting
Recording of a 110-minute CPE video webinar with Q&A
This course will provide nonprofit advisers with a comprehensive guide to reporting the public support tests of IRC Section 509(a) on Schedule A of Form 990 Exempt Organization Information Return.
Outline
- Introduction of public charities (specific type, publicly supported, and supporting organization) and private foundations
- Publicly supported organizations: two tests
- Which test to use?
- 509(a)(1) and 170(b)(1)(A)(vi)--Part II of Schedule
- Mechanics of numerator and denominator
- 10% facts and circumstances test
- 509(a)(2) Part III of Schedule A
- Mechanics of numerator and denominator
- Investment income limitation
- Unusual grants
- Planning to avoid (or not) private foundation status
- Advantages and disadvantages of private foundation status
- Transition to private foundation status
- Obtaining a waiver of private foundation excise taxes
- Other issues/considerations
Benefits
The panel will discuss these and other important issues:
- The "10 percent facts and circumstances test" for organizations that do not qualify for public charity status under the 1/3 support rule
- Types of revenues and receipts that present special problems in determining the level of public support
- Obtaining a waiver of private foundation excise taxes where the organization unexpectedly fails the public support test
- Grants that meet the criteria for unusual grants
Faculty
Richard (Rich) Ruvelson, J.D.
Principal
Withum Smith+Brown
Mr. Ruvelson has more than 30 years of experience in providing tax services to non-profit clients, including labor... | Read More
Mr. Ruvelson has more than 30 years of experience in providing tax services to non-profit clients, including labor unions, multiemployer benefit plans, private foundations and a wide variety of public charities, including private colleges, hospitals, religious and cultural organizations, their supporting organizations and other affiliates. He has worked closely with both small and large clients on a wide range of non-profit issues including tax exemption, unrelated business income tax, public support, charitable giving and substantiation, independent contractor issues, and Form 990, Form 990-PF and Form 990-T reporting. Outside of public accounting, he has served as Tax Manager of the University of Washington and Treasurer and Finance Director of The California Endowment. He has spoken on a variety of nonprofit tax issues at a number of accounting and nonprofit industry conferences, taught at firm internal and external training and, also, taught Law of Tax-Exempts in the MBT program of the University of Minnesota’s Carlson School of Management. Mr. Ruvelson is licensed to practice law in Minnesota.
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Shalini Saidha, CPA
Senior Manager
Withum Smith+Brown
With over 12 years of experience, Ms. Saidha specializes in managing multiple tax compliance and consulting... | Read More
With over 12 years of experience, Ms. Saidha specializes in managing multiple tax compliance and consulting projects for tax-exempt organizations in the health care industry and other tax-exempt entities with a focus on preparing Forms 990, 990-T and related multistate filings and international tax forms.
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