Nonprofit Issues Newsletter, April 2021
Planning for Success: Key Factors for Nonprofit Executive Compensation
Executive compensation is a complex issue for churches and ministries. While effective compensation packages help organizations attract and support talented, passionate employees, they must also meet IRS requirements and stand up to public scrutiny.
We recently discussed these issues with two industry thought leaders. Learn from their insight on nonprofit executive compensation best practices.
Cryptocurrency Considerations for Nonprofits
Cryptocurrency, especially Bitcoin, is receiving a great deal of attention, and many nonprofit leaders have questions about how their organizations might be able to benefit from this digital currency.
Here are financial reporting, tax compliance, and other considerations nonprofit organizations should think through before accepting or using cryptocurrency.
IRS Issues Final Regulations on UBTI “Silos”
The U.S. Treasury and IRS have published final regulations under Internal Revenue Code Section 512(a)(6), the provision requiring tax-exempt organizations with more than one unrelated trade or business to calculate unrelated business taxable income (UBTI) separately with respect to each trade or business.
The final regulations provide guidance on how an exempt organization determines if it has more than one unrelated trade or business and, if so, how the organization calculates UBTI under Section 512(a)(6). Here’s what you need to know.
Apple Inc: Let’s Bring People Back to Church
People line up for hours to get into Apple retail locations. There is a buzz. People are having an experience.
Nathan Artt, Principal and Owner of Ministry Solutions, examines what churches can learn from Apple about creating an excellent in-person experience. Read more.
CapinCrouse Lease Toolkit Now Available
Financial Accounting Standards Board (FASB) Topic 842, Leases, overhauled the prior accounting standard for leasing transactions. We’ve developed the CapinCrouse Lease Toolkit to help your organization understand and implement the new lease standard efficiently and effectively.
Learn about the new standard and access your free Lease Toolkit.
Join Us for the CapinTech Cyber Series
Cyber risks and security considerations are constantly evolving. The new CapinTech Cyber Series of webcasts is designed to keep you up to date on the latest cybersecurity issues and risks, with practical steps you can take to address them.
Mark your calendar for the first of these informative webcasts. Details and registration will be available soon:
Wednesday, May 12
Information Security Training
Wednesday, June 2
IT/IS Strategic Planning
CapinCrouse Named an Accounting Today Top Regional Leader
We are honored to have been designated an Accounting Today Top Regional Leader for 2021. This is an annual ranking of leading firms, based on revenue.
CapinCrouse serves more than 1,500 nonprofit entities nationwide. We are grateful for our clients and dedicated team members who make the firm’s success possible. Thank you!
Meet Lindsey Whinnery
CapinTech Partner Lindsey Whinnery has over 20 years of experience in information technology and information security. “I truly enjoy helping clients meet compliance requirements and assess their information security controls so they avoid becoming the next cybersecurity breach headline,” she says.
What the Church May Look Like After COVID-19
Many things will be different after COVID-19. But what will the church look like?
CapinCrouse Partner and Church and Denomination Services Director Rob Faulk shares practical insights churches can use in a post-pandemic operating strategy in this XPastor article.