RINA, Here Are Your Articles for Sunday, May 24, 2020
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  • SAVE the DATE!

    Join us for our next Not-For-Profit Roundtable "Mitigating Operational Risk Using a Proactive Investment Strategy: Optimizing Idle Working Capital" featuring Dhaval Patel, Investment Manager with the Tides Foundation.

    Saved on 05-22-2020 - Remove
  • RINA Wealth Management Services Welcomes Roshan Weeramantry

    Roshan Weeramantry joined RINA Wealth Management Services in September and has over 18 years of financial services experience.

    Saved on 05-21-2020 - Remove
  • Is This Your Situation: Managing Restricted Funds for a Nonprofit Organization?

    You get a large donation from a well-heeled graduate who wants it to be used for a new science building. This is just one example of money with strings attached that nonprofits need to manage appropriately. Allowing donors to have input in the use of financial gifts motivates major gift-giving.

    Saved on 05-21-2020 - Remove
  • Accepting Cryptocurrency Donations for Not-For-Profits

    Cryptocurrency has been an emerging channel for charitable giving. The trend is evident when considering that the nation’s largest donor-advised fund, Fidelity Charitable, received $69 million in cryptocurrency donations in 2017 from 169 donors.

    Saved on 05-21-2020 - Remove
  • Did You Know That Your Nonprofit Organization is Exempt from Paying Property Taxes?

    It is common knowledge that nonprofit organizations generally do not pay income tax. But did you know that nonprofit organizations that qualify for federal tax-exempt status are, by law, also exempt from paying property taxes? In the State of California, this exemption is known as the Welfare Exemption.

    Saved on 05-21-2020 - Remove
  • Nonprofit Board Fiduciary Responsibility & Risk Management

    One of the main responsibilities of nonprofit board members is to maintain financial accountability. Board members act as trustees of assets and, therefore, must exercise due diligence to make sure the organization is well-managed and its financials are sound.

    Saved on 05-21-2020 - Remove
  • Is This Your Situation: Creating a Program to Increase Endowment

    Looking for innovative ways to encourage endowment giving? You want to set endowment goals that not only are reasonable but also game-changing. Click through to discover how successful ideas can be more widely adopted.

    Saved on 05-20-2020 - Remove
  • If You Want to Be Successful, You Must Have Benchmarks

    As a business owner, you may think you're doing well, but do you have the numbers to back up your opinion? There are ways of getting actual data. Click through to learn how to get data to see how you compare against industry standards.

    Saved on 05-19-2020 - Remove
  • Local Entertainment And Events Calendar: Including Virtual Events

    You'll always know where the fun's going on with our interactive local events calendar featuring social sharing, images, videos and ticket links. Click through to see what's happening or to add your own local events.

    Saved on 05-18-2020 - Remove
  • Wishing You a Happy, Healthy and Prosperous New Year!

    May every day of the coming New Year glow with good cheer, health, happiness and prosperity for you and your loved ones. Click through for a special New Year greeting.

    Saved on 05-17-2020 - Remove
  • Compare Your Business with Your Competitors and the Industry

    Have you ever wondered how your company compares with others in your industry as a whole, including your competitors? Do you even know what your industry benchmarks are? Click through to learn where you stand.

    Saved on 05-16-2020 - Remove
  • Challenging the IRS's Valuation of Your Company

    Experts say that the average business owner grossly underestimates the value of a business. Click through to discover how to anticipate IRS challenges and shoot back with your own valuation data.

    Saved on 05-16-2020 - Remove
  • Is This Your Situation: Struggling With UBTI Issues

    Business owners, corporations and trusts pay income tax. And when tax-exempt organizations engage in commercial activity that's outside the scope of their exempt purposes, they may find themselves with unrelated business taxable income (UBTI).

    Saved on 05-15-2020 - Remove
  • Five Measurements of Nonprofit Success: KPIs that count

    Nonprofits often need to be as numbers-oriented as commercial businesses, reaching various benchmarks to achieve success. Most concentrate on the number of donors or the total amount of donations -- Key Performance Indicators (KPIs) to be sure, but not the only ones that deserve attention. Although prioritizing KPIs differ by organization, here are five popular KPIs to track.

    Saved on 05-15-2020 - Remove
  • What Is an Offer in Compromise with the IRS?

    To resolve IRS debt, should an offer in compromise be the right next step? What are the advantages? Click through to peruse the many factors to consider before attempting to settle with the IRS.

    Saved on 05-15-2020 - Remove
  • Are you Aware that the New Tax Laws make Transportation Fringe Benefits Taxable as UBIT to Nonprofits?

    The 2017 Tax Cuts and Jobs Act that was enacted late in 2017 made several changes to the tax laws affecting tax‑exempt organizations. These changes will result in some nonprofit organizations paying federal tax for the first time.

    Saved on 05-15-2020 - Remove
  • The Latest Fraud Problem: Synthetic Identities

    The most common form of identity theft these days is synthetic identity theft. If that sounds ominous to you, you're right to be scared. Click through to find out about this new twist on fraud and how to spot it.

    Saved on 05-15-2020 - Remove
  • How Do I Record Revenue?

    Not-for-profit organizations have faced a myriad of financial reporting changes in recent years and the changes are still coming.  For most organizations, 2018 or 2018-19 brought the challenges of adopting the reporting standards of ASU 2016-14, which classified net assets as with or without donor restrictions, added the liquidity footnote and required a statement of functional expenses.

    Saved on 05-14-2020 - Remove
  • RINA Accountants & Advisors Not-For-Profit Roundtable "Leverage Salesforce for Your Nonprofit"

    Please join us on September 25th at Scott's Oakland from 11:30 am to 1:30 pm for a presentation by Steve Berley on Leveraging Salesforce for Your Nonprofit. 

    Saved on 05-14-2020 - Remove
  • Changes to Net Asset Disclosures

    After December 15, 2017 the Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, will significantly affect how nonprofits communicate with stakeholders through changes to financial statement presentation and disclosures. These changes include net asset classifications and disclosures, reporting of expenses, reporting of investment returns, and liquidity and availability of resources. 

    Saved on 05-13-2020 - Remove
  • Are You Ready to Implement the New NFP Financial Statement Standards?

    RINA Not-for-Profit Roundtable Series presents "Are You Ready to Implement the New NFP Financial Statement Standards?" Join Tracy Teale and Stephanie Hyde with RINA accoutancy as they explain the ASU-2016 requirements for making changes to your not-for-profit financials.


    Saved on 05-12-2020 - Remove
  • What Keeps Nonprofit Executive Directors Awake at Night?

    Charles Sterck, the leader of RINA’s Strategic Growth Advisors, asks what  thoughts keep you awake at night. Are you worried that you don’t really know how your organization is doing?

    Saved on 05-11-2020 - Remove
  • Ready to Launch: Online Fundraising Tools

    One of the many challenges facing small and mid-sized nonprofit organizations is the need to minimize fundraising costs. Larger organizations hold large-scale events (i.e. sizeable galas, charitable auctions) or invest in ten-thousand piece direct-mail campaigns.

    Saved on 05-11-2020 - Remove
  • Best Practices for Managing Grant Requirements

    Requests for transparency and accountability continue to grow with increased donor demands around the use of contributions. Classifying revenue by restriction; means recording and reporting restrictions that funders and donors have placed on contributions.

    Saved on 05-11-2020 - Remove
  • Help Your Nonprofit Staff, Without Micromanaging

    It is natural human behavior to want to jump in when we see that someone is overwhelmed. Or, we may be inclined to tell them to “get it together,” but neither reaction is helpful.

    Saved on 05-11-2020 - Remove
  • SAVE the DATE!

    SAVE the DATE for A RINA Nonprofit Roundtable Series Event, featuring Rob Joyce – Principal, Social Impact Designs who will speak on “Beyond Bricks & Mortar: How Capital Campaigns Can Fund Big Ideas and Defined Impact”

    Saved on 05-11-2020 - Remove
  • Is Your Procurement Policy up to Date?

    Some things to consider: Compliance with UGG was not required until 7/1/18, so purchases before that date can be under another policy, but that policy should be documented. If you a calendar year end organization, this means purchases for half the year need to be under the newly adopted policy.

    Saved on 05-11-2020 - Remove
  • We're Sorry

    We’re Sorry

    You may have received the Not-For-Profit Newsletter on May 16th and realized the articles weren’t related to nonprofits. You have probably also noticed that we are using a new platform called Industry Newsletters. The articles and newsletter you received were auto generated. We apologize for any inconvenience or confusion this may have caused.

    Saved on 05-11-2020 - Remove
  • Welcome to Our Newsletter

    We are pleased to send you RINA’s new Not-for-Profit newsletter. RINA has been serving the not-for-profit industry for more than 75 years. We provide not-for-profit accounting, tax, management advisory, and additional services to community-based and other not-for-profit organizations throughout Northern California. We offer specialized knowledge of not-for-profit financial systems and understand the unique needs of your organization.

    Saved on 05-11-2020 - Remove
  • 5 Steps to the Successful Multi-Office Business

    Your company is expanding -- and that's great! You've grown from one office to two, three, or even more. But you need to be able to manage all of them to continue to grow. Click through for some help in multi-office management.

    Saved on 05-07-2020 - Remove
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Walnut Creek, CA 94596
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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