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Understanding the Public Support Test and What it Means to Your Public Charity – GWSCPA Nonprofit Symposium

Event type:  Seminar
Date:  December 16, 2013
Time:  4:40PM EST-5:30PM EST
Location: 

Omni Shoreham Hotel
2500 Calvert Street, NW
Washington, DC 20008

Details: 

Nonprofit Tax Principals Steve Kelin and Richard Locastro will be presenting at the 2013 GWSCPA Nonprofit Finance and Accounting Symposium. They will present on Understanding the Public Support Test and What it Means to Your Public Charity.

Maintaining your status as a public charity is critical to your organization. Failure to monitor and understand the complex and often perplexing public support test (Schedule A of Form 990) can lead to loss of public charity status. This seminar will explain the different definitions/tests of public charity status, review the calculation of public support for each and highlight common mistakes and misunderstandings. Audience attendees will, following the presentation:

1. Understand what public status is and how it impacts tax-exempt organizations
2. Learn how to capture information necessary to accurately calculate the public support
3. Increase awareness of common mistakes made in calculating public support
4. Learn how to monitor public support calculations and understand when and why the public support percentage may be an issue for your organization
5. Learn how to anticipate potential problems far enough in advance so as to allow for the development of corrective strategies

Gelman, Rosenberg & Freedman will also exhibit during the symposium and be available to answer your questions about our audit, tax, accounting and consulting services for nonprofit organizations.

More info:  View event details
Presenters:  Stephen J. Kelin
Richard J. Locastro

When selecting an auditor, the Council on Social Work Education sought a firm that could bring the greatest technical expertise to our organization. I remember my first meeting with Terri McKnight. As a new Executive Director, I felt very confident that she and Gelman, Rosenberg & Freedman had a handle on the nonprofit industry and could help us make better financial decisions for our environment.

Dr. Julia Watkins |  Executive Director
Council on Social Work Education