Forty-nine percent (49%) of revenue for nonprofit organizations is earned revenue—meaning it was paid as fee-for-service. An additional thirty-two percent (32%) is earned from governmental contracts or grants. Only fourteen percent (14%) of revenue comes from donations and foundation grants. It’s no wonder, then, that most nonprofits are expanding programming or business lines to increase revenue.
As long as these business lines are closely “related” to the charitable purposes of the organization, this is not a problem. But when the programming or business lines are not closely related, then they become unrelated business income (UBI), which is subject to UBI taxation (UBIT), and can—if too large—threaten the tax exemption of the organization.
This webinar will help nonprofit leaders avoid UBI pitfalls and risk losing their organization’s crucial tax exemption.
WHAT YOU'LL LEARN
Just a sampling of what this webinar will cover:
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Zachary S. Kester
Mr. Kester is the Executive Director and Managing Attorney with Charitable Allies. He speaks and publishes regularly regarding the unique needs of charities. Topics include identifying effective outcome measures, governance, board liability, human resources for small nonprofits and property tax exemption issues, among many others. He serves on the Boards of Directors of Indiana Philanthropy Alliance, Indiana's professional association of grantmakers, and Ascent 121, a leading anti-human trafficking organization based in Indianapolis. Mr. Kester was also one of twenty statewide recipients of the 2018 Leadership in Law Award from the Indiana Lawyer, and the only in the field of tax-exempt organizations. Mr. Kester has an LL.M. (Masters of Law) concentrating on the special needs of tax-exempt organizations and has practiced law primarily for charities, focusing on organizational and compliance services. He has also earned a CFRM (Certificate in Fundraising Management) from the Lilly Family School of Philanthropy. In addition, Mr. Kester has also been named a Practitioner-in-Residence at the IU Maurer School of Law in Bloomington.
Certificates of Attendance: NonprofitWebAdvisor certificates of attendance are available to all registered participants completing this webinar.