American Workforce Empowerment Act

American Workforce Empowerment Act

ISSUE Non-technical degrees, certificate programs, and apprenticeship programs may be opportunities that figure into your institution’s future.  The Department of Education offers options in these arenas.  Now, a new bill – introduced last week – in the House of...
Conservation Easements

Conservation Easements

ISSUE The Senate Finance Committee has been holding hearings on Conservation Easements.  The not-for-profit press tends to rail about abusive uses of these tax-planning vehicles.  What are they?   SITUATION Denali Christian College (DCC) is a private college...
Chief Financial Officers Conference 2019

Chief Financial Officers Conference 2019

ISSUE There are so many challenges out there for Christian college financial leaders.  From accounting pronouncements, to tax law changes at the federal and state levels, to how to report/communicate with your board and management it can be mind-boggling.  This fall,...
How Do We Inform the IRS of a Name Change?

How Do We Inform the IRS of a Name Change?

ISSUE Exempt organizations are required to inform the IRS when they change their name.  There are several ways in which an institution can do this.  The “prescribed” method is on the next Form 990 you file.  But, what if you are not required to file Form 990?  Or,...
Revenue Enhancement Opportunities

Revenue Enhancement Opportunities

ISSUE Welcome to “Tax Tips” Number 200!  Truly, all Bible Colleges and Seminaries should be considering how they might leverage their God-given gifts, skills, knowledge, and experience to create alternative revenue sources that might be a blessing to all.  ...