Revised Form 990 for Fundraising Activities

1. Revised Form 990for Fundraising Activities

2. Fundraising Requirements for Schedule G • Schedule G Reporting if the Organization had the following: Greater than $15,000 in: 1. Professional Fundraising Fees 2. Contributions Received from Fundraising Events 3. Gross income from Gaming Activities

3. 990 Fundraising Reporting • Greater than $15,000 in Professional Fundraising Fees -Includes solicitation campaigns and advice or other consulting services supporting in-house fundraising campaigns -Distinguish between fees paid for professional fundraising fees and for fundraising expenses (such as printing and postage) which should be classified as other expenses • if unable to distinguish, all expenses should be included as professional fundraising expenses -This amount is reported on Part IX (Statement of Functional Expenses), Line 11e -Schedule G, Part I-Fundraising Activities

4. Schedule G, Part I-Fundraising Activities • Schedule G, Part I Requirements • List 10 highest paid professional fundraisers paid at least $5,000 for professional fundraising services • Items Required: -Report gross receipts connected to the services provided and, -Dollar amount in fees paid to the fundraiser for its professional fundraising services • List all states in which the organization is registered/licensed to solicit funds

5. 990 Fundraising Reporting 2. Greater than $15,000 in Contributions Received from Fundraising Events -includes but not limited to gaming events, dinners, auctions, or any other event conducted for the sole purpose of raising funds for the organization’s exempt activities -Example: Organization holds a dinner event and charges $500 per person. Dinner has a retail value of $100. Therefore, $400, the amount of the contribution would be reported as contributions received from Fundraising Events -This amount is reported on Part VIII, Statement of Revenue, Line 1c and Line 8a (contributions received from fundraising events) -Schedule G, Part II, Fundraising Events

6. Schedule G, Part II-Fundraising Events • Schedule G, Part II Requirements • List the two largest fundraising events with gross receipts greater than $5,000 and report the total number of all other events with gross receipts greater than $5,000 • For each event, report: • Revenue • Gross Receipts and Charitable Contributions • Direct Expenses • Amount paid for cash prizes • FMV of noncash prizes paid or given out for each event • Expenses paid or incurred for the rent of lease of property/facilities • Other direct expenses, such as catering, entertainment, labor, etc..

7. Schedule G, Part II (continued) • Fundraising Events Include: • Dinners/Dances • Door-to-door sales of merchandise • Concerts • Carnivals • Sports Events • Auctions • Fundraising Events Do Not Include: • Sales or gifts of goods or services of only nominal value • Raffles or lotteries in which prizes have only nominal value • Solicitation campaigns that generate only contributions • Proceeds from these activities are considered contributions (reported on Line 1f (all other contributions)

8. Form 990 – Schedule G, Part III Gaming 3. Greater than $15,000 of Gross Income from Gaming Activities Schedule G-Part III Gaming Required • Three categories of Gaming Activities Bingo, Pull Tabs, and Other • Items to Report (for each category of gaming activities) • Gross Revenue (Gross Receipts less Contributions) • Direct Expenses • Cash Prizes • Noncash Prizes • Compensation to workers • Rental of Gaming Equipment • Cost of supplies

9. Types of Gaming **Remember-Many games of chance are taxable (unrelated business income) “The material contained in this presentation is for general information and should not be acted upon without prior professional consultation.” • Include-but not limited to… • Bingo • Pull Tabs • Instant Bingo • Raffles • Scratch-offs • Charitable Gaming Tickets • Break-opens • Hard Cards • Banded Tickets • Jar Tickets • Pickle Cards • Casino Nights