The Affordable Care Act’s (ACA’s) shared-responsibility provision, commonly referred to as “play or pay” — requiring that “large” employers offer their employees affordable health insurance or pay a penalty — has been delayed until 2015. But that means that now is the time for not-for-profit organizations to determine what it will mean for their bottom line. This article explains who qualifies as a large employer and how “affordable” is defined. A Sidebar discusses how smaller not-for-profit organizations can qualify for the Small Business Health Care Tax Credit.
This edition focuses on two topics. The first article addresses how to manage and safeguard peer-to-peer fundraising efforts utilized to raise money for not-for-profits. The second article, “Newsbits,” discusses a court case, the concept of kaizen (continuous improvement) and results from a study focused on public support for community foundations.
Does your not-for-profit receive and make use of endowments? The term “endowment” is a frequently misused term in the not-for-profit world. A true endowment consists of funds received from external donors with restrictions that the principal or gift amount is to be retained in perpetuity and cannot be spent.
Summer 2013 Online Resources For Exempt Organization Information By: Charles J. Burke, CPA A vast array of exempt organization information is widely available on the internet, however as we all know, not all information is created equal, especially on the World Wide Web. Finding accurate and relevant information from reputable sources is integral for potential… Continue reading »
This edition focuses on two topics. The first article addresses how organizations can maximize the potential of current technology tools by developing mobile websites and apps, leveraging social networks and expanding their Web presence. The second article focuses on not-for-profit mergers and what you need to consider before joining forces.