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Category: Not-for-Profit Industry

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COVID Relief Bill – Updates for Not-for-Profits

At the close of 2020, new legislation provided some relief for not-for-profit organizations. Here are the highlights. Charitable Deduction: The $300 ($600 for married filing jointly) charitable deduction for non-itemizers provided under the CARES Act is extended through 2021. Further, the corporate charitable deduction limit will continue to be 25% of taxable income, instead of […]

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Blue & Co. December 2020 Webinars

It’s webinar season at Blue & Co., LLC.! Check out all of our upcoming events for the week of December, 14. Monday, December 14 Panel Discussion Regarding Paycheck Protection Program (PPP) Webinar – Free to attend On Monday, December 14 from noon – 1 p.m. EST, Blue & Co., LLC will be hosting a panel […]

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Accounting for Stock Gifts for your Not-For-Profit

As we near year-end, not-for-profit organizations may see a rise in non-cash stock gifts as donors plan their holiday giving and/or meet with their tax advisors to maximize tax saving strategies for the current year. Unlike cash gifts, non-cash gifts such as stock often cause concern and pose questions for nonprofits. For example: How is […]

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Nonprofit Trends: Mergers & Acquisition Considerations

2020 has been a difficult year for nonprofit organizations. Challenges include declining revenues from donor contributions and government funding, as well as increased demand for services due to the economic impacts of the pandemic. This year, more than most, for nonprofit organizations to survive in today’s economy, cutting expenses and strategic collaborations will help ensure […]

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Planning for the Future of your Organization 

Planning and budgeting for future years can be difficult even in times of stability. With the COVID-19 pandemic and all of the other economic changes we’ve seen in 2020, planning for the future of your Organization might seem more daunting than ever. However, planning for the upcoming periods is likely more important than ever before. […]

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On Demand Webinar: The National Bank of Indianapolis 2020 Nonprofit Training Series: Managing Change in Times of Uncertainty

In 2020, nonprofit organizations met unprecedented challenges resulting from COVID-19. Join local nonprofit leaders for a panel discussion on how they managed change for their organization in 2020 and how they will use their experiences to plan for 2021 and beyond. During this session, Erin Hedges, Founder & President of Hedges will moderate a discussion […]

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Political Activity and Not-For-Profit Organizations

With the current political climate and upcoming elections, your not-for-profit organization may be considering how you can get involved. The most important thing your organization can do is to make sure you understand the rules and regulations before you participate in any type of political activity. This begins with understanding the distinction between political campaign […]

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On Demand Webinar: NBI 2020 Nonprofit Training Series: Communicating Your Impact

Join The National Bank of Indianapolis and McGovern Consulting Group Thursday, September from Noon to 1 PM Eastern for The National Bank of Indianapolis Session 3 of the 2020 NonProfit Training Series, titled Communicating Your Impact! During this session, TJ McGovern of McGovern Consulting Group will guide you through a virtual session focused on how to simplify […]

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Private Foundations and Self-Dealing

While both exempt under IRC Section 501(c)(3), private foundations have several restrictions that do not apply to public charities. One major restriction is the self-dealing rules. Private foundations are prohibited to engage in acts of direct or indirect self-dealing with disqualified persons. There are six specific acts of self-dealing between a private foundation and a […]

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Is Your NFP Organization at Risk?

Cyber Security Vulnerabilities In light of the recent Blackbaud data breach, we are reminded of the importance of ensuring your data is secure and being aware of cybersecurity vulnerabilities. What should be done to address the risks? Not-for-profit organizations handle sensitive data every day, which makes them a prime target for an attacker. Reputation is […]

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Indiana Sales Tax Changes for Nonprofits

By: Angela Crawford, CPA, Senior Manager The recently enacted Senate Enrolled Act (SEA) 382 (2022) makes significant changes in the way not-for-profit organizations purchase and sell items exempt from sales tax. Sales tax information Bulletin 10 has been revised to reflect these changes. While sales tax-specific changes are detailed within the bulletin, here are the […]

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Facility Emergency Department Leveling | Stethoscope laying on top of financial reports | Blue & Co., LLC

Is Your Current Facility Emergency Department Leveling Process Working?

Blue & Co. has performed many Emergency Department Leveling Reviews for hospitals. The two most utilized leveling criteria are “points-based” or “intervention-based.” In either case, each hospital must determine which facility resources (or attributes) to include within its criteria, and how these resources crosswalk into ED visit levels (99281-99285). This can create significant reimbursement differences […]

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Cybersecurity in the Construction Industry

Cybersecurity in the Construction Industry

By: Tom Skoog, Cybersecurity & Data Management Practice Leader Cybersecurity for the construction industry is a growing challenge. The industry is moving towards digital connectivity, not only across the supply chain, but also ‘on site’ as more metrics related to performance, progress, and health & safety are monitored in ‘real time’. This increase in connectivity […]

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