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August 30, 2016

Betty Isler, Tax Managing Director for the Tampa Bay office, published an article, Draw on the Crowd: How Not-for-Profits Can Take Advantage of Crowdfunding, in Nonprofit Information earlier this month.

In this article, Betty provides insight into how not-for-profit organizations can use crowdfunding for a number of organizational functions, from specific projects to broader causes and general support.

As not-for-profit organizations face new opportunities for receiving support from their community, the fastest growing resource comes from crowdfunding platforms. To help maximize the advantages under crowdfunding, Betty discusses five things to consider when determining how to use the crowdfunding tools:

  • Find the Right Fit
  • Be Descriptive and Project Results
  • Keep in Mind Crowdfunding Isn’t the Ultimate Solution
  • Broader Reach Means More Regulations
  • Other Additional Considerations
For questions regarding crowdfunding, please contact Betty Isler at bisler@cbiz.com or 727.572.1400. To view the full Nonprofit Information article, click here.



August 17, 2016

Tracey McDonald and Craig Gilman represented CBIZ MHM Tampa Bay at the Florida Association of Community Health Centers 2016 Annual Conference earlier this month. More than 140 people were in attendance for the three day conference at the Marriott Harbor Beach Resort in Fort Lauderdale.

FACHC provides resources for federally qualified health centers throughout all of Florida. The organization finds opportunities for centers to increase their efforts to serve the population and provide quality, comprehensive, primary care services to over 1.3 million patients..

One of the biggest challenges facing CHCs and other not-for-profit organizations that receive federal funding is understanding the impact of OMB’s recent publication of the Uniform Grant Guidance.  If policies in these areas haven’t been updated, organization’s federal funding may be at risk.

To learn how the Uniform Grant Guidance will affect your organization, contact Tracey McDonald at 813.316.4051 or Craig Gilman at 727.572.1400.



September 3, 2015

The FASB has proposed significant changes to the reporting requirements for Not-For-Profit entities in the Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities. Organizations subject to this update will be required to change the presentation of their financial statements in order to meet the new standards.

A significant modification included in the proposal would require reporting under a standard operating measure in the financial statements. Included in this proposal is a change that would affect the current classifications of net assets which include permanently restricted, temporarily restricted, and unrestricted to be replaced with only two categories: net assets with donor restrictions and net assets without donor restrictions. Not-for-profit organizations will also be required to report expenses by both the nature and function of the expenditures.  The proposal allows for the presentation of expenses by function and by nature on the face of the statement of activities, as a separate statement, or within the note disclosures.

Other changes include the required use of the direct method for the cash flow statement presentation of cash provided by operating activities and classifying cash flows consistently with the classifications used in the statement of activities.   

Comments on the proposal will be accepted on the FASB website until August 20. If you have questions regarding these proposed changes or not-for-profit financial reporting requirements, feel free to contact me, Jason Pittman, at jpittman@cbiz.com or one of my colleagues at CBIZ MHM Memphis.

Further information about the released exposure draft can be found on the Mayer Hoffman McCann, P.C. website.




August 25, 2015

CBIZ MHM Tampa Bay understands the challenges of operating in the nonprofit sector, and we provide the support that makes it easier for you to focus on core functions. Below are some of the exciting things happening in our national and local Not-for-Profit practice.

  • Monthly e-Newsletter – CBIZ & MHM publishes the Not-for-Profit Viewpoint, a monthly e-newsletter on the subjects affecting the NFP industry.  The latest newsletter featured topics such as Top Audit Risk Points and How to Triage a Website Breach.
  • National Webinars – CBIZ & MHM produce complimentary, CPE-certified webinars.  One webinar of note coming up on September 17 will focus on “Controlling and Managing Healthcare Costs – Practical Guidance to Maximizing Value.”
  • Local Roundtables – As new guidance and regulations are issued, we regularly respond with in-person education opportunities for the Tampa Bay area.  Most recently, we produced a 3-part breakfast series on the new OMB Uniform Guidance for recipients of federal funding.
  • Forbes America’s Best Employers – CBIZ was recognized this year as the #1 Accounting Employer in America by Forbes.  Additionally, our Tampa Bay practice was recognized again by TBBJ, Tampa Bay Times, and Florida Trend as a Best Place to Work.  What does this mean to you?  We focus on recruiting and retaining the best talent, so our clients get the best of the best on their engagement teams.
  • Board Governance Presentations – Our professionals regularly make presentations to NFP Boards of Directors on best governance practices. These 1-2 hour presentations cover best practices, board member roles and responsibilities, and fiduciary risks and liabilities.
  • Tampa Bay Business Journal’s Outstanding Board of Directors Awards – In appreciation for the service Boards of Directors provide to NFPs like yours, consider nominating a valued Board member in TBBJ’s newest awards.  CBIZ & MHM are proud to sponsor these awards.  Nomination information can be found here.

If you would like to learn more about any of these specific items or have questions for our NFP experts, contact Craig Gilman at cgilman@cbiz.com or Tracey McDonald at tracey.mcdonald@cbiz.com.




July 9, 2015

Please join us for this free seminar where you will receive timely information on pertinent not-for-profit topics and practical guidance in these areas - all while networking with colleagues and enjoying breakfast on us.

Executive Compensation in Tax Exempt Organizations: 

A Not-For-Profit Guide to Navigating Intermediate Sanctions

Government agencies have stepped up their intermediate sanctions enforcement efforts and the IRS has assessed millions of dollars in fines to not-for-profit executives and board members as a result of its Executive Compensation Compliance Initiative. Ed Rataj, Managing Director of Compensation Consulting at CBIZ, will discuss what intermediate sanctions are, the new Form 990 questions pertaining to efforts made to fulfill the rebuttable presumption standard, who among your executives and board members are subject to intermediate sanctions and how to protect your organization.

Selecting the Best Retirement Plan for My Organization: 

403(b) vs. 401(k)

Pattie Stahm, Senior Relationship Manager of Retirement Plan Services at CBIZ, will discuss the subtle yet distinct differences between 403(b) and 401(k) plans. She will talk about specific differences required by regulations and how participant demographics and organization objectives can impact the decision on which plan to sponsor.

This seminar is free and qualifies for 2 CPE credits.

To register, please click here.




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