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nonprofit news and events

The Bush School of Government & Public Service at Texas A&M University is looking for graduate students during the 2016 – 2017 academic year.

“The Bush School Consulting Capstone (BSCC) assists client organizations in addressing existing and emerging challenges. Projects will be based on your needs and could entail a range of topics such as: feasibility studies, needs assessment, program evaluation, organizational assessment, human resource planning, and strategic planning. See this page for example prior projects.

The goal of the capstone is to enhance students’ management and policy education by developing collaborative consulting engagements with organizations to address substantive management and policy issues. Size of student teams will be dependent on the complexity of client projects.  We anticipate most teams will range from 5-8 members.  Faculty supervisors are Will Brown, Deborah Kerr, and Wynn Rosser. The consulting capstone utilizes a structured framework to approach problem definition and project oversight.

The 2016-2017 applications are available at the following link: http://goo.gl/forms/FeX6uqU7fDlKZqv73. Prospective client organizations are asked to complete an application by July 15, 2016.  Applications will be reviewed by faculty sponsors and then screened by students. Selection of client hosts should be completed by mid-September.  If your project is selected, student teams will meet with client hosts to develop a problem definition (work scope) memo by the end of September. The student team will then work with organizations to complete the agreed upon scope of work by May 2017.

For additional information please contact:

Matthew Upton

Assistant Dean of Career & Student Services

Bush School of Government & Public Service

Texas A&M University

4220 TAMU, College Station, TX 77843-4220

mupton@tamu.edu | (979) 862-8824

by July 15, 2016

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FirstCity Financial is closing and offering local nonprofits office supplies!

The final day to pick up office supplies is June 14 from 9 am – 4 pm.

Common office supplies like these will be available: file folders, hanging folders, binders, desk organizers, staplers, tape dispensers, paper clips, binder clips, tabs, binding machines/combs, waste baskets, holiday decor/kitchen items, guest/office chairs, plants and more.

Please bring a receipt from your organization for tax purposes. If possible, bring bags or boxes to transport items.

Contact Teresa Roper (254.761.2895) or Sarah Wedeking at (254.761.2901) for questions.

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Some Form 990-N Electronic Filing System (e-Postcard) users may see error messages, helpful advice given by the IRS.

The Form 990-N online filing system moved from Urban Institute to IRS.gov in February. While the new system has been successful, a very small percentage of users see site errors while registering or submitting the form. The IRS offers this advice:

  • Review the steps listed on How to File Form 990-N. Pay particular attention to the “text character” restrictions.
  • The Form 990-N (e-Postcard) User Guide will explain each step in the filing process.
  • If site errors are unresolved, call TE/GE Customer Account Services at 877-829-5500. A representative will gather your Form 990-N information for filing on your organization’s behalf.
  • Organizations will not be penalized for filing late if it was caused by website issues. Organizations should continue efforts to file, even if they are late.

For more on filing Form 990-N, see the Form 990-N page on IRS.gov.

 

All tips list above were given by the IRS.

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Overtime and Overhead Rules Changing Soon with US Department of Labor

OVERTIME and OVERHEAD Rules Changing Soon

If you haven’t already heard, the US Department of Labor is changing the rules on overtime and overhead.

For a helpful explanation of these new rules, read more on CouncilofNonprofits.org: “DOL Proposed Overtime Reforms and the Impact on Nonprofits” Here are some highlights:

What’s Being Proposed?

The proposed overtime regulations would do three things. The Department proposes:

  1. Raising the standard minimum level for salaried workers from $455 per week ($23,660 per year) to what amounts to the 40th percentile of weekly earnings for full-time salaried workers. This amount for 2016 is estimated to be $970 per week, or $50,440 annually.
  2. Raising the standard salary minimum for highly compensated employees from $100,000 a year to the annualized value of the 90th percentile of weekly earnings of full-time salaried workers, or about $122,148 annually.
  3. Implementing a mechanism for automatically updating these two minimum salary levels to adjust for inflation and preclude the need to regularly change the levels via future regulatory actions.

See more by visiting https://www.councilofnonprofits.org/trends-policy-issues/dol-proposed-overtime-reforms-and-the-impact-nonprofits#sthash.i4tgFDXw.dpuf

Stay up to date with the Wage and Hour Division from the US Department of Labor’s site: https://www.dol.gov/whd/flsa/index.htm

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“Most Donors Give Cash, Unaware Of Alternatives” says Andy Segedin, thenonprofittimes.com.

Nearly half (47 percent) of donors have never used a giving vehicle other than cash, despite having the means. Four out of five donors possess assets such as stocks, bonds and mutual funds, yet only 21 percent have contributed such assets to charity… The data comes from a survey of 950 consumers conducted by Fidelity Charitable of Boston, Mass. Read more about this topic at thenonprofittimes.com.

 

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Virtual Tax-Exempt 501(c)(3) Workshops Available for Educational Institutions

In an effort to allow educational institutions better access to our popular workshops, the Exempt Organizations office has posted a virtual version of the workshop lessons on our educational website, StayExempt.irs.gov.

Have you attended one of the IRS Exempt Organizations (EO) Small and Medium-Sized 501(c)(3) Workshops? Here’s an easy way to experience the training from your own computer. In an effort to allow educational institutions better access to our popular workshops, the Exempt Organizations (EO) office has posted a virtual version of the workshop lessons on our educational website, StayExempt.irs.gov.

This online tool covers the basics of tax compliance for small and medium-sized 501(c)(3) organizations and is designed to help faculty, students and staff involved in nonprofit management and related programs in colleges and universities.

Educational institutions are encouraged to use these courses to enhance their learning programs. Participants may take these interactive presentations in any order at any time. Certificates of attendance are provided at the end of most lessons.

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IRS to offer webinar regarding Affordable Care Act.

Webinar: Affordable Care Act: Information Reporting by Providers of Minimum Essential Coverage (MEC) (§6055)

IRS Presenter: Timothy Berger, Tax Law Specialist, Office of Tax Exempt and Government Entities

Learn about:

  • Information Reporting for Issuers Overview
  • Minimum Essential Coverage (MEC)
  • Reporting Requirements
  • Forms
  • Resources

We want to hear from you! If you have any questions or comments, please send us an e-mail.

Continuing Education Credits will not be offered for this event.

Date: March 29, 2016

Time: 2 pm Eastern Time, 1 pm Central Time, 12 pm Mountain Time, 11 am Pacific Time

For more information or to register for this webinar, click here.

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IRS Alerts Payroll and HR Professionals to Phishing Scheme Involving W-2s

IRS.gov

IRS Alerts Payroll and HR Professionals to Phishing Scheme Involving W-2s

WASHINGTON – The Internal Revenue Service today issued an alert to payroll and human resources professionals to beware of an emerging phishing email scheme that purports to be from company executives and requests personal information on employees.

The IRS has learned this scheme – part of the surge in phishing emails seen this year – already has claimed several victims as payroll and human resources offices mistakenly email payroll data including Forms W-2 that contain Social Security numbers and other personally identifiable information to cybercriminals posing as company executives.

“This is a new twist on an old scheme using the cover of the tax season and W-2 filings to try tricking people into sharing personal data. Now the criminals are focusing their schemes on company payroll departments,” said IRS Commissioner John Koskinen. “If your CEO appears to be emailing you for a list of company employees, check it out before you respond. Everyone has a responsibility to remain diligent about confirming the identity of people requesting personal information about employees.”

IRS Criminal Investigation already is reviewing several cases in which people have been tricked into sharing SSNs with what turned out to be cybercriminals. Criminals using personal information stolen elsewhere seek to monetize data, including by filing fraudulent tax returns for refunds.

This phishing variation is known as a “spoofing” email. It will contain, for example, the actual name of the company chief executive officer. In this variation, the “CEO” sends an email to a company payroll office employee and requests a list of employees and information including SSNs.

The following are some of the details contained in the e-mails:

  • Kindly send me the individual 2015 W-2 (PDF) and earnings summary of all W-2 of our company staff for a quick review
  • Can you send me the updated list of employees with full details (Name, Social Security Number, Date of Birth, Home Address, Salary) as at 2/2/2016.
  • I want you to send me the list of W-2 copy of employees wage and tax statement for 2015, I need them in PDF file type, you can send it as an attachment. Kindly prepare the lists and email them to me asap.

The IRS recently renewed a wider consumer alert for e-mail schemes after seeing an approximate 400 percent surge in phishing and malware incidents so far this tax season and other reports of scams targeting others in a wider tax community.

The emails are designed to trick taxpayers into thinking these are official communications from the IRS or others in the tax industry, including tax software companies. The phishing schemes can ask taxpayers about a wide range of topics. E-mails can seek information related to refunds, filing status, confirming personal information, ordering transcripts and verifying PIN information.

The IRS, state tax agencies and tax industry are engaged in a public awareness campaign – Taxes. Security. Together. – to encourage everyone to do more to protect personal, financial and tax data. See IRS.gov/taxessecuritytogether or Publication 4524 for additional steps you can take to protect yourself.

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