Questions and Answers

Posted by Alan on November 18, 2010

During a recent workshop on the form 990 there were a couple of questions that came up that I said I would get more information on. Reporting In-Kind Income On the form 990 you do report non-cash contributions in Part VIII, Statement of Revenue. The IRS considers non-cash contributions to be anything “other than cash, [...]

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Category Categories: IRS, Tax Forms  |  Tag Tags: , , ,  |  Comments 2 comments

In-Kind Gifts

Posted by Alan on February 22, 2010

Below are  questions we have received regarding in-kind donations. The PPC Guide to Contributions has the best guidance out there on in-kind donations and I highly recommend it (along with the PPC’s guide to Expenses) as a worthy investment for your nonprofit’s financial well being. How do we record items for auctions? For question about [...]

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Category Categories: The Nonprofit Center  |  Tag Tags: , ,  |  Comments 52 comments