Not-for-Profit Newsletter February 2013

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 stockman kast & ryan co.

The SKR+Co Nonprofit Newsletter

February 2013

Follow these dos and don'ts to maintain your 501(c)(3) status

Having status as a tax-exempt "public charity" gives a not-for-profit significant benefits. But keeping this 501(c)(3) status isn't automatic. This article offers some important dos and don'ts to follow in order to retain the privilege: tips involving reporting obligations, tax withholding, unrelated business income, political lobbying and other issues.

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Getting a handle on the flow of cash

Effective cash flow management involves more than taking annual budget figures and dividing by 12 to come up with a static, monthly amount – after all, costs can vary significantly from month to month for a variety of reasons. This article explains how to prepare a cash flow report and how a CPA can help ensure that it's used to a nonprofit's best advantage. A sidebar discusses how to make decisions based on the report.

For Full Article Click Here.


In this issue, "Newsbits" takes a quick look at how to reach younger donors through smartphones; shows why charities that have recently adopted a more conservative approach to valuing corporate product donations can, with Charity Navigator's help, make past financial data be more comparative; and cites a survey indicating that 66% of U.S. nonprofits need pro bono services more than any other volunteer work.

For Full Article Click Here.

Meet Our Nonprofit Specialists







Steve Hochstetter, CPA, CVA, Audit Partner







Jeff Talus, CPA, Tax Partner

Doreen Merz, CPA, Tax Manager

Updated 2012 Form 990 & Instructions

2012 IRS Form 990 and its instructions have recently been updated. These and other tax forms can be found on our website, on our Tax Forms tab

For more information about any of the articles here or our nonprofit services, please contact us at (719) 630-1186 or through our Secure Email:


SKR+CO Expert
Steve Hochstetter, CPA/ABV®, CFF™, CVA, Audit Partner
Steve has been in public accounting since 1983, with significant experience serving nonprofit organizations, healthcare organizations, governmental entities, and small to mid-size businesses.