April 12, 2023


Webinar


2.5 Total CPE Credits

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Webinar (CPA Crossings): Public Charity Qualification Under the Public Support Tests

  • Instructor

    Eve Borenstein

Learning Objectives

After attending this presentation you will be able to…

  • Identify the specific revenue streams that inform the first public support test’s numerator and denominator as well as the limit on certain “non-public” donors’ dollars applicable to this test
  • Appreciate the relative ease of this PST #1’s percentage calculation, and the flexibility by which qualification applies either automatically or alternatively via facts and circumstances
  • Identify the additional revenue stream factored into the second public support test’s numerator and denominator; as well as the complex limitations that apply when calculating PST #2 numerator
  • Recognize that the second public support test should only be used for filers who cannot pass via the first test (for this purpose only, the objective is to understand how the second public support test’s limitations and disparate donor categories, as well as its added percentage test, effectively limit this test’s utility as well as add to its complexity)

Major Topics

The major topics that will be covered in this class include:

  • Intro to the two public support tests (PSTs), including the various common misconceptions about each test’s application
  • Review of each test, focusing first on the relative ease of PST #1 (that calculated on Schedule A, Part II) which employs a bifurcated test (i.e., an automatic %-age versus a ‘facts and circumstance’ %-age “in”); thereafter, emphasizing the demands and challenges of PST #2 (calculated on Schedule A, Part III) with its restrictive parameters and dual tests each of which must be passed to be “in”
  • Practical tips (and materials on same) translating revenue presentation from the Core Form 990 at Part VIII to the line inputs for both PSTs via Schedule A’s Parts II and III
  • Discussion of how to assist organizations who are in danger of flunking one or both PSTs
  • Analyzing anomalies: explanation of both what comprises an unusual grant and when a filer’s PST 1 “facts and circumstances test” argument ages out

CPE Credits Available

2.5
Total CPE
2.5
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Prior preparation experience or CPE training relating to the demands of either public support test

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Public accounting tax and audit staff, and nonprofit organization’s Treasurers, CFOs and finance/compliance advisors

Provider

CPA Crossings, LLC

Register For This Event

  • COCPA Member

    $ 89 89
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  • COCPA Non-Member

    $ 116 116
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