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Competing for Talent as a Not-for-Profit Organization
Posted by Angie Salmon on Thu, Feb 26, 2015 @ 02:00 PM

NFP_competing_for_talentRetaining and recruiting the right people is an ongoing struggle for any entity, and not-for-profit organizations may find competing for talent especially difficult. Your corporate counterparts can mobilize a dedicated recruitment staff to fill positions and often offer employees higher compensation and expanded career opportunities.

Not-for-profit organizations can use a number of strategies to level the playing field in the war for talent, however. From using social media tools and proactive tactics for recruiting to creating an environment that fosters employee engagement, not-for-profits can amp up their employee retention and recruitment strategies – often at a low cost.

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Topics: non-for-profit, competing for talent

Does the Housing Provided to Your University’s President Pose a Tax Risk?
Posted by Richard Scoresby on Thu, Feb 26, 2015 @ 12:00 PM

tax_riskPresidents of educational systems often accept free or reduced-rate housing when they accept their position. Located on or near campus, the residences serve as a fringe benefit to the leadership role. In most cases, the value of the home is not included as part of the employee’s compensation package.

Section 119 of the Internal Revenue Code (IRC) allows university- or college-provided housing to be an income-tax-free fringe benefit for employees if the arrangement passes a three-part test. Recent movement by the IRS, however, suggests the three-part test may be more difficult to meet than you may think.

The IRS recently conducted an audit of Ohio University and found that the housing provided to its president did not qualify for tax-exemption. The IRS said the value of Roderick McDavis’s 7,000 square foot home, located on Ohio University’s campus, should be included as part of his eligible compensation and subject to income and payroll taxes. It is still unknown which part of the three-part test the university failed.

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Topics: Richard Scoresby, university, tax risk

Implementing the Uniform Grant Reform Guidance
Posted by Michelle Spriggs on Tue, Feb 24, 2015 @ 12:18 PM

If you receive Federal grants, now is the time to evaluate how you manage them. December 26, 2014 was the start date of comprehensive grant reform as a result of 2 CFR 200: Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Grant Guidance), which affects all nonfederal agencies that receive grants. Often called the “super circular,” it replaces rules in Office of Management and Budget (OMB) Circulars A-21, A-50, A-87, A-89, A-102, A-110, A-122 and A-133.

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Topics: Michelle Spriggs, uniform reform guidance

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