galas & tournaments & festivals, oh my! part ii: road races, golf … · 2019-09-09 ·...
TRANSCRIPT
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Galas & Tournaments
& Festivals, Oh My!
Part II:
Road Races, Golf Tournaments
& Other Sporting Activities
Melinda Simon, Associate General Counsel, Emory University
August 21, 2019
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Mission of
Pro Bono Partnership of Atlanta:
To provide free legal assistance to community-
based nonprofits that serve low-income or
disadvantaged individuals. We match eligible
organizations with volunteer lawyers from the
leading corporations and law firms in Atlanta
who can assist nonprofits with their business law
matters.
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Pro Bono Partnership of Atlanta
Eligibility & Other Information
➢ In order to be a client of Pro Bono Partnership of Atlanta, an organization must:
✓ Be a 501(c)(3) nonprofit.
✓ Be located in or serve the greater Atlanta area.
✓ Serve low-income or disadvantaged individuals.
✓ Be unable to afford legal services.
➢ Visit us on the web at www.pbpatl.org
➢ We host free monthly webinars on legal topics for nonprofits
✓ To view upcoming webinars or workshops, visit the Workshops Page on our website
✓ Join our mailing list by emailing [email protected]
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Legal Information:
✓ This webinar presents general guidelines for Georgia nonprofit organizations
and should not be construed as legal advice. Always consult an attorney to
address your particular situation.
✓ © 2019 All rights reserved. No further use, copying, dissemination,
distribution or publication is permitted without express written permission of Pro
Bono Partnership of Atlanta.
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Agenda
➢Charitable Donations and
Acknowledgments
➢Tax
➢Raffles & Door Prizes
➢Fundraising Events
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Charitable Donation &
Acknowledgment
A donation or gift to, or for the use of, a
qualified organization. It is voluntary and is
made without getting, or expecting to get,
anything of equal value.
For donations of $250 or more, donor must have a
written contemporaneous receipt from the charity
acknowledging the contribution.6
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Tax
➢Unrelated Business Taxable Income
➢Georgia Sales Tax
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Unrelated Business Taxable Income
Income derived from trade or business
activities not substantially related to the tax-
exempt organization’s purposes is taxable
as if earned by a comparable for-profit
enterprise.
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Unrelated Business Taxable Income
➢ The Test:
✓Trade or business
✓Regularly carried on; and
✓Not substantially related to mission
➢ Some Exceptions
✓Volunteers
✓Donated Property
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Unrelated Business Taxable Income
Qualified Sponsorship
➢ Corporate Sponsorship
✓Acknowledgement of Sponsor - name & logo but no statement endorsing products
✓No other “substantial return benefit” - all goods and services received from the charity by the sponsor must NOT exceed 2% of sponsorship payment for year
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Georgia Sales Tax
➢ Sales tax varies by state
➢ Georgia – Most nonprofits are not exempt from collecting &
remitting sales tax
➢ If the item is taxable and the purchaser is not exempt, you
must collect and remit sales tax.
➢ Games or amusement activities are subject to sales tax.
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Raffles and Door Prizes
➢ Gambling requires 3 elements:
✓ Consideration
✓ Chance
✓ Prize
➢ Raffles and Door Prizes
✓ Licenses
✓ No Charitable Deduction
✓ But what about tax?
▪ UBTI
▪ Sales Tax
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Road Races & Walks
➢Permits
➢Volunteers
➢Entrance Fees
➢Sponsorships
➢Releases
➢Security and
Contingency Plan
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Road Races & Walks
Permits & Volunteers
➢Permits – Helpful to work with a professional
race coordinator who handles police, permitting,
and certifies the routes
➢Volunteers – You cannot have too many!
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Road Races & Walks
Entrance Fees and Sponsorships
➢Entrance Fees
✓No charitable deduction for entrance fees
✓But what about tax?
▪ UBTI
▪ Sales Tax
➢Sponsorship Payments
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Road Races & Walks
Releases and Contingency Plan
➢Every participant, and parents and guardians if
applicable, should sign a complete release and
waiver.
➢Keep in mind that releases are not the same as
insurance. Please make sure you are
adequately insured for the fundraising event.
➢Make sure you have an emergency plan and
coordinate in advance with police and EMS.16
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Golf Tournaments
➢ Entry Fees
➢ Mulligan Package
➢ Sponsorships
➢ Releases
➢ Contingency Plan
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Golf Tournaments
Entrance Fees & Mulligan Packages
➢Entrance Fees
✓No charitable deduction for entrance fees
✓But what about tax?
▪ UBTI
▪ Sales Tax
➢Sponsorship Payments
➢How do I handle other payments like Mulligan
Packages? 18
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Golf Tournaments
Releases & Contingency Plans
➢Every participant, and parents and guardians if
applicable, should sign a complete release and
waiver.
➢Keep in mind that releases are not the same as
insurance.
➢Make sure you have an emergency plan and
take into consideration alcohol consumption.19
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Other Events – Sporting Clay Shoot,
Bike Race, Softball Tournament
➢Additional Considerations
✓Releases – What other factors do you want to include
in your release?
✓Contingency Plans
✓ Insurance
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Questions
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For More Information:
If you would like more information about the services of Pro Bono Partnership of Atlanta, contact us at:
Phone: (404) 618-0900
www.pbpatl.org