Recent legislative and regulatory changes make this year’s seminar especially relevant, so it’s time to get caught up on the new rules, including new rules on Form 990 and Act 174 relating to charitable trusts and nonprofit organizations. Experts will guide attendees you through the tricky maze of tax-exempt compliance and review the categories and governing instruments for tax-exempt organizations. They will also update attendees on new laws, which protect a nonprofit organization’s status, the audit accounting standard, use of tax-exempt entities, and strategies for maintaining tax-exempt status.
16th Annual Nonprofit Organizations Seminar
Friday, August 16, 2019
7 AM–4:30 PM
Clarence T.C. Ching Conference Center (Chaminade University of Honolulu)
7–8 AM: Check-In / Registration
8–8:15 AM: Welcome
8:15–9:15 AM: Federal Tax Update with Trever Asam
9:15–10:05 AM: Hawaii Legislative Update with Tom Yamachika
10:05–10:15 AM: Break
10:15–11:05 AM: Quantifying Success with Tom Kelly
11:05–11:55 AM: UBIT After Tax Reform
11:55 AM–1:20 PM: Lunch
12:30–1:20 PM: Lunch Speaker, Kim Morris of Girl Scouts Hawaii
1:20–1:30 PM: Break
1:30–2:20 PM: Breakout Session I
– Seminar #1A: Organization/Employee Dishonesty, Reputation Risk and Recovery with Linda Axtell-Thompson
– Seminar #1B: Organization identity theft and cybersecurity overview and response with Rylan Chong
2:20–2:30 PM: Break
2:30–3:20 PM: Breakout Session II
– Seminar #2A: Use of Crowdfunding by Nonprofits: Raising Supplemental Revenues to Support Existing Programs with Spencer Lau
– Seminar #2B: Gift Acceptance Policy with Michael Coopes (panel)
3:20–3:30 PM: Break
3:30–4:20 PM: Breakout Session III
– Seminar #3A: Not for Profit Accounting Basics with Aaron Williamson
– Seminar #3B: Nonprofit Fraud Prevention
4:20 PM: Adjournment
Seminar Presentation: IRS Federal Tax Update
The presentation will focus on recent developments for tax exempt and nonprofit organizations including legislation, court rulings, and administrative developments.
Trever K. Asam
Trever K. Asam advises nonprofit and tax-exempt organizations on issues including obtaining tax exemption, addressing unrelated business income, and using joint ventures and subsidiary organizations. He also represents taxpayers in tax controversies and disputes with IRS and the Hawaii State Department of Taxation including audits, appeals, and litigation. He is a regular speaker on Hawaii State taxation and the taxation of nonprofit organizations. Prior to joining Cades Schutte, Mr. Asam was in private practice at Miller & Chevalier in Washington, D.C. While at Duke University School of Law, Mr. Asam was the recipient of the Douglas A. Poe Mordecai Scholarship and an editor for the Journal of Law and Contemporary Problems. Before beginning his legal career, Mr. Asam was a teacher in the District of Columbia Public Schools.
Seminar Presentation: Organization/Employee Dishonesty, Reputation Risk and Recovery
Axtell Consulting LLC
Linda Axtell-Thompson, DBE, MBA, has 30+ years professional experience in nonprofit management, including 25+ years in healthcare. Her particular areas of interest include ethical issues of aging, dementia, and end-of-life care, as well as the intersect of professional ethics and personal values. She is an adjunct faculty in business administration and healthcare management at Chaminade University of Honolulu, in health care administration at University of Hawaii West Oahu, and in ethics in aging at University of Hawaii at Manoa. She is also Principal of Axtell Consulting LLC, which offers consulting and training services in ethics and strategy. She has a Doctor of Bioethics degree (organizational ethics emphasis) from Loyola University Chicago, MBA (nonprofit management emphasis) from Yale School of Management, and BA in Philosophy from University of Hawaii at Manoa.
Seminar Presentation: Organization identity theft and cybersecurity overview and response
Co-Director, Data Science Program
Chaminade University of Honolulu
Dr. Rylan Chong is the Co-Director of the Data Science Program in the Division of Natural Sciences and Mathematics at Chaminade University of Honolulu. He earned his bachelor’s degree in Computer Science and a Hogan Entrepreneur Certificate from Chaminade University of Honolulu. Dr. Chong has a master’s degree from Purdue University in Information Security. He specialized in biometric systems and human factors during his master’s degree. His thesis examined the motivations of the community pharmacies to use password, ID-card, and biometric authentication systems. Dr. Chong completed his Doctor of Philosophy degree in Information Security and a Graduate Certificate in Information Security Policy at Purdue University. His dissertation work investigated the relationships of social cognitive career theory factors and cybersecurity research self-efficacy of former and current college students. He was an Alfred Sloan Foundation indigenous graduate scholar and a fellow of the Bilsland Strategic Initiative Fellowship. The Bilsland Fellowship is for outstanding Ph.D. students that demonstrated superior academic abilities and scholarly achievements. Dr. Chong currently serves on committees in cybersecurity and data science. His research areas at Chaminade University of Honolulu are in data science, cybersecurity and human factors, and career development of cybersecurity and data science students.
Use of Crowdfunding by Nonprofits: Raising Supplemental Revenues to Support Existing Programs
Nonprofit organizations are entering the twenty-first century by engaging in all forms of fundraising, including crowdfunding. While large nonprofits are able to operate entire programs on fundraising, small and medium nonprofits may not have the reach to raise adequate funds to pay for staff, electricity, rent. But, there is always a laundry list of things that need to be fixed or replaced. Using real examples from Spencer’s experiences at the Honolulu Community Action Program, Inc., he will detail how crowdfunding is useful to fill in gaps to ensure the Agency has what it needs to operate efficiently, and the challenges that any agency can face when engaging in crowdfunding.
Spencer Lau, Jr.
Associate Professor, Accounting
Chamiande University of Honolulu
Spencer Lau, Jr. is the Interim Director of Finance of the Honolulu Community Action Program, Inc., a nonprofit human services organization providing opportunities and inspiration to enable low-income individuals and families located on Oahu achieve self-reliance. Spencer is a graduate of Chaminade University’s undergraduate class of 2012 with a Bachelor’s degree in International Studies, and a 2018 graduate of Chaminade’s MBA Program. His professional experience includes four years with the Hawaii State Legislature and three years at First Hawaiian Bank. Spencer has spent the last two 1/2 years at the Honolulu Community Action Program (HCAP), and since March 2019 is serving as the Agency’s Interim Director of Finance.
Not for Profit Accounting Basics
Associate Professor, Accounting
Chamiande University of Honolulu
Seminar Presentation: Application of New Tax Laws to Nonprofits and How to Respond
Tax Foundation of Hawaii
Tom Yamachika is the President of the Tax Foundation of Hawaii, a private, nonprofit educational organization dedicated to informing the taxpaying public about the finances of our state and local governments in Hawaii. This means the Foundation looks at how government raises the money it spends, be it taxes, user fees, or borrowing money through the use of debt. While most of the Foundation’s attention is focused on state government, it also keeps a watchful eye on county governments as they annually set real property tax rates in order to fund their respective budgets. Tom received his Juris Doctor degree from the University of California at Berkeley, where he was a Note and Comment Editor of the California Law Review. He received his bachelor’s degree in Engineering and Applied Science from Yale College, where he was elected to Tau Beta Pi and Phi Beta Kappa, and graduated magna cum laude. Tom is a tax attorney in solo practice since early 2013.
Presented by Richard Kido and Aaron Williamson
QuickBooks® is an accounting software program created by Intuit® for small businesses and self-employed professionals. It can be used for almost all financial business processes. You can use it for entering receipts, tracking expenses, invoicing, payment tracking, tax tracking, purchase orders, and even to prepare reports and statements regarding your finances. QuickBooks is your business’ solution when it comes to bookkeeping and accounting.
This course was created for anyone who wants to learn QuickBooks. Whether you signed up simply to learn QuickBooks or are a complete newbie to the software does not matter. We will teach you the software from beginning to end so that anyone, regardless of experience, learns all that they need to know to successfully use the program. We will be focusing on the newest version of Quickbooks – Quickbooks Online. For those of you already somewhat familiar with Quickbooks, we will discuss the advantages of migrating to the online platform. So although the seminar is intended for beginners to Quickbooks, those that are somewhat familiar with Quickbooks Desktop and want to learn the features of the online version are welcome too!
Please bring a laptop with Internet capabilities to the seminar (fully charged) and you do not need to already have Quickbooks Online downloaded to your computer.
Proceeds go towards Chaminade University student participation in the annual International Assembly for Collegiate Business Education (IACBE) international case study competition focused on Business Ethics.