Blue & Co. and Ashley|Rountree and Associates hosted a webinar on Thursday, June 10 from 12:00 p.m. to 1:00 p.m. EST entitled Not-for-Profit Revenue Sources – Earned Revenue. This is the second webinar in a two-part series.
During the second part of the series, we will discuss unique opportunities where not-for-profit organizations can generate earned income, along with what items to consider. The first part of this series focused on assets provided to the organization through contributions. You can view resources from the first part of the series here.
The panelists will discuss:
- Differences between contributions and earned revenue
- Unique opportunities where not-for-profit organizations can provide earned income for themselves
- Items to consider as a not-for-profit organization when receiving earned income
- What it means to be “profitable” as a not-for-profit organization
- Important tax considerations such as UBIT
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- Jeff Ashley, Founder & President
Ashley|Rountree and Associates
Jeff Ashley has more than 30 years of non-profit leadership, management and fund development experience. He has assisted numerous organizations in raising over $1 billion throughout his career. Previously he served as Vice President for University Advancement for Spalding University in Louisville, Kentucky. During his tenure, Spalding completed its first comprehensive capital campaign, raising $15.3 million on a $10 million goal. Prior to that, Ashley served as Director of Major Gifts for the University of Louisville’s “Challenge for Excellence” Campaign, playing a leadership role in directing the silent and public phases of the campaign that raised over $340 million on a $200 million goal. He was also Executive Director / Director of Advancement for the Trinity High School Foundation. - Bridgette Mugge, EA, Tax Manager
Blue & Co., LLC
Bridgette has more than 13 years of experience and has been with Blue & Co. for more than five years. She earned her bachelor’s degrees in accounting and finance from the University of Illinois. Bridgette is an associate member of the American Institute of Certified Public Accountants and has received their Not-for-Profit Level II certification. She is also a member of the TEGE Exempt Organizations Council and Executive Women in Finance, serving on the Communications Committee. Bridgette specializes in providing tax services to not-for-profit organizations. She is a member of Blue’s firm wide Not-for-Profit Services Group and is active in developing content for the group. She takes a hands-on role in the preparation of the tax returns for her clients and ensures that their questions throughout the year get addressed in a timely fashion. - R. Allen Norvell, CPA, Director
Blue & Co., LLC
In 2010, Allen became a Director in Blue’s Lexington, KY office. His main areas of expertise are traditional audit, accounting and reporting services, management consulting, litigation support, and arbitrage calculations for tax-exempt bond issues. Allen graduated from Western Kentucky University in 1982 with a Bachelor of Science degree in Accounting and a Masters in Business Administration from the University of Louisville in 1991. Allen has more than thirty years of public accounting experience and received his CPA certificate from Kentucky in 1985. He is a member of various professional organizations including the Kentucky Society of CPAs, the American Institute of CPAs, the Government Finance Officers Association, and the Association of Government Accountants. He currently serves on the board of directors of Bluegrass Tomorrow and as Treasurer for the Lexington Forum.
Ashley|Rountree and Associates
Jeff Ashley has more than 30 years of non-profit leadership, management and fund development experience. He has assisted numerous organizations in raising over $1 billion throughout his career. Previously he served as Vice President for University Advancement for Spalding University in Louisville, Kentucky. During his tenure, Spalding completed its first comprehensive capital campaign, raising $15.3 million on a $10 million goal. Prior to that, Ashley served as Director of Major Gifts for the University of Louisville’s “Challenge for Excellence” Campaign, playing a leadership role in directing the silent and public phases of the campaign that raised over $340 million on a $200 million goal. He was also Executive Director / Director of Advancement for the Trinity High School Foundation.
Blue & Co., LLC
Bridgette has more than 13 years of experience and has been with Blue & Co. for more than five years. She earned her bachelor’s degrees in accounting and finance from the University of Illinois. Bridgette is an associate member of the American Institute of Certified Public Accountants and has received their Not-for-Profit Level II certification. She is also a member of the TEGE Exempt Organizations Council and Executive Women in Finance, serving on the Communications Committee. Bridgette specializes in providing tax services to not-for-profit organizations. She is a member of Blue’s firm wide Not-for-Profit Services Group and is active in developing content for the group. She takes a hands-on role in the preparation of the tax returns for her clients and ensures that their questions throughout the year get addressed in a timely fashion.
Blue & Co., LLC
In 2010, Allen became a Director in Blue’s Lexington, KY office. His main areas of expertise are traditional audit, accounting and reporting services, management consulting, litigation support, and arbitrage calculations for tax-exempt bond issues. Allen graduated from Western Kentucky University in 1982 with a Bachelor of Science degree in Accounting and a Masters in Business Administration from the University of Louisville in 1991. Allen has more than thirty years of public accounting experience and received his CPA certificate from Kentucky in 1985. He is a member of various professional organizations including the Kentucky Society of CPAs, the American Institute of CPAs, the Government Finance Officers Association, and the Association of Government Accountants. He currently serves on the board of directors of Bluegrass Tomorrow and as Treasurer for the Lexington Forum.
