Clifton Gunderson: GuideStar, Clifton Gunderson present free webcast on not-for-profit challenges

Media Contact:

Sada Kempf, Senior PR Associate

(920) 232-2230

[email protected]

MILWAUKEE, Wis. (November 16, 2011) – The “new normal” for not-for-profits includes a host of challenges from declining revenues and government funding, to increasing IRS scrutiny and regulations. To address these challenges, GuideStar and Clifton Gunderson LLP will present a free webcast titled “What’s Ahead and What to do About it,” on December 8, 2011. The webcast is recommended for not-for-profit CEOs, chief financial officers, controllers and financial professionals.

The 60-minute webcast by Bob Ottenhoff, President and CEO of GuideStar, and Robert Nowak, CPA, Firmwide Tax-Exempt Tax Leader for Clifton Gunderson LLP, will help participants better understand the scope of the challenges ahead so they can plan strategies to thrive in the new environment.

During the webcast, the presenters will highlight:
* Current Internal Revenue Service areas of interest, including interaction of related organizations, taxable subsidiaries and transfer pricing
* Compliance and tax issues involving alternative investments
* Unrelated business income taxation regarding advertising, sponsorships and events
* Fund-raising reporting rules.

The complimentary webcast will be held Thursday, December 8, 2011, from 1:00-2:00 p.m. CDT (12:00-1:00 p.m. MST and 2:00-3:00 p.m. EST). Registration is required at For questions about the webcast, please contact Nicole Meeks at (715) 344-4984 or [email protected]. 1.0 CPE credit is available. Visit the website for more details.

Participants in the webcast will learn about:
* Trends including declining support and increasing demand for services
* New funding sources and revenue streams
* Donor relationships and stewardship
* Best practices of high performance not-for-profits
* Areas of increasing IRS scrutiny
* Risks of alternative investments
* Recent rulings on unrelated business income taxes.

About our presenters:

Bob Ottenhoff

Ottenhoff, President and CEO of GuideStar, has 25 years of management experience in public broadcasting and high-tech companies, including nine years as chief operating officer of the Public Broadcasting Service. He currently serves on the boards of several major foundations and not-for-profits.

Robert Nowak, CPA

Nowak, MST, Firmwide Tax-Exempt Tax Leader for Clifton Gunderson, focuses on transactional analysis, due diligence, mergers and acquisitions, unrelated business income, lobbying exposure analysis, foreign activities, taxable subsidiaries, alternative investments and IRS dispute resolutions.

About Clifton Gunderson

Clifton Gunderson, ranked as one of the nation’s largest certified public accounting and consulting firms and the largest U.S. member firm of HLB International, provides a wide range of assurance, tax and consulting services to clients in a variety of industries. Founded in 1960, Clifton Gunderson has a staff of more than 1,800 professionals serving clients from 47 offices across the country. Clifton Gunderson, and the separate and independent member firms of HLB International, provides personal and high quality service to clients in over 100 countries through the HLB International “Global Care” approach. For more information about Clifton Gunderson, visit

About GuideStar

GuideStar,, is the leading source of nonprofit information, connecting people and organizations with information on the programs and finances of more than 1.8 million IRS-recognized nonprofits. GuideStar serves a wide audience inside and outside the nonprofit sector, including individual donors, nonprofit leaders, grantmakers, government officials, academic researchers, and the media.