A Guide To Form 990 For Tax-Exempt Organizations

What is Form 990? Although many nonprofit organizations are exempt from paying federal taxes, the IRS requires tax-exempt organizations to file Form 990 for informational purposes. The IRS uses this informational return to determine whether you're still exempt from...

5 Critical Tax Tips For Nonprofits in 2019

No one enjoys filing taxes, but it can be especially problematic for nonprofits. Many nonprofits focus on their cause so much that they neglect proper organization. As a result, they deal with disorganized records and systems, and a lack of clarity around tax issues....


For a business owner, taxes can be overwhelming and cumbersome. Tax deductions allow you to save thousands of dollars each year on your taxes and make tax filing a much more bearable experience. In this post, we'll list some of the tax deductions you can use to...

The Smart Business Owner’s List Of Tax Credits

One of the best ways to cut costs as a business owner is to take advantage of all the tax deductions and tax credits for which you're eligible. As a business owner, you're concerned with the bottom line--increasing your net profits. That probably means you spend most...

PRESS RELEASE: Cassidy Jakovickas, CPA of Fresno, CA Appointed to Intuit’s Accountant Council

Select Panel Advises on Products and Services that Accountants and Their Clients Want Most             FRESNO, CALIFORNIA – June 4, 2019 –Today, Intuit, Inc (Nasdaq: INTU) announced that Cassidy...

Beyond The Numbers: What We’ve Been Reading

Although our team loves using numbers and spreadsheets to help our clients make the best financial decisions, we also enjoy reading great books. Staying well read on both fiction and non-fiction books helps us hone our imagination and introduces us to new, sometimes...

Looking Back At April

It’s hard to believe that we’re at the end of April, but it’s true! This month, we helped our clients wrap up another great (and busy) tax season. There was, as always, a lot of paperwork, emails, and nail-biting involved in the days preceding April 15, but that’s all...

5 Last-Minute Tips For Filing Taxes in 2019

Well, April 15 is almost here, and the tax-related panic is thick. If you haven’t filed your 2018 tax paperwork and are rushing to get your taxes in by the deadline, we’ve decided to give you some last-minute tax advice that will hopefully help ease your stress....

An Introduction To Cybersecurity for Business Owners

Keeping your sensitive business and customer data secure has never been more critical. Whether you are a small business or a national corporation, you can't relax your defenses against those criminals seeking to take advantage of lazy cybersecurity policies. Virtually...

March News Roundup

Wow! It seems like we just started March and we’re already moving into April! As we move into the final stretch of tax season, we’re recapping this month’s news for you, just in case you missed it amid the tax-related hubbub. MBS Accountancy: November Review This...

Hourly Value Of Volunteers Grows 41 Cents To $22.55

Reading Time: 2 minutes
By Patrick Sullivan – April 3, 2014

Hourly Value Of Volunteers Grows 41 Cents To $22.55 1

Nonprofits that used volunteer services last year got a little more bang for their buck. The value of a volunteer hour stood at $22.55 during 2013, according to a report from Independent Sector in Washington, D.C. That’s 41 cents, or 1.9 percent more than 2012.

The revised figure comes just ahead of National Volunteer Week, running this year from April 6 through April 13. “The 40th anniversary of National Volunteer Week is a great time to recognize the extraordinary value that volunteers add to nonprofits and the lives of the people and causes they serve,” said Diana Aviv, president and CEO of Independent Sector, via a statement. “Forty years ago, we could never have imagined the tools that now exist that give volunteers immense choices and opportunities to contribute to the causes closest to their hearts.”

While $22.55 is the highest value on record since 1980, when the value of a volunteer hour was $7.46, the 41-cent increase is the third-lowest in a decade. The greatest increases were from 2006 to 2007 and 2007 to 2008, both 74 cents. The lowest increase was between 2011 to 2012, when the value increased by 35 cents, and 2003 to 2004, a 36-cent increase.

A volunteer hour is worth the most by far in Washington, D.C., at $38.69 and Massachusetts at $27 than Arkansas, the lowest value at $18.93. Six other states came in less than $20: South Dakota ($19.04), Nevada ($19.05), Mississippi ($19.35), Montana ($19.64), New Mexico ($19.77) and Idaho ($19.92).

The report comes on the heels of survey results released by the federal Bureau of Labor and Statistics (BLS) that show traditional volunteering is at a 10-year low. The rate of volunteering declined 1.1 percent to 25.4 percent of the population, or about 62.6 million people, between September 2012 and September 2013. Volunteers were most likely to serve religious organizations (33 percent), education or youth services organizations (25.6 percent) and social and community service organizations (14.7 percent).

According to the Independent Sector report, the value of volunteer services can be used on financial statements such as grant proposals and annual reports if the volunteer is providing a specialized skill under Financial Accounting Standards Board (FASB) rules. FASB’s rule of thumb is the volunteer services can be used if the nonprofit would have purchased the services the volunteer provided.

“It is important to remember that when a doctor, lawyer, craftsman or anyone with a specialized skill volunteers, the value of his or her work is based on his or her volunteer work, not his or her earning power,” according to the report’s authors. “If a doctor is painting a fence or a lawyer is sorting groceries, her or she is not performing his or her specialized skill for the nonprofit, and their volunteer hour value would not be higher.”

Independent Sector establishes the value based on hourly earnings estimates of non-management, non-farm workers from the BLS, plus 12 percent for fringe benefits. “It is very difficult to put a value on volunteer time,” according to the report’s authors. “Volunteers provide many intangibles that cannot be easily quantified.”