This rule provides for more accurate accounting of property owned by your nonprofit. The IRS also has special rules regarding quid pro quo donations. A quid pro quo donation is a charitable contribution in which the donor receives some good, typically of lesser value, in exchange for the contribution.
Property Assessed Clean Energy (PACE) financing is a financing option available to Los Angeles County property owners fund energy efficient, water-saving and renewable energy upgrade projects through an assessment on their property tax bills.
(PACE dates updated 27 July 2017 - PACE dates for Fall 2017 are located in the column to the right.) PACE is the Principles of Accounting Competency Examination which all students enrolling in Intermediate Accounting I (ACC 325) must pass with a score of 75 percent or greater. PACE is designed to allow students to understand their level of preparedness for upper-level accounting work.