Unrelated Business Income (UBI) aka - When Nonprofit Income Becomes Taxable

Fran Leahy, CPA, is a tax services senior manager with KraftCPAs in Nashville, Tenn. She works exclusively with nonprofit clients to perform and oversee tax research, planning, consulting, and compliance services. Her duties also include building and maintaining client relationships and managing/reviewing the work of other team members relating to nonprofit tax issues and the Form 990.

As a licensed CPA in North Carolina and Tennessee, Fran works remotely and on-site with clients in both states.

Fran frequently presents on topics affecting nonprofit entities for clients and organizations including the TSCPA's Governmental and Not-for-Profit Conference, the Arts and Business Council, and the National Business Officers Association. She frequently attends continuing professional education courses made available through her membership in the AICPA's Not-for-Profit Section and The Rainmaker Group's Nonprofit CPAs association. Fran holds a bachelor's degree in accounting and finance from Wofford College and a master's degree in accounting from Appalachian State University. In addition to more than 20 years of public accounting experience, she has five years of internal audit and reimbursement experience with a national healthcare firm and more than three years as a college-level accounting instructor with Belmont University and Appalachian State.

Fran is actively involved in her community through multiple organizations, including as board treasurer for Hammer & Heart, a nonprofit group that repairs homes in the Swannanoa Valley of North Carolina, and through activities at Black Mountain Presbyterian Church. Fran enjoys the outdoors, including year-round hiking and backpacking.