990 Master Class: Taking Real World Facts from Draft to Final – NEW!

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Sep 26, 2018

Registration: 7:30 AM / Program: 8:00 AM - 4:00 PM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Mastering a specific organization’s Form 990 completion requires application of the organization’s facts to the form’s personality. The most effective way to prepare a Form 990 properly is NOT to fret over the instructions, but to apply baseline 990 definitions and demands to a final product that the filer will be proud of! In this course, authored by 990-queen Eve Borenstein, you will use facts behind a sample $1,000,000 public charity to demonstrate, in four 100-minute modules, how to complete key 990 arenas.

Designed For

Private accounting tax staff, private accounting NPO auditors, and NPO Board members, Treasurers/CFOs, and finance staff

Objectives

Participants will learn to: 

  • Apply common managers' circumstances to Form 990 status categories (Part VII-A)
  • Understand factors that make interconnected organizations "related" (R-II thru IV)
  • Generate the inquiries necessary of Boards of Directors essential to Insider Transaction (Schedule L) disclosures 
  • Understand the inquiries and reasonable efforts necessary to fully report managers' compensation provided by the filer and other parties
  • Interpret GAAP revenue and expense categories in line with Form 990 priorities (VIII/IX/X)
  • Discover easy "program reporting" tips (III)
  • Illustrate "common cheats" for fundraising event reporting (Schedule G-II)
  • Generate the inquiries necessary of Boards of Directors essential to Governance (Part VI) disclosures
  • Avoid Schedule A "embarrassments" (both public charity income streams versus supporting organization Schedule A issues)
  • Learn what to watch out for with the less common Schedules’ scenarios (C-I, F, G-I, N)

Major Subjects

In this one-day seminar authored and instructed by exempt organizations tax advisor Eve Borenstein, you will use facts behind a sample $1,000,000 public charity to demonstrate, in four 100 minute modules, how to complete key 990 arenas:

  1. “Finding Those Who Need Be Found:” Related Organizations & TDOKEs . . . identifying both those to be reported upon Core Form Part VII-A, and the entities to be disclosed upon Schedule R, Parts II-IV
  2. Reporting Compensation (Part VII-A) & Addressing Schedule L’s Transactions with Insiders (Parts II-IV: Loans, Grants, and Business Transactions) . . . appropriate completion of Schedule L disclosures and understanding what is required to properly report managers’ compensation
  3. “Pedal to the Medal,” Powering Through Financial Disclosures . . . understand GAAP-tax differences and interpret the 990’s revenue and expense categories (Parts VIII/IX/X); and discover key tips for both program reporting (Part III) and fundraising event reporting (Schedule G-II)
  4. Remaining Key Questions: Schedule Triggers/Disclosures & Governance . . . how to’s here address: approaching Part VI and its connection to the Board of Directors; avoiding Schedule A pitfalls; and noting common “mistake” Schedules (C-I, F, G-I, and N)

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.