Accounting and financial reporting by nonprofit entities differs from that for commercial entities. In this session, always a popular one at Camp Finance, you will learn, from a nationally known speaker, all about these differences, including accounting for contributions, donor restrictions, in-kind donations, endowment funds, functional expense reporting, and many other topics. This two-part session provides an excellent overview for those new to the nonprofit sector and executive and board members who need “the basics” or Campers who want a refresher.
Accounting and financial reporting by nonprofit entities differs from that for commercial entities. In this session, always a popular one at Camp Finance, you will learn, from a nationally known speaker, all about these differences, including accounting for contributions, donor restrictions, in-kind donations, endowment funds, functional expense reporting, and many other topics. This two-part session provides an excellent overview for those new to the nonprofit sector and executive and board members who need “the basics” or Campers who want a refresher.
This session will focus on ensuring the attendees have a basic understanding of endowments including legal and internal policy considerations, accounting for endowments and the overall impact of UPMIFA and NYPMIFA. We will also discuss board designated endowments and how these affect the new liquidity measure in not-for-profit financial statements.
Most every nonprofit is obligated to offer workers compensation coverage to their staff. Understanding when to buy coverage, how to buy it and how to maintain it can create confusion for even the savviest of nonprofit staff. This workshop will explain the basics of workers compensation pricing, benefits and policy maintenance. Attendees will come away with knowledge of employee benefits under workers compensation, the components of workers comp premiums and how the annual audit process works. In addition, topics such as the executive officer exemption, out of state employees and working with independent contractors will be discussed.
Nonprofit executives, board members and auditors should have an understanding of how a nonprofit entity obtains and maintains tax exemption. This session will discuss the basics of tax exemption for 501(c) organizations. Topics include obtaining tax-exempt status, acknowledgement of charitable contributions, public charity vs. private foundation status, unrelated business income, lobbying and political activities. This session provides an excellent overview of the topic for those new to the tax-exempt sector or Campers who want a refresher.
