Reporting Fundraising Results: Form 990 Part VIII (& Sch. M)
Date/Time
10/16/2023
1:00 AM - 3:30 AM Central
1:00 AM - 3:30 AM Central
Course Registration
Event Type(s)
Webinars
Event Description
Session 4 of Borenstein's Form 990 Foundational Series:
Most exempt organizations undertake fundraising sales and events, but GAAP reporting of the underlying transactions and results is at odds with the Form 990's demands! Preparers need know both how these activities are defined for Form 990 purposes, and the extent to which their underlying components need be isolated and disclosed to meet the form's financial reporting parts (including inputting results on both Schedules G and M). It is not uncommon for preparers to incorrectly report upon these revenue items, failing to detail their distinct revenue streams, direct expenses, and associated solicitation expenses. The practical experience of the author/instructor and her examples create a framework for preparers to see how the 990 requires appropriate disclosures in the context of silent auctions, annual dinner/dances, and sales campaigns.
Although this course is categorized as "Basic", the content is also suitable for those seeking intermediate-level training.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Most exempt organizations undertake fundraising sales and events, but GAAP reporting of the underlying transactions and results is at odds with the Form 990's demands! Preparers need know both how these activities are defined for Form 990 purposes, and the extent to which their underlying components need be isolated and disclosed to meet the form's financial reporting parts (including inputting results on both Schedules G and M). It is not uncommon for preparers to incorrectly report upon these revenue items, failing to detail their distinct revenue streams, direct expenses, and associated solicitation expenses. The practical experience of the author/instructor and her examples create a framework for preparers to see how the 990 requires appropriate disclosures in the context of silent auctions, annual dinner/dances, and sales campaigns.
Although this course is categorized as "Basic", the content is also suitable for those seeking intermediate-level training.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Location
Webinar
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