MNCPA Understanding the Form 990 and its Preparation Prerequisites (Webinar)
6/22/20261:00 PM - 3:15 PM CST
Event Description
Understanding the Form 990 and Its Preparation Prerequisites (Webinar)
Navigate the complex world of Form 990 and discover how its structure, definitions and disclosures shape public perception and regulatory oversight. Gain a clear understanding of the form's core components, the triggers for its schedules and the key terms every preparer must know. Learn how to identify data sources within an organization, manage sensitive disclosures and guide board members in understanding what the completed form communicates. Gain the clarity and confidence needed to complete Form 990 accurately and effectively.
Major subjects
*Overview of the Form 990's structure, purpose and schedule design.
*Key factors that establish a related organization.
*Definitions affecting Part VII‑A including trustees, directors, officers, key employees and high‑compensation individuals.
*Core terms such as family relationships, business relationships, independence and 35% controlled entities which are central to both Core Form Part VI and Schedule L.
*Sequencing of preparation tasks and identifying internal data providers.
*Best practices for engaging the board in understanding the completed Form 990.
Learning objective(s)
*Appreciate the public relations and regulatory impact of the Core Form and frequently used schedules.
*Identify the circumstances triggering each of the 15 substantive schedules.
*Master six essential glossary terms every Form 990 preparer must know.
*Understand how board member independence affects Schedule L reporting.
*Recognize who within an organization holds the information needed for accurate Form 990 preparation.
Who should take this program?
Public accounting tax and audit staff, nonprofit organization treasurers, accountants, CFOs and other compliance advisors.
Prerequisites: Familiarity with the nonprofit sector helpful, but not necessary.
Advance prep: None
Field(s) of study: Taxes - Technical (2.5)
Level: Overview
Format: Group Internet Based
Instructor:
Eve R. Borenstein, JD, is of counsel at Harmon, Curran, Spielberg & Eisenberg, LLP, a Washington, DC, firm specializing in not-for-profit organizations, although she is now retired from law practice aside from closing a few client projects. Previously, she operated her own firm -- a national tax and compliance practice serving not-for-profit organizations -- for 30 years. Eve is an active volunteer, speaker, advisor and teacher who’s nationally recognized for her Form 990 expertise and preparation courses. Eve’s "claim to fame" was being surprisingly introduced as the "Queen of the 990" when giving invited testimony on the form’s efficacy to Congress in July 2012.
Fees:
$135 Member / $175 Nonmember
Navigate the complex world of Form 990 and discover how its structure, definitions and disclosures shape public perception and regulatory oversight. Gain a clear understanding of the form's core components, the triggers for its schedules and the key terms every preparer must know. Learn how to identify data sources within an organization, manage sensitive disclosures and guide board members in understanding what the completed form communicates. Gain the clarity and confidence needed to complete Form 990 accurately and effectively.
Major subjects
*Overview of the Form 990's structure, purpose and schedule design.
*Key factors that establish a related organization.
*Definitions affecting Part VII‑A including trustees, directors, officers, key employees and high‑compensation individuals.
*Core terms such as family relationships, business relationships, independence and 35% controlled entities which are central to both Core Form Part VI and Schedule L.
*Sequencing of preparation tasks and identifying internal data providers.
*Best practices for engaging the board in understanding the completed Form 990.
Learning objective(s)
*Appreciate the public relations and regulatory impact of the Core Form and frequently used schedules.
*Identify the circumstances triggering each of the 15 substantive schedules.
*Master six essential glossary terms every Form 990 preparer must know.
*Understand how board member independence affects Schedule L reporting.
*Recognize who within an organization holds the information needed for accurate Form 990 preparation.
Who should take this program?
Public accounting tax and audit staff, nonprofit organization treasurers, accountants, CFOs and other compliance advisors.
Prerequisites: Familiarity with the nonprofit sector helpful, but not necessary.
Advance prep: None
Field(s) of study: Taxes - Technical (2.5)
Level: Overview
Format: Group Internet Based
Instructor:
Eve R. Borenstein, JD, is of counsel at Harmon, Curran, Spielberg & Eisenberg, LLP, a Washington, DC, firm specializing in not-for-profit organizations, although she is now retired from law practice aside from closing a few client projects. Previously, she operated her own firm -- a national tax and compliance practice serving not-for-profit organizations -- for 30 years. Eve is an active volunteer, speaker, advisor and teacher who’s nationally recognized for her Form 990 expertise and preparation courses. Eve’s "claim to fame" was being surprisingly introduced as the "Queen of the 990" when giving invited testimony on the form’s efficacy to Congress in July 2012.
Fees:
$135 Member / $175 Nonmember
