Do you dread meeting with your auditor or accounting professional? Sometimes it might feel like foundation staff and CPAs speak different languages. We’ve taken the language gap out of the equation in this webinar to bring you a simplified look at accounting. Join three accounting experts for a non-technical look at some of the most basic but important accounting concepts such as donor restrictions, agency funds, and split interest agreements. Leave with an understanding of these concepts and how they affect your community foundation.
This material is only available to members. Please contact a member of the GIFT staff to get Boot Camp or Community Foundation Basics materials.
https://www.michiganfoundations.org/sites/default/files/resources/FASBwebinar7-19.pdfThis webinar will walk you through the upload accounting guidelines issues by the Financial Accounting Standards Board that are set to go into effect after December 15, 2017. Learn the key elements and how these changes will affect your foundation’s reporting practices, as well as changes expected in the review of grantee statements.
The Pension Protection Act of 2006 (PPA) created many changes in the administration of donor advised and scholarship funds. It is essential that any community foundation involved in these activities have a thorough understanding of the Pension Protection Act and its implications for fund management. We’ve got you covered with a session that explains the ins and outs of what you need to know to stay compliant with the PPA.
Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting that govern the preparation of financial reports by nongovernmental entities. Those standards are officially recognized as authoritative by the Securities and Exchange Commission (SEC). There are many conflicts with the legal interpretation of community foundation funds and FASB reporting. This webinar is designed to assist executive directors, board members, finance staff and finance committee members in understanding the reporting requirements and their reporting options.
There are many laws that relate to community foundations. This webinar will explain important provisions of the Indiana Code and Internal Revenue Code that affect your daily work. We will discuss UMIFA/UPMIFA, Indiana Nonprofit corporation law, federal law governing community foundations, gifts from governmental agencies, and many more laws that relate to your work.
An Accounting Procedures Manual template created by Deborah Cooper and Meredeth Clark of the California and Steve Zimmerman, C.P.A.
Independent Sector's study reveals that the estimated value of a volunteer hour reached $20.85 in 2009, up 60 cents from 2008. According to the Financial Accounting Standards Board the value of volunteer services can also be used on financial statements - including statements used for internal and external purposes, grant proposals, and annual reports - if a volunteer is contributing a specialized skill to a nonprofit.
Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting that govern the preparation of financial reports by nongovernmental entities.
Finance and investment decisions are at the core of our grantmaking activity. Without the appropriate policies in place, grantmaking activity may not be consistent and budgets will be hard to propose.