Session 6 of Borenstein’s Form 990 Foundational Series:
The Form 990 Parts addressed in this session are two ‘legs’ of the 990’s non-financial disclosure-driven three-legged stool. Stakeholders, donors, competitors, and naysayers use both the Program Service Accomplishments Part’s disclosures and the filer’s responses to Part VI’s “Governance” inquiries to assess the organization’s credibility and have a sense of management’s capacity. Part III not only details Program Services’ output with great specificity, but also updates the Form’s readers both as to the filer’s largest arenas of activities and how conducted activities have changed. And Part VI, the infamous “Governance Part,” provides information as to the composition of those “legally in charge,” as well as how both the Board of Directors/Trustees and its delegated officials employ policies in favor of maintaining internal controls. Preparers need to appreciate the importance of these two key parts and ensure that filers put their “best foot forward” properly here.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
After attending this presentation you will be able to…
The major topics that will be covered in this class include:
Some familiarity with the nonprofit sector helpful, but not necessary.
Public accounting tax and audit staff, nonprofit organization’s Treasurers, CFOs, and other finance/compliance advisors