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IRS Form 990 - Top 10 Reporting Issues for Exempt Organizations

May 25, 2016
8:00 AM to 10:30 AM EST

The Hub Cira Centre
2929 Arch Street
Philadelphia, PA 19104
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Monica Hutchinson
(215) 940-7880
  • Summary
  • Agenda
  • CPE Information
  • Presenters
The IRS Form 990, Return of Organization Exempt From Income Tax, is long and complicated and, if completed correctly, can serve as an important development and public relations tool.  If you work for, advise, or serve on the Board of Directors of an exempt organization, you should understand significant Form 990 reporting requirements.
Topics to be discussed during this session include:
  • The public support test
  • Unrelated business income (UBI)
  • Board independence
  • In kind donations
  • Fundraising
  • Significant diversions of assets
  • Compensation
  • Investments
  • Restricted funds
  • Transactions with related parties and “interested persons” 
8:00 AM to 8:30 AM - Registration, Networking and Breakfast

8:30 AM to 10:30 AM - Session
Upon completion of this seminar, participants will be able to: 
  • The public support test – Understand what's required for this crucial calculation and the common problems encountered in meeting those requirements
  • Unrelated business income (UBI) – Identify and properly account for those revenue generating activities not in-line with your organization's exempt purpose
  • Board independence – Recognize the potential conflicts and understand how to disclose them
  • In kind donations  - Soar over these reporting challenges
  • Fundraising – Learn how to correctly document income from  "special events"
  • Significant diversions of assets – Understand the special rules that relate to embezzlement and other diversions
  • Compensation – Hear the new disclosure rules that relate to the reporting of current and deferred compensation earned from your organization and its affiliates
  • Investments – Recognize the unique  reporting issues of your diverse portfolio
  • Restricted funds – Analyze and understand what's captured in these donor-restricted balances
  • Transactions with related parties and "interested persons" – Identify who, what, and why the reporting of these activities is key
Delivery: Group Live
Prerequisites: None
Advanced Prep: None
Credits: 2 CPE credits in the field of Tax
Program Level: Basic
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Elizabeth Pilacik, Assurance Director, BDO USA, LLP

Laura Solomon, Esq., Founder, Laura Solomon & Associates