Events Search
  Summary & Check Out (0)
Wednesday, December 2, 2020 Webcast

Reporting Program Service & Governance: 990 Parts III & VI (X2-15204)

9:30 AM - 11:30 AM EST

Webcast


Webcast , NJ

2.0 CPE Credits in TX

OVERVIEW

The Form 990's non-financial disclosures are a three-legged stool that includes the two Parts covered in this session. Stakeholders, donors, and competitors use both Program Service Accomplishments disclosures and answers to the "Governance" inquiries to assess the organization's credibility and management strength.

DESIGNED FOR

Public accounting tax and audit staff, and nonprofit organization's Treasurers, CFOs and finance/compliance staff

BENEFITS

After attending this presentation you will be able to...

  • Recognize the quantitative detail sought by the IRS in reporting on each of the organization’s largest three programs’ service accomplishment, including the expenditures detail required to be entered by 501(c)(3) and 501(c)(4) filers in the headers to each of Part III's Lines 4a-4d
  • Identify required Part III reporting when there has been: significant changes to programs, the addition of new programs, or the cessation of prior-conducted programs
  • Embrace the key six governance inquiries in Part VI of the Core Form that have the most important ramifications from a public relations perspective
  • Appreciate the narrative disclosures required on Schedule O for all key Part VI disclosures (and understand where the face of the Form cannot be relied upon
  • Learn the objective criteria by which a board of directors has sufficiently been provided Form 990 pre-filing sufficient to garner a “Yes” answer to the inquiry at Part VI’s Line 11a
  • Identify the multiple disclosures required when a management company is employed at any time in the tax year being reported upon, and contrast these with Part VII-A

HIGHLIGHTS

The major topics that will be covered in this course include:

  • Part III's mandated disclosures with respect to the "largest three" programs conducted in the filing period
  • Handling public relations needs when the size measures for "largest three" result in omission of a 'top 3' program   
  • Function of Part III as an ongoing updating of the filer's listing of all activities being performed as of the tax year being reported upon                
  • Properly reporting upon new or changed programmatic efforts and appropriate reporting on program cessation        
  • Function (and methodology) of Part VI, with emphasis on its six most important inquiries    
  • Role of Schedule O in providing mandated narration of governance practices inquired of in Part VI
  • Common 'foot-faults' in answering Part VI's key questions

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Eve Rose Borenstein

Eve Rose Borenstein, J.D.

Eve Borenstein is a partner in Borenstein and McVeigh Law Office (BAM!) (www.bamlawoffice.com), a Minneapolis law firm and the base from which she conducts an extensive national federal tax practice serving tax exempt organizations. In her law practice (as well as through her teaching and speaking, addressed below) Eve works to assist nonprofit organizations with exemption qualification, corporate planning and overall compliance. By early 2015, she had represented more than 1,000 exempt organizations before the IRS.

Eve provided testimony to the U.S. House of Representative’s Ways and Means Oversight Sub‐Committee in July 2012 at their 2nd Hearing on Tax‐Exempt Organizations, commenting on the reach and efficacy of the Redesigned Form 990. She volunteers extensively with multiple professional committees, including the American Bar Association’s Tax Section Committee on Exempt Organizations and the American Institute of Certified Public Accountants’ Exempt Organization Technical Resource Panel. Eve was a key participant from the private sector in the IRS’ Redesign of the Form 990, and continues to provide extensive feedback to the IRS on both that Form and the Form 1023.

A dedicated teacher and speaker on non‐profit compliance mandates, Eve’s CPE teaching is conducted through a separate consultancy, Eve Rose Borenstein, LLC (www.taxexemptlaw.org). As of 2013, she is the co‐author (with CPA Jane Searing) of the AICPA’s Form 990 Course, Form 990: A Comprehensive Approach to Complete and Accurate Preparation. She enjoys instructing nonprofits directly as well as the professionals who serve the sector and is committed to “helping the sector do it right the first time!”

Eve’s professional path to the present began with exempt organizations tax work in the Minneapolis tax offices of Ernst &Whinney in 1985. From 1989 through 2003 she had a solo practice serving nonprofits nationally; a merger in 2004 with non‐profit attorney Ellen W. McVeigh created the BAM Law firm, which exclusively provides tax and corporate counsel (including employment law) to the nonprofit sector.

Eve welcomes your inquiries:
eve@BAMlawoffice.com / eve@taxexemptlaw.org
both e‐mails are interchangeable!
612.822.2677

PRICING

$69.00 - Member

$79.00 - Nonmember

$0.00 - Student Member

$0.00 - CPA Candidate Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

CPA Crossings