Archive for December, 2009:

Uniform Prudent Management of Institutional Funds Act

What does UPMIFA mean for your non-profit organization?  Are you confused by UPMIFA and how the new Accounting Standard on disclosures of endowments relate to each other? 
UPMIFA was originally enacted by The National Conference of Commissioners on Uniform State Laws (NCCUSL).  This organization provides states with non-partisan legislation to promote uniformity in certain laws among [...]

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Pay it Forward

Yesterday, I had lunch with one of my clients who told me a story about how a stranger in the grocery store did something nice for her just after a smile between them and a little bit of small talk.  The stranger did this in the spirit of the season and when my client tried [...]

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The Updated 990 - The Seminar Topic that won’t go Away (Thankfully!)

If you are like me, you receive an announcement of an upcoming conference or seminar and immediately look at the topics to decide if it is even worth your time opening your calendar. Over the past year I have seen so many come through with the major focus being: The New 990.
Yep. There it is [...]

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Donor Summary Section of the Form 990

The donor summary section is an interesting section of the Form 990 as it is generally withheld from any copy of the return that is made available for public inspection. You should be aware that you are not required to (nor should you) furnish Schedule B with such copies, as it contains confidential information about [...]

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samk