Archive for December, 2009:
filed in Gifts on Dec.29, 2009
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UPMIFA was originally enacted by The National Conference of Commissioners on Uniform State Laws (NCCUSL).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 [...]
Tags: accounting policy, accounting standar on disclosures of endowments, Accounting Standard, asset account, charities, disclose, disclosures, donor, endowments, gift, investment of endowment funds, investment policies, National Conference of Commissioners on Uniform State Laws, NCCUSL, net asset, Net Assets, non-profit organization, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, preservation and duration of the fund, prudent management, prudent spending, Uniform Prudent Management of Institutional Funds Act, UPMIFA
filed in Economy on Dec.22, 2009
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 [...]
Tags: Arizona community, Charitable Activities, Charitable Organizations, government funding, non-profit organization, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, Pay it forward, Volunteer Services, Volunteers
filed in Form 990 on Dec.15, 2009
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 [...]
Tags: Accountants, AICPA, Form 990, IRS, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, schedules, Statement of Functional Expenses, The New 990, W-2
filed in Form 990 on Dec.08, 2009
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 [...]
Tags: accountant, corporation donation deduction, disqualified persons, donor summary, Form 990, Guidestar, individual donation deduction, IRS, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, preparation of the 990, Schedule B