Navigating Your Nonprofit Board

Jun 11, 2019 8:20am ‐ Jun 11, 2019 9:35am

Identification: NOT1925

Given increased accountability to constituents, donors and regulators for accuracy and integrity of business operations, heightened expectations of boards and audit committees for transparency and effectiveness, and greater media coverage of lapses in good governance, strong board performance is essential. When done right, governance activities of boards and committees can not only provide needed oversight, but can contribute in meaningful ways to organizational success – and mission achievement. In this presentation, we will address key governance principles for Boards and Audit Committees in the not-for-profit sector, focusing on responsibilities, current governance issues, and associated best practices. The presentation will be based on Grant Thornton’s “Not-for-Profit Board Guidebook,” and Not-for-Profit Audit Committee Guidebook, which cover governance responsibilities and the issues that trustees and management face as they govern.

  • Clarify the key roles and responsibilities of NFP boards and audit committees as an integral part of an organization’s governance structure
  • Define management’s role in governance
  • Address issues regarding accountability, integrity, fraud, fiscal stewardship and board/committee operating procedures
  • Identify effective governance practices needed for management and trustees to perform their responsibilities effectively

Sharpening Your Competitive Edge Through Total Rewards

Jun 11, 2019 8:20am ‐ Jun 11, 2019 9:35am

Identification: NOT1926

Today’s non-profit organizations operate in an intensely competitive talent marketplace, with the continual challenge of attracting, engaging, and rewarding the best talent. Some organizations have turned to a holistic ‘Total Rewards’ approach in constructing an Employee Value Proposition (EVP) – yet all struggle to manage expenses and achieve cost certainty. With both tangible and intangible rewards being important differentiators, a balanced program that resonates through a well-constructed EVP is an effective tool to help distinguish your organization.

  • Compare recent employee benefit trends and strategies for progressive benefits delivery and cost management
  • Determine the need for the Employee Value Proposition
  • Identify and analyze the Employee Value Proposition

Unplugged: Charitable Solicitation Q&A

Jun 11, 2019 8:20am ‐ Jun 11, 2019 9:35am

Identification: NOT19UP3

In this session a former charities regulator will answer your questions regarding charity registration compliance risks and legal traps in preparing and submitting financial reporting forms to state charity officials. (Available Onsite Only)

  • Understanding charity registration compliance issues
  • Understanding state charity enforcement concerns

Alternative Investments

Jun 11, 2019 10:10am ‐ Jun 11, 2019 11:25am

Identification: NOT1927

During this session, we will discuss the following:

  • An introduction to alternative investments
  • Comparison of hedge funds, private equity funds and mutual funds
  • Risks associated to hedge fund investing and its tax implications
  • Understanding the impact of recent and upcoming standard updates

Learning Objectives:

  • Distinguish between the different types of alternative investments
  • Identify the impact of upcoming accounting guidance on alternative investments
  • Identify potential tax issues that can arise when investing in alternatives

Not-for-Profit Industry Developments

Jun 11, 2019 10:10am ‐ Jun 11, 2019 11:25am

Identification: NOT1928

The speakers will discuss current industry, regulatory and economic developments affecting not for profit organizations that will be important for both auditors and preparers for the upcoming year. We will discuss the latest not for profit accounting and auditing trends and developments and those that are on the horizon.

  • Identify the industry, regulatory and economic developments impacting not-for-profit organizations
  • Determine audit issues impacting this year's engagements
  • Identify the latest not-for-profit accounting trends and developments
  • Identify the significant issues on the horizon impacting not-for-profit organizations

Auditing Procurement Under Uniform Guidance

Jun 11, 2019 10:10am ‐ Jun 11, 2019 11:25am

Identification: NOT1929

With auditees required to implement the Uniform Guidance Procurement standards this past year, it is now the auditor’s turn to begin considering the Uniform Guidance Procurement Standards in the Single Audit and how to approach testing. This session will provide practical audit guidance on testing approaches for procurement, including sampling methodology, testing of written procurement procedures, and various examples.

  • Identify key Uniform Guidance Procurement standards which are the focus of the Single Audit
  • Analyze approaches to determining when Procurement is direct and material to the major program and, if so, testing approaches
  • Distinguish how changes in the Uniform Guidance Procurement standards could impact our approach to sampling
  • Analyze real life examples of testing the Uniform Guidance Procurement standards

Wayfair Case & State Issues

Jun 11, 2019 10:10am ‐ Jun 11, 2019 11:25am

Identification: NOT1930

Most nonprofit organizations have responsibilities for state and local sales tax and other taxes, even if the federal income tax exemption removes state income tax liability. The U.S. Supreme Court's recent ruling in the WAYFAIR case adds to the importance of staying on top of this area, now. We will also discuss state Unclaimed Property remittance laws and other state filing requirements.

  • identify the multistate perspective of how state and local sales taxes apply to a nonprofit organization's purchases and sales
  • Assess how the U.S. Supreme Court's Wayfair ruling may create multistate sales tax filing requirements for nonprofit organizations
  • Apply state Unclaimed Property laws and other state filings

Trends in 'Form of Entity' Choices for Philanthropic Ventures

Jun 11, 2019 10:10am ‐ Jun 11, 2019 11:25am

Identification: NOT1931

Approaches to 'doing charity' over the last decade demonstrate a marked increase in the use of non-501(c)(3) modes. These include: (c)(4) social welfare organizations, for-profit subsidiaries, joint ventures, and for-profit 'hubs'. This session will present the advantages and disadvantages of these and other alternative modes and note how they are affected by federal and state law.

  • Understand why traditional philanthropic models have been seen as confining
  • Compare the alternative options' ability to: meet donor priorities; effectuate operational efficiencies, maximize mission; and facilitate flexibility

Disruption Doesn't Need to Be Disruptive

Jun 11, 2019 10:10am ‐ Jun 11, 2019 11:25am

Identification: NOT1932

Operational excellence can come about through integrated performance across funds management, cost and risk. It focuses on exceeding stakeholder expectations through the continuous improvement of the operational processes and the culture of the organization.

  • Select ways to effectively manage disruption and use it to your organization's advantage
  • Determine how to keep employees positive and empowered
  • Formulate strategies to embed operational excellence into your organization's culture
  • Identify technology and processes that support operational excellence

Unplugged: Revenue Recognition: Grants and Similar Contracts (ASU 2018-08)

Jun 11, 2019 10:10am ‐ Jun 11, 2019 11:25am

Identification: NOT19UP5

This unplugged session picks up where session 22 (Deep Dive on ASU 2018-08) leaves off. More case studies will be explored in applying the new accounting guidance. Bring your questions and examples to share with the group for this lively discussion. (Available Onsite Only)

  • Recall the new accounting guidance for grants and similar contracts
  • Apply the new guidance to different types of grants and contracts