Nonprofit Financial Statements and Tax Reporting

Agenda / Content Covered

1. 10:00 — 11:30, Tim Huebsch
   1. Accounting Statements and Reports: Non-Profit vs. For-Profit
      1. Statement of Financial Position (With and Without Donor Restrictions)
      2. Statement of Activities
      3. Statement of Functional Expenses, Recording Disbursements
      4. Statement of Cash Flows
      5. Recent Changes to Nonprofit Financial Reporting
      6. Filing Requirements
   2. Nonprofit Budgeting
2. 11:45 — 1:15, Alyssa Gross
   3. Tax Reporting: Obtaining Exemption, 990 Forms, Deadlines
      1. Form 1023
      2. Form 990, Including Required Schedules, 990N, 990EZ, 990T (UBTI), etc.
      3. Recording and Organizing Revenue (Cash, In-Kind Contributions, etc.)
      4. Federal and State Filing Requirements

Accreditation Details:

Alyssa Gross Esq. is an attorney at William C. Moran & Associates, P.C., in Williamsville, New York. Ms. Gross focuses her practice on representation of churches and nonprofits in matters of incorporation, application for tax exemption, employee issues, and real estate transactions. She has a B.A. degree in criminal justice from the University at Albany and her J.D. degree from the University at Buffalo Law School. Ms. Gross serves as chairman of the Board for The Teacher’s Desk, a regional New York nonprofit. She is admitted to practice in New York.

Tim Huebsch , CPA, MBA is manager at Chiampou Travis Besaw & Kershner LLP with a focus in the non-profit industry. CTBK provides businesses and individuals with assurance, accounting, tax, and business consulting services. Mr. Huebsch earned his undergraduate degree from Medaille College and his M.B.A. degree from Canisius College.