Understanding the Form 990 and its Preparation Prerequisites (Webinar)  (UPP2-WEB)

2.00 CPE Credit Hours

Dive into the mechanics and significance of Form 990. With more than 80% of its inputs and definitions falling outside statutes and regulations, Form 990 can overwhelm even seasoned preparers. Understand key definitions and core mechanics, giving you a clear roadmap for tackling preparation tasks with confidence.

Packed with practical tips and insights on data gathering, this session is the essential starting point for beginner and intermediate preparers. Gain a solid understanding of Form 990's underlying structure and its often-complex disclosure requirements -- helping you navigate the process with ease.

Public accounting tax and audit staff; nonprofit treasurers, accountants, CFOs and other compliance advisers

• Understand the public relations and regulatory impact of the Core Form and key schedules
• Identify triggers for each of the 15 substantive-topic schedules
• Recognize the impact of board members' independence in Schedule L reporting
• Identify key data sources for accurate 990 disclosures
• Recognize the value of public relations sensitive disclosures and board presentation
• Determine factors that make a third-party organization a related organization
• Explore the key definitions comprising Part VII-A's managers
• Understand critical definitions for Core Form Part VI and Schedule L, including family member, business relationship, independence, and 35% controlled entity
• Outline the 990 preparation process and key data contributors
• Recognize the need to engage a filer's board of directors in understanding the Form 990's public and regulatory implications
  
  

• Overview of Form 990's structure and purpose
• Goals behind the core forms and schedules
• Triggers for Form 990 schedules
• Reporting requirements in Part VII-A, including trustees, directors, officers, key employees and the five highest-paid employees, with some categories based on their compensation levels
• Key definitions and glossary terms, including family member, business relationship, independence
• Governance and board member considerations
• Data collection and reporting
• Public relations and stakeholder communication
  
  

Familiarity with the nonprofit sector helpful, but not necessary

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