How to Keep The Form 990 Consistent with Your Financial Statements

Oct282020
When: 
Wednesday, October 28, 2020
12:00pm - 1:00pm PDT
Add to Calendar

Do your audited financial statements and Form 990 tell a consistent story about your organization? Where might they differ and why? Join Moss Adams in partnership with Philanthropy California, and evolve, for this financial literacy program designed to compare some potential differences that may help you understand how to complete these two documents correctly. If you have a disability and require accommodation in order to fully participate in this activity, please contact our programs team at [email protected] or (213) 680-8866. You will be contacted by someone from our staff to discuss your specific needs.

Please note: the program is open to current SCG, NCG, and SDG members and eligible non-members, there is no cost to participate, and participants are eligible for 1 CPE Credit. 

This presentation will cover the following topics:

  • Expenses and shared costs
  • Treatment of income and change in net assets
  • Agency and fiscal sponsorship
  • Assets with variance power
  • In-kind contributions

After completing this training, participants will be able to:

  • Identify differences in accounting methods from audited financial statements to Form 990
  • Identify main components of each report
  • Describe impact on readers’ conclusions when reviewing audited financial statements versus Form 990

Speakers

Lauren Haverlock, Senior Manager, Moss Adams

Lauren has practiced public accounting since 2004. She provides compliance and consulting services for all types of exempt organizations, including public charities in the health care and higher education industries. Lauren works with organizations in all phases of their lifecycles, from formation to dissolution. She consults on a wide range of issues including public support planning, reasonable compensation best practices, tax impact of alternative investments, lobbying and political activities, unrelated business income tax planning, foreign activities, charity watchdog optimization, and tax exempt bond compliance.

 

 

Matt Parsons, Senior Manager, Moss Adams

Matt has practiced public accounting since 2005. He specializes in serving various sectors within the not-for-profit and government industries. His clients include hospitals, health clinics, health plans, higher education institutions, foundations, associations, and certain municipal entities such as transit authorities, cities, and utilities. Matt’s experience includes preparation of financial statements, internal control examinations, and conducting audits in accordance with Government Auditing Standards and Single Audits of federal awards. Matt also provides training on accounting and auditing topics for Moss Adams professionals as well as clients and industry organizations.

 

 

In partnership with: 

Find More By
Event type