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Year-End Reporting Requirements for Nonprofits - Webinar (ONLINE EVENT: April 30, 2024)

  • Webinar

  • 65 Minutes
  • 30 April 2024 13:00 EST
  • Lorman Business Center, Inc.
  • ID: 5944358

Learn the necessary steps to prepare for year-end reporting and ensure your organization is compliant with regulatory requirements.

Many nonprofit professionals in executive, fiscal, and development positions dread the end of their fiscal year. They are ill-prepared for audits, required regulatory filings, and preparing for the next fiscal year. Nonprofits are not exempt from the year-end requirements, both fiscal and calendar. If they are not prepared for their responsibilities at fiscal and calendar year-end, they could jeopardize their nonprofit status and the future sustainability of their organization. This presentation will provide the necessary steps to prepare for year-end reporting and ensure your organization is compliant with regulatory requirements, provide shareholders with meaningful financial information, and help with future fiscal year planning.

Learning Objectives

  • You will be able to define the difference between fiscal year end reporting and calendar year end reporting.
  • You will be able to identify the necessary reporting requirements at the end of your fiscal year.
  • You will be able to discuss the importance of proper fiscal management for your nonprofit organization and how it provides proper tools for transparency, accountability, and stewardship of funds.
  • You will be able to explain how to be better prepared for the next fiscal year fiscal and development management.

Agenda

Financial Reporting Requirements for Nonprofits
  • Financial Management During the Year
  • Preparing for Fiscal Year End
  • Financial Statements Required at Year End
Calendar Year End Reporting
  • Year End Reporting for Payroll
  • Year End Reporting for Independent Contractors
  • Year End Reporting for Donors
Fiscal Year End Reporting
  • Audits - Compilations - Review
  • IRS 990 and State Filings
  • Grant Reporting
Fund Raising Year End Preparation
  • Send Letters Soliciting Donations From Donors
  • Evaluate Yearly Donations and Compare to Goals
  • Send out Year-End Donor Statements
Preparing for Next Year
  • Review Internal Controls and Procedures
  • Prepare Budgets
  • Evaluate Systems

Speakers

  • Joseph Scarano
  • Joseph Scarano,
    Araize


    • CEO of Araize, Inc., a software company whose sole focus is to provide cost-effective, comprehensive software management solutions to nonprofit organizations
    • Has 10 years of experience as a CPA in a public accounting firm specializing in auditing and consulting nonprofits
    • With 36 years of experience providing software solutions to nonprofits, Joe is dedicated to helping nonprofits be more accountable and more sustainable so they can better fulfill their mission
    • Has presented at the North Carolina Association of CPAs’ annual conference on various topics related to nonprofit software, accounting, and systems
    • B.S. degree in accounting, Fairfield University

Who Should Attend

This live webinar is designed for accountants, CPAs, executive directors, officers, board members, controllers, CFOs, and tax managers.