Learn how to define the roles and responsibilities and have a better understanding of not-for-profit financials.
Do you currently serve on a not-for-profit organization board or plan on serving in the future? Have you wondered as a board member of your responsibilities related to the financial statements and tax returns? How can I better review and what key performance indicators (KPI) should I monitor? This presentation will help current board members, future board members, and management define the roles and responsibilities and have a better understanding of not-for-profit financials. We will examine KPIs that can be used to help your organization communicate programmatic and financial results to stakeholders.
Learning Objectives
- You will be able to define roles of management vs. the board.
- You will be able to describe nott for profit financials.
- You will be able to discuss responsibilities of board members.
- You will be able to explain key not-for-profit KPIs.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
| Introduction | |
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| Board of Directors Responsibilities | |
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| Not for Profit Financials | |
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| Not for Profit KPIs | |
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| 990 | |
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| Questions | |
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
Live Webinar Registration
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 VCLE credit hours.
- MN CLE 1.0 (Pending)
- This program has been submitted to the Minnesota Board of Continuing Legal Education. Approval pending.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 60 Minutes.
- NJ CLE 1.3
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
- PA CLE 1.0
- This program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hours of CLE credit.
- WI CLE 1.0
- This program has been approved by the Board of Bar Examiners for 1.0 hours for use toward the Wisconsin Mandatory CLE requirement.
- WV MCLE 1.3
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
CPE 1.2 including Management Services 1.2
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
OnDemand Course
This course was last revised on December 16, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Who should attend?
This live webinar is designed for accountants, CPAs, executive directors, controllers, tax managers, CFOs, CEOs, presidents and vice presidents, business owners and managers, board members, treasurers, and attorneys.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Mona M. Birchfield, CPA
CliftonLarsonAllen LLP
- Principal in the Nonprofit Outsourcing Practice of CliftonLarsonAllen LLP
- Has comprehensive knowledge of all areas of not-for-profit accounting, including audit, regulation, accounting services, and consulting
- A wealth of experience in developing accounting policies and procedures manuals and finance and accounting systems
- Specializes in Intacct and Bill.com, and is certified in both; holds a Not-for-Profit I and II certificate from the American Institute of CPAs, for which she has been a member since 2010
- Technical experience includes cloud-based financial management systems and nonprofit entities
- American Institute of Certified Public Accountants; board of directors, Northern Virginia Chamber of Commerce, July 2020
- M.S. degree in interdisciplinary studies, University of Maryland, Adelphi, MD; B.S. degree in accounting, with a minor in business administration, University of Maryland, Adelphi, MD
- Can be contacted at 571-227-9546 and [email protected]
Adeel Javed, CPA
CliftonLarsonAllen LLP
- Consulting CFO in the Nonprofit Client Accounting and Advisory Services (CAAS) Practice of CliftonLarsonAllen LLP
- Extensive experience with not-for-profit organizations including review of accounting standards, audit preparation, board reporting, and consulting
- Led accounting system implementations, streamlining chart of accounts, and program report buildout
- American Institute of Certified Public Accountants member
- B.S. degree in accounting and finance, George Mason University, Fairfax, VA
- Can be contacted at 571-244-5626 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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