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Basic Financial Oversight and Management for Nonprofit Organizations

April 29, 2016


When: Thursday, May 12, 2 p.m. to 5 p.m. Where: # 92 J.C. Penney Conference Center on the UM-St. Louis North Campus Fee: $ 25

Program Description: Every organization should have board or staff members that possess financial credentials and/or experience and are charged with the primary responsibility of reporting or managing the financial matters of the nonprofit.  However, board and staff members whose expertise is other than financial still need the ability to monitor and manage the financial condition of the organization.  This is an introductory, basic course covering important financial management and oversight principles and activities in every nonprofit organization.

Attendees will learn:

  • How to manage a range of budget and financial matters in relation to your fiscal year
  • Indicators of financial health as well as how to detect potential trouble spots
  • A basic understanding of nonprofit financial statements
  • Plain-language (non-accountant-speak) financial concepts, activities and

IRS EO Update

April 28, 2016


IRS EO Update

April 28, 2016

Authored by: Keith Kehrer

Register for IRS May 12 webinar: Reporting compensation on Form 990 or Form 990-EZ

Don’t miss this event!

May 12, 1-2 p.m., ET

Learn about:

  • How to report compensation
  • How to complete Form 990 and Form 990-EZ
  • What has to be reported
  • Other compensation
  • Exceptions
  • Highest compensated employees

Register for this webinar.

Read IRS TE/GE “Issue Snapshots”

The IRS Tax Exempt and Government Entities (TE/GE) Knowledge Management team periodically issues research summaries called “Issue Snapshots” on tax-related issues for practitioners. They are posted on IRS.gov’s electronic reading room page under “Training and Reference Materials.” Bookmark and check the page often for helpful new materials.

Recent articles include:

New ACA, et. al. FAQs Cover Items From “Top” to “Bottom”

April 26, 2016


On April 20, the “Big Three” agencies (DOL, Treasury/IRS, and HHS) released another set of FAQs (the 31st, for those of you counting at home). Consistent with earlier FAQs, the new FAQs cover a broad range of items under the Affordable Care Act, Mental Health Parity and Addiction Equity Act, and Women’s Health Cancer Rights Act. The authors are admittedly curious about how “Frequently” some of these questions are really asked, but we will deal with all of them in brief form below.

1. Bowel Preparation Medication – For those getting a colonoscopy, there is good news. (No, you still have to go.) But the ACA FAQs now say that medications prescribed by your doctor to get you ready for the procedure should be covered by your plan without cost sharing. Plans that were not already covering these at the first dollar will need to start.

2. Contraceptives – As a reminder, plans are

Treasury Releases Final Program-Related Investment Regulations – Installment # 1

April 25, 2016


Treasury has released Final Regulations under Section 4944 of the Code providing additional guidance regarding program related investments (“PRIs”). Technically, a PRI is an investment by a private foundation (1) the primary purpose of which is to accomplish an exempt purpose, (2) no significant purpose of the investment is the production of income or the appreciation of property; and (3) no purpose of the investment is to influence legislation or to participate in, or intervene in any political campaign on behalf of (or in opposition to) any candidate for public office.  Classification as a PRI is important because it means the investment will not be considered a jeopardizing investment and the investment is included as a qualifying distribution for purposes of the foundation’s annual minimum distribution obligation.

These Final Regulations provide several new examples of investments that will be classified as PRIs.  It is important to note, however, that these

How to Develop and Sustain an Effective, Engaged Nonprofit Board

April 22, 2016


When: Thursday, May 19, 1 p.m. to 5 p.m. Where: # 402 J.C. Penney Conference Center on the UM-St. Louis North Campus Fee: $ 50

Program Description: Do you want to strengthen your board’s effectiveness and the relationship between your board and staff executive? Do you want your board and members to be vitally engaged and forge the best possible working partnership with staff to more fully achieve the organization’s mission? This workshop is for current and aspiring nonprofit staff executives and board leaders, including incoming board members, who want to learn and apply promising practices based on the latest research for making their boards even more effective and their staff-board relationships more productive and satisfying. It will also provide an opportunity for workshop participants to share with their peers the greatest challenges and successful strategies for strengthening board effectiveness. The learning activities will mix plenary presentation and