Highlights

ú Primacy of the Form 990 as a "one size fits all" reporting mechanism ú Form 990 preparation sequencing and data gathering; and keys to getting Form 990 preparation right the first time ú Addressing presence of "related organizations" ú Identification of managers and measurements of their compensation ú 990 versus books-and-records financial statement detail ú Disclosures of governance inputs and Boards' employ of policies

Objectives

Recognize and apply the following unique-to-Form 990 definitions: who is a "manager" required to be disclosed upon Part VII-A of the Core Form, required elements of manager's compensation to be disclosed and when third party entities are "related organizations." - Recognize the detail sought by the IRS in reporting on both program service accomplishments and changes in operations in Part III of the Core Form. - Analyze the unique terminology employed in the Core Form's key "Governance" Part (VI). - Identify 990 definitions and tax conventions employed in reporting on all aspects of financial statements (Parts VIII, IX and X). - Recognize the importance of making accurate and expansive disclosures via Schedule O relating to six priority governance inquiries made in Part VI. - Identify the premises by which Schedule L is triggered.

Location