Financial and Reporting Issues for Nonprofit Organizations 2010

Overview

November 23, 2010, 2:00 PM - 5:00 PM

Recently admitted NY attorneys: This program is accredited for transitional CLE credit

Why You Should Attend

In the current economy, nonprofit organizations are facing unprecedented challenges. In this environment, attorneys who either represent or work for nonprofit organizations, as well as attorneys who serve on nonprofit boards, must be aware of the unique financial and regulatory issues facing the nonprofit sector today.

Taught by an experienced panel of attorneys and accountants, Financial and Reporting Issues for Nonprofit Organizations 2010: What Attorneys Need to Know will provide an overview of, and update on, the accounting issues lawyers must understand, governmental and financial reporting concerns, internal control basics, and new areas of IRS activity.

What You Will Learn

• IRS revised Form 990: what attorneys need to know 
• Liability of directors and officers for failure to report
• Internal controls for nonprofit organizations: what they are,  why they matter; legal best practices
• Fraud and other issues in the new financial environment
• The View from the IRS:  new initiatives and areas of focus

Who Should Attend

This program is essential for attorneys representing nonprofit organizations, executive directors of nonprofit organizations and in-house legal staff, and attorneys who serve on nonprofit Boards of Directors.

Special Features

Live Webcast - Simultaneous live webcast of the New York session is available for individual viewing. Webcast participants will receive streaming audio and/or video of the program, view and print the Course Handbook, and have the ability to submit questions electronically.

For more information click on the Live Webcast link in the Related Items box.

Special Bonus to all Registrants

All attendees receive a complimentary copy of PLI's comprehensive Course Handbook. This softcover, bound volume was written to augment this program and to stand alone as a permanent reference. PLI's Course Handbooks represent the definitive thinking of the nation's finest legal minds, and are often the standard reference in the field.

Please Note: Webcast attendees will receive a downloadable version of the Handbook one business day prior to the program.

PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Schedule

November 23, 2010, 2:00 PM - 5:00 PM

2:00  Introduction

Julie L. Floch, Seth I. Perlman

2:05  What Attorneys Must Know about the FORM 990

An expert panel will discuss particular areas of concern for the 2010 filing year, including:

• Current governance issues
• Compensation concerns, including ramifications around excess benefit transactions
• Related party transactions
• Loans with insiders

 Julie L. Floch, Seth I. Perlman

2:55  Fraud and Internal Controls

In today’s environment, with shrinking dollars and donors, and heightened scrutiny from regulators and the public, it is more important than ever to understand the importance of internal controls, as well as their limitations.

• How fraud happens - recognizing the warning signs
• What organizations, including small nonprofits, can do to strengthen internal controls
• How financial reporting can be streamlined to better address both of the above concerns

 M. Jacob Renick

3:45  Break

4:00  The View from the IRS - New Initiatives
 
This has been a busy year for the IRS.  Not only has there been an increased focus on the new filing requirements, but there is new interest in various types of activities conducted by exempt organizations. Topics will include:

• Foreign activities
• Governance procedures
• Unrelated business income activities
• Fundraising efforts
• Non-cash donations

Lois G. Lerner

5:00  Adjourn

Faculty

Co-Chair(s)

Speaker(s)

Program Attorney(s)

CLE Credit

Travel Information

New York City Seminar Location

PLI New York Center, 810 Seventh Avenue at 53rd Street (21st floor), New York, New York 10019. Message Center, program days only: (212) 824-5733.

New York City Hotel Accommodations

Due to high demand and limited inventory in NYC, we recommend reserving hotel rooms as early as possible.

The New York Hilton & Towers, 1335 Avenue of the Americas, New York, NY 10019. 1 block from PLI Center. Reservations 1-800-HILTONS or, 1-877-NYC-HILT. Please mention that you are booking a room under the Practising Law Institute Corporate rate and the Client File # is N495741. Reservations on line at www.hilton.com and enter the same Client File # in the Corporate ID # field to access Practising Law Institute rates.

The Warwick New York Hotel, 65 West 54th Street New York, NY 10019. 1 block from PLI Center. Reservations 800-223-4099 or, hotel direct 212-247-2700. Please mention that you are booking a room under the Practising Law Institute Corporate rate. Reservations on line at www.warwickhotelny.com Click reservations in menu bar on left. Select desired dates. In 'Special Rates' drop down window select Corporate Rate. In 'Rate Code' enter PLIN. Click search and select desired room type and rate plan. Or, you may email reservation requests to: res.ny@warwickhotels.com