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DTSTART;TZID=America/New_York:20220803T110000
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SUMMARY:ABC's of 501c3's Week 5: Endowments
DESCRIPTION:Wednesday\, August 3rd\, 11:00 AM – 12:00 PM\n\nRegistration Fees: FREE for WVNPA Members\, $10 for nonmembers (this is the first in a series of 5 sessions\, save $10 by registering for all 5 today!) \nREGISTER NOW\nClick here to learn about the entire series. \nOur endowments session of the ABC’s of 501c3’s was created to assist nonprofit leaders – both staff and board members – to understand the role that endowments can play in funding nonprofit organizations. This is a safe space to ask the hard questions about how and when to engage in endowment building\, how endowments are different from other sources of nonprofit revenues\, and how to account for and market for endowment funding. \nParticipants are encouraged to ask questions about all aspects of endowments. Nonprofit professionals experienced in endowment building will answer questions and suggest resources so you never feel alone. \nParticipants can ask questions anonymously by sending questions prior to the session to membership@dev.wvnpa.org\, or ask live during the session. The session will be recorded and made available to participants and WVNPA members as an ongoing resource. \nIn the ABC’s of 501c3’s\, no question is too big or too small and there are no dumb questions. You never know who else you may be helping by asking your question! \nWe can’t wait to see you there! \nMeet the speakers: \nMichael Whalton\, Executive Director with the Eastern West Virginia Community Foundation \nJulie Posey\, Development and Communications Officer with the Parkersburg Area Community Foundation \nClick here to read more about our speakers!
URL:https://wvnpa.org/event/abcs-of-501c3s-week-5/
LOCATION:Webinar\, WV\, United States
CATEGORIES:Ask the Expert,Webinar
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DTSTART;TZID=America/New_York:20220825T140000
DTEND;TZID=America/New_York:20220825T153000
DTSTAMP:20260425T021502
CREATED:20220729T150601Z
LAST-MODIFIED:20220729T150601Z
UID:10583-1661436000-1661441400@wvnpa.org
SUMMARY:New Accounting for Leases in 2022: The Change is Here!
DESCRIPTION:This session is being offered by QuickBooks Made Easy for Nonprofits  \nWHEN: Thursday\, August 25th\n2:00 p.m. – 3:30 p.m. EST  \nPrice: Members – $59\, Nonmembers – $99 (Log into the WVNPA member portal to find your WVNPA Members ONLY discount code!)\nCPAs earn 1.5 hours of CPE credit for the live workshop. (In order to be awarded the full credits\, you must respond to at least three polling questions per credit asked during the program.) \n*This training is for users of both the Desktop and Online versions of QuickBooks* \nPrerequisites: Attendees should have a background knowledge of basic accounting principles and at least one year of professional work experience in the accounting/bookkeeping field. \nWho Should Attend: This webinar is recommended for accountants\, bookkeepers\, and executive directors of nonprofit organizations both large and small. \nREGISTER NOW\nWHO: Is your nonprofit leasing space or equipment of some kind? If any lease you are under is for a term longer than 12 months\, then you are in for A HUGE CHANGE this year in how you account for these leases on your books! \nWHAT: The accounting gods issues an accounting standard that deals with leases (ASU 2016-2 & ASC 842 for the accounting geeks out there). \nThe bottom line is\, the entire amount of your lease now needs to be booked as a liability on your books with a corresponding “right of use” asset shown as well. \nMaking things more complicated\, this new liability will need to be recorded as a loan with an imputed interest rate used to record a portion of each monthly lease payment as interest expense. \nSeriously\, this represents the biggest change in years in accounting and will have dramatic effects to your financial statements! \nIf you are wondering: \n\nDoes this really affect my little old nonprofit? (Spoiler Alert – yes\, it does!)\nDoes this include things like cam charges\, maintenance\, taxes\, etc…?\nWhat happens if I end my lease early?\nWhere do I point the monthly rent checks to?\nWon’t this make my liabilities on my balance sheet look huge now?\nWill I still show rent expense on my Profit and Loss?\nWhat the heck is an imputed interest rate and what rate should I use?\nAnd finally…how do I do this in QuickBooks?\n\nWHY COME: Whether you are a nonprofit bookkeeper\, a CPA\, or simply doing the books for your nonprofit\, you are now required to implement this change in order to be in compliance with generally accepted accounting principles. If you don’t learn this from us\, learn it somewhere soon! \nDon’t miss this opportunity. You will be VERY glad you came! \nEmail:\nsupport@QuickBooksMadeEasy.com
URL:https://wvnpa.org/event/new-accounting-for-leases-in-2022-the-change-is-here/
LOCATION:Webinar\, WV\, United States
CATEGORIES:Webinar
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