Understanding the "Most Common" Form 990 Schedules: A, B & O (Webinar)  (UMC2-WEB)

2.50 CPE Credit Hours

Master the preparation of Form 990 schedules with practical guidance and actionable insights you can apply immediately. Focus on the three most critical schedules: Schedule A, required for all 501(c)(3) organizations; Schedule B, applicable to many (c)(3)s and certain non-(c)(3)s and Schedule O, where some of the form's most complex disclosures reside. Develop a clear understanding of Schedule A, including its two public support tests, and clarify common misconceptions around donor reporting in Schedule B. Gain insight into Schedule O's most sensitive disclosure requirements, ensuring you can handle its underlying obligations. Leave with the insight needed to prepare these schedules accurately and communicate their implications confidently.

Public accounting tax and audit staff; nonprofit organization treasurers, accountants, CFOs and other finance and compliance advisers

• Understand how Schedule A, Part I reports an organization's basis for classification each tax year
• Identify revenue inputs, calculate public support percentages and understand donor diversity and contribution limits
• Learn the reporting conventions for disclosing donor contributions and identities
• Examine the six key inquiries in Part VI and their related disclosure narratives
• Understand criteria for answering "Yes" to Part VI, Line 11a regarding board review
• Identify disclosures required when an organization employs a management company and how these differ from Part VII-A reporting
  
  

• Benefits of public charity classification
• Public support tests and common pitfalls
• Preparation of Schedule B and related worksheets, including donor disclosure
• Governance and public relations considerations
• Board review and compliance expectations
• Management company disclosure requirements
  
  

Some familiarity with the nonprofit sector

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