Upcoming Events: 2022 Fall offerings coming soon!

 
Lifeboat Accounting's Nonprofit Organization Seminar
Thursday, September 9th, 2021

Online via Zoom

Schedule:

10:00 to 11:00 am: Compliance check: must have policies and best practices for NFPs

We'll start the day by taking an inventory of your organization's policies and best practices and leave time for questions and requests for the day.

11:15 to 12:00 pm: Charitable solicitations, donor acknowledgements, and other development function pitfalls

Learn about the requirements about various types charitable solicitations, acknowledgements, in-kind gifts, and additional requirements for NFPS around fundraising events.

12:00-1:00 pm: Lunch Break

1:00 to 2:00 pm: Finance Committee and Board of Director best practices

Board and committee management can become a full-time job for NFP staff. We'll share some best practices and suggestions for managing new member onboarding, training, communicating responsibilities, and a checklist of items to go through with your Finance Committees and Boards.

2:00 to 2:30 Introduction to UBIT (unrelated business income tax)

As NFPs look to diversify revenue post covid, some organizations may venture into taxable activities. Learn when certain activities may become taxable income.

2:30 to 3:00 pm: Roundtable & Participants Q&A


In-person workshops & trainings:

Amity is available for in-person trainings and education on all things accounting. Examples include setting up your accounting system to work for you and your staff, board and staff trainings for NFP's on accounting and compliance, mastermind, brainstorming, and strategic sessions, etc.

Entrepreneurship/Small Business:

Bookkeeping and record keeping 101 (1-2 hours): Join us for a brief overview on what are the general best practices and IRS regulations on document retention and bookkeeping.

Selections a bookkeeping software (1 hour): Choosing a bookkeeping software and method for your business can be overwhelming. Together we’ll walk through the options and pros and cons of different programs and methods.

Business Entity Types (1 hour): Learn the various business entity structures and the pros and cons to each type.

Elements of a business plan (1 hour): Many statistics shows that businesses that start with a working business plan are more likely to succeed. This class will walk you through the basic elements of a business plan so you can start to plan and gather information for your venture.

Crowdfunding and friend raising for your ideas (1 hour): There are many options for small business funding outside of traditional bank loans and debt. This class will walk you through various ideas and options to fund your business idea.

Creating a marketing plan (1 hour): Knowing your audience and their purchasing habits is important for your business success. This class will introduce you to the elements of a marketing plan, figuring out your target market, and where to spend your energy in marketing.

So, you want to be an entrepreneur? (1 hour): This is a unique class guided by a CPA and a serial entrepreneur who will ask questions in order to help guide you through your decision as to whether entrepreneurship is right for you.

Entrepreneurship 101 Course (8 hours): Think of this course as a mastermind group-meets having your own CPA at a fraction of the cost, with the bonus of meeting peers to cheer you on! Participants will also receive handouts, templates, and more. The course meets for an hour each for 6 classes.

  • Class 1: Launching your idea, brainstorming your “why”, and figuring out what you need to be happy
  • Class 2: Creating a business plan and budget
  • Class 3: Picking an entity type, getting your EIN, and understanding state and federal registrations
  • Class 4: Branding, marketing, & launching
  • Class 5: Picking a bookkeeping program and understanding financial statements
  • Class 6: Learn about taxes, federal and state requirements, and hiring contractors and employees

Bookkeeping 101 Course (8 hours): Learn the best practices for maintaining your books and records for your business

This course is great primer for those who are responsible for the books and records for a business. This course is one-hour meetings over 8 weeks

  • Learn to read and interpret basic financial statements
  • Understand IRS Record keeping requirements
  • Learn the pros and cons of various bookkeeping software programs
  • Know when a person is an employee or independent contractor and how to complete 1099s
  • Learn the accounting and bookkeeping cycle and how to record transactions (we will use QuickBooks Online for the examples)

 

Non-Profit Organizations

Compliance check: must have policies and best practices for NFPs (1.5 hours): Have you ever taken an inventory of your organization's policies and best practices? Do you need resources for new policies and procedures? This class will walk you through the most common items all organizations should review on a regular basis.

Charitable solicitations, donor acknowledgements, and other development function pitfalls (1 hour): Learn about the requirements about various types charitable solicitations, acknowledgements, in-kind gifts, and additional requirements for NFPS around fundraising events.

Finance Committee and Board of Director best practices (1 hour): Board and committee management can become a full-time job for NFP staff. We'll share some best practices and suggestions for managing new member onboarding, training, communicating responsibilities, and a checklist of items to go through with your Finance Committees and Boards.

How to read IRS Form 990 (1 hour): IRS form 990 is more than a tax return; it is a self-compliance checklist, a public document, and a donor tool. Learn to read and review important sections so that your organization is putting its best public foot forward.

Introduction to UBIT (unrelated business income tax) (1 hour): As NFPs look to diversify revenue post covid, some organizations may venture into taxable activities. Learn when certain activities may become taxable income.

Accounting for Nonprofits Course (8 hours): Nonprofit accounting and financial statements are totally different and sometimes more difficult than for-profits. This course is great primer for those who are responsible for the books and records of a non-profit organization or board members and management who want to learn more. This course is one-hour meetings over 8 weeks

Items covered include:

  • How to read financial statements
  • How to use the basic functions of QuickBooks Online
  • How go record donations and requirements on gift acknowledgements
  • When and how to record gifts and grants with designations
  • What type of policies a NFP should have in place