Finance, Tax & Legal

 
 

Sandra Fowler (Session D)

The Employee Retention Credit for Churches and Nonprofits

This session will include a look into the Employee Retention Credit and how it applies specifically to churches and other nonprofit organizations. By the end of this workshop, participants will know how to determine if their organization qualifies for the Employee Retention Credit, be able to calculate the credit for both 2020 and 2021, and complete Form 941‐X to claim the credit. We will also discuss IRS warnings about claiming this credit.

Mathew Paul (Session D)

3 Critical Steps to Leave a Legacy

With historic inflation and student loan crisis, the average family is living paycheck to paycheck and unable to contribute to God’s kingdom. By the end of this biblically based workshop, you will learn:

  1. How to become debt free and break paycheck to paycheck lifestyle.

  2. How to create Donor Advisor Funds to reduce taxes and give to ministries you care about.

  3. How to improve your Net Worth and Net Investable Assets to leave a legacy.

Frank & Elaine Sommerville (Session B, C)

Tax and Legal Update for Religious Organizations

Catch up on the latest rulings, cases, and law changes that affect the operations of religious organizations. Topics will range from unrelated business income to payroll/compensation changes to employment law updates.

Jonathan Tucker (Session C)

Fraud and the Nonprofit Organization

Fraud is a global problem. Church and nonprofit organizations are not immune to fraud, and the effects can be devastating to the ministry. This course will discuss the main types of fraud in nonprofit organizations with an emphasis on fraud prevention.

Jonathan Tucker (Session B)

Tax Exempt Status: How to Get It, How to Keep It

Operating as a 501c3 nonprofit organization is not a simple matter, and maintaining tax exempt status has special and complex requirements. This course will discuss how an organization obtains federal tax-exempt status as a 501c3 organization and the requirements to keep that status.

Ashley Voss & Cynthia Cox (Session A, B)

Contributions & Other Revenue: Accounting for Your Lifeblood

Contributions are not the only types of revenue that nonprofit organizations receive. Attendees will learn:

  • The various types of revenue that NFPs receive and the nuances of each;

  • Internal controls for processing contributions and other revenue;

  • Mission creep pros and cons;

  • Basic reporting requirements, internally and externally;

  • New and future revenue streams affecting NFP strategies.

Ashley Voss & Cynthia Cox (Session C, D)

Expenses & Other Disbursements: Accounting for Your Heart

Expenses vary widely across organizations, but there are few core principles and practices for stewarding your resources. Attendees will learn:

  • The various types of NFP expenses and the concepts of natural and functional classifications;

  • Internal controls for processing all kinds of disbursements;

  • Budgeting tools and analytics;

  • Basic reporting requirements, internally and externally;

  • New and future expenditures affecting NFP budgets.

Glenn Wood (Session D)

Evaluating Finances in the Post-Pandemic World

We can all agree that “things” changed as we emerged from the Pandemic. That includes how we look at finances, managing our finances, the needs of our organizations, and how we operate. Gone are the days of “just presenting the finances,” and we must change how we present the work of the church and how it impacts the community. We will discuss what, and how, to present financials, create financial reports, interact with donors, and manage our finances in an ever-changing world.