Restricted Assets: Managing Donor Restrictions, Financial Reporting, and Liquidity Disclosures
Recording of a 110-minute CPE webinar with Q&A
This course will provide guidance to not-for-profit organizations (NFPs) and advisers to NFPs that have assets with donor and grant imposed restrictions and board designations. The panel will discuss financial statement reporting under ASU 2016-14, liquidity disclosures, and considerations regarding gift acceptance.
- Types of asset restrictions
- Best practices for handling designated contributions
- Best practices when soliciting designated fundraising contributions
- How to properly free-up long-held designated contributions
- Financial reporting
- Liquidity disclosures
The panel will review these and other essential issues:
- How are restricted assets reported in the financial statements under ASU 2016-14?
- When should a nonprofit consider declining a donor's contribution with strings attached?
- How should NFPs structure fundraising campaigns to ensure that the fundraising campaign's funds are all spendable and to meet the needs of the organization?
- What is an underwater endowment fund?
- How is a NFP's liquidity reported under the new disclosure?
Mary Kay Lofgren, CPA
Ms. Lofgren is a Partner in RubinBrown’s Assurance Services Group. She also serves as a Vice Chair of the... | Read More
Ms. Lofgren is a Partner in RubinBrown’s Assurance Services Group. She also serves as a Vice Chair of the Not-For-Profit Services Group. She primarily serves clients in the nonprofit and public sector industries. Ms. Lofgren has more than 20 years of experience working on assurance engagements in these industries, as well as Uniform Guidance (A-133) single audits. She also chairs the Not-For-Profit Services Group Private Schools segment.Close
Chris Tkach, CPA, CGMA
Mr. Tkach is a Partner in the Assurance Services Group at RubinBrown and leads the assurance data analytics initiative.... | Read More
Mr. Tkach is a Partner in the Assurance Services Group at RubinBrown and leads the assurance data analytics initiative. He joined RubinBrown in 2010 and serves private and public clients in various industries including, but not limited to, manufacturing and distribution, real estate and not-for-profit. Mr. Tkach consults on accounting for complex transactions specifically as it relates to revenue recognition.Close