Adopting New Strategies for Success in a Changing
Tuesday, October 23, 2018
7:30 a.m. – 1:00 p.m.
DoubleTree by Hilton Hotel Reading
701 Penn Street
Reading, PA 19601
Does your not-for-profit organization understand the new Tax Cuts and Jobs Act and how to proactively minimize your tax burden? Is your organization effectively using emerging technologies and do you have a plan in place to protect against potential IT compromises? The not-for-profit landscape is changing and RKL wants to provide you with the tips, insights and best practices to navigate these changes and position yourself for success at our informative, half-day seminar.
This event is by invitation only and is exclusive for not-for-profit executives and their board members. A hot breakfast buffet and lunch will be provided. There is no cost to attend, but be sure to register early; seating is limited.
Questions about our Not-for-Profit Seminar, or looking for the registration code to secure a seat for you or your board member? Contact Lindsey Howe at firstname.lastname@example.org.
The 2018 Not-for-Profit Change and Sustainability Forum will feature insights and knowledge on a broad range of topics delivered by RKL experts and a guest speaker.
7:30 – 8:00 a.m. – Registration and Hot Breakfast Buffet
8 – 8:50 a.m. – Tax Reform: Understanding the New Tax Law and its Impact on Your Organization and Donors
Ruthann Woll, Principal, RKL Tax Services Group
The recently enacted Tax Cuts and Jobs Act will impact every organization and every individual. Do you know how it will impact your nonprofit’s bottom line? Attendees of this session will be equipped with proactive tax strategies to minimize the impact of this new legislation on your organization and be able to identify the best charitable planning methods for your donors to reap the most benefits under tax reform legislation. (Qualifies for 1 Taxation CPE credit.)
8:50 – 9:00 a.m. – Break
9 – 9:50 a.m. – Not-for-Profit Financial Reporting Standards Update
Andrew Kehl, Manager, RKL Audit Services Group
Changes are coming to nonprofit financial statements, courtesy of the new financial reporting standard, ASU 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities and new revenue recognition requirements under ASU 2014-09, Revenue from Contracts with Customers (Topic 606) and ASU 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Attendees of this session will understand how to prepare for these changes through a discussion of the key components of the new ASUs, examples of new financial statement presentation formats and footnote disclosures, and implementation and transition guidance. (Qualifies for 1 Audit and Accounting CPE credit.)
9:50 – 10 a.m. – Break
10 – 10:50 a.m. – Innovative Technologies: Protecting Your Organization Against IT Compromises and Incorporating Your Employees into Your IT Security Plan
Randy Coneby, Principal, RKL eSolutions
Nonprofit organizations are relying more heavily on innovative technologies such as cloud computing systems, social media and mobile technologies to operate more effectively through improved work processes. However, increasing dependence on technology creates a greater need to protect the organization against potential IT compromises and many times it starts with employee education and reinforced training. Therefore, it’s imperative to incorporate the Human Resources (HR) Department into an organization’s IT security plan.
Attendees of this session will be able to identify potential weaknesses to data security related to use of mobile devices, social media and the Cloud and avoid common pitfalls. Attendees of this session will also learn how to implement basic principles with their HR team to make employees an IT security asset. (Qualifies for 1 Specialized Knowledge CPE Credit.)
10:50 – 11 a.m. – Break
11 – 11:50 a.m. – The 20 Most Common Errors Made by Nonprofits in 2018
Richard Caputo, Partner, Fox Rothschild LLP
Nearly every organizational or operational activity presents nonprofits with a chance to succeed or make a critical error. Is your organization maximizing distributions from endowments, other investable assets and trusts through Act 141 elections? Is your organization seeking to unrestrict certain restricted funds? Is your spending policy consistent with its “appropriation” policy? Has your organization created affiliates and obtained proper insurance coverage in order to protect its endowment funds and investable assets from liability exposure arising out of your operations, real estate activities and related and unrelated businesses? Nonprofits are strictly regulated and it’s imperative to avoid common pitfalls to position your organization for continued success. From structural changes to daily operations, attendees of this session will be able to identify the 20 most common errors nonprofits have made in 2018 as well as learn how to avoid these errors in their own organizations. (Qualifies for 1 Specialized Knowledge CPE Credit.)
12 – 1 p.m. – Lunch and Peer Discussion
You will hear throughout the day the many new challenges the not-for-profit industry is facing in 2018. During lunch, members of the RKL team will facilitate topics for peer discussion to determine best practices for overcoming these challenges. Lean on our team and your peers to position your organization for success in the future.
CPE: Earn up to four hours in the fields of specialized knowledge, taxation, and audit and accounting. See course descriptions.
Cancellations: Cancellations outside of unforeseen circumstances are requested by October 16.
Prerequisites: None | Advanced Preparation: None | Program Level: Basic | Delivery Method: Group-Live
For information regarding our complaint policy, contact RKL’s HR department at 717.394.5666.
RKL is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE Credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.learningmarket.org.
SEATING IS LIMITED; REGISTER TODAY!
Click the registration button below to enter the registration code and claim your seat at this exclusive, invitation-only event.