Capacity Building Event

Nonprofit Organization Seminar

Presented by: Lifeboat Accounting, PLLC

Schedule

  • 9:30 to 10 am: Zoom room opens for meet and greet and mingling
  • 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: Understanding IRS Form 990
    Nonprofit organizations file IRS Form 990 as its annual tax return. However, unlike for-profit companies, a non profit organization's tax return is made available to the public and has much more information on it that comes under scrutiny by readers. Learn the basic sections of the 990 as well as tips on how best to add narratives for fundraising. We will also answer audience questions as well as share tips on how to avoid red flags for public scrutiny.
  • 12:00-1:00 pm: Lunch Break
  • 1:00 to 2:00 pm: Strategic fundraising: how soliciting restricted and unrestricted funds affect the financial health of NFPs
    Organizations without a fundraising strategy sometimes find themselves with the wrong mix of donor gifts. Too much in restricted or endowment funds doesn't allow the flexibility to pay ongoing operational needs and not having a menu of options for donors who want to donate restricted funds can leave money on the table. In the first part of this presentation, we'll cover the difference between restricted and unrestricted donations and how it impacts your financials. In the second part, we'll share scenarios and tips on how best to guide donors to provide financial support in ways that assist the organization the best. We will welcome our special guest, Michele Levy from ML Brand Strategy Consulting, who will provide examples and case studies
  • 2:15 to 3:00 pm: Creating customized and engaging financial dashboards for your organization
    Data fatigue is a real thing in today's fast paced and short-staffed environments. When time is short and you need to focus on key performance indicators, utilizing dashboards is the best way to get pertinent data in front of decision-makers. The goal of this workshop is to assist participants with selecting the most meaningful data to assist with streamlining financial information that is most helpful to their organizations. Participants will be able to ask questions and engage in open discussion with their peer organizations during the presentation.

    In this presentation, we’ll cover:
    • The different types of dashboards and when to use each type
    • How to select the information to include in your dashboard based on the audience
    • Different ratios and KPI’s (key performance indicators) that organizations commonly include in their dashboards
  • 3:15 to 4:00 pm: Roundtable & Participants Q&A
    We’ll leave time for participants to discuss hot topics, ask a CPA any of their questions, discussions on effective Board and Volunteer onboarding and training, etc.

Cost

$40 for single attendee, $60 for unlimited attendees for an organization

To register, email or paypal lifeboatcpa@gmail.com.

Presenter Bios

Amity Ollis, Lifeboat Accounting

Amity Ollis is a licensed CPA in NH. She has worked both in public accounting firms and private businesses and has experience as an auditor, business consultant, accountant, tax manager, and more. She has provided clients with accounting and tax services for small startups to billion dollar entities.

She has served on boards of nonprofits and has provided trainings and education on everything from board responsibilities, Accounting 101, tax regulations and nonprofit compliance, fundraising, and more. She spent time at one of the largest nonprofits in New England as their tax manager and ensuring compliance. Amity is excited to utilize her experience to assist small businesses and nonprofits with their accounting needs.

Michele Levy, ML Brand Strategy Consulting

Michele Levy helps mission-driven organizations develop compelling messaging and communications programs in support of strategic goals. In addition to her consulting work, she has served as interim Chief Marketing Officer for a number of nonprofit organizations, and has held key roles on a variety of nonprofit boards. An honors graduate of Harvard College, Michele received her MBA in healthcare management from Boston University. She is the author of Building Your Brand: A Practical Guide for Nonprofit Organizations.

Date/Time: Monday, November 16, 2020 - 9:30am to 4:00pm
Location: Online

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