Mastering Form 990 Schedule D: Supplemental Financial Statements
Identifying Assets Requiring Separate Reporting, Navigating the Interplay Between Schedule D Assets and UBTI, and More
Recording of a 110-minute CPE webinar with Q&A
This course will provide nonprofit advisers with a comprehensive guide to reporting supplemental financial statement information on Schedule D of the Form 990 Exempt Organization Information Return. The panel will offer a practical part-by-part exploration of completing the schedule, focusing on identification and valuation of funds and assets that must be separately reported. The webinar will also address the interrelation between Schedule D disclosures and unrelated business taxable income (UBTI), and will discuss the requirements of Parts XI and XII to reconcile tax reporting to audited financial statements.
Outline
- Identifying assets to be reported
- Investment fund information
- Tying asset disclosures to UBTI reporting
- Endowment funds
- Donor advised funds
- Tying to audited financial statements (Parts XI and XII)
Benefits
Additionally, we will discuss these and other important topics:
- How to distinguish which funds qualify as donor advised funds
- Identifying “other” assets that would require reporting on Schedule D
- Referencing Part XIII to provide additional explanations or descriptions of Schedule D disclosures
- Reconciliation of revenue and expenses from Form 990 to audited financial statements (Parts XI and XII)
Faculty
Ingrid Mittermaier
Principal
Adler & Colvin
Ms. Mittermaier focuses on nonprofit mergers and asset sales. Before joining her firm, she practiced with several... | Read More
Ms. Mittermaier focuses on nonprofit mergers and asset sales. Before joining her firm, she practiced with several other law firms in the areas of transactional law, state and local tax law, and nonprofit law. She lectures regularly at law conferences and seminars, and has been a member of the adjunct faculty at the University of San Francisco in the College of Professional Studies, teaching a course in the Master of Nonprofit Administration program. Ms. Mittermaier is a past member of the Executive Committee of the State Bar of California's Taxation Section, and is also a past Chair of the Tax-Exempt Organizations Committee of the Taxation Section.
CloseRich Ruvelson
Director of Not-For-Profit Tax
Bond Beebe Accountants & Advisors
Mr. Ruvelson has nearly 30 years of experience in providing tax services to non-profit clients, including public and... | Read More
Mr. Ruvelson has nearly 30 years of experience in providing tax services to non-profit clients, including public and private colleges and universities, hospitals and hospital systems, supporting organizations, private foundations, and religious and cultural organizations. He has worked closely with clients on a wide range of non-profit issues including tax exemption, unrelated business income tax, charitable giving and substantiation, independent contractor issues, and Form 990 and Form 1023 reporting.
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