8:25 – 8:30 a.m. | Welcome Remarks
8:30 – 9:20 a.m. | Contributions 101: Understanding the ASC 958 Model
Take a focused look at the ASC 958 core contribution model, including conditional vs. unconditional contributions, pledges, donated goods and services, and common scenarios like auctions and raffles. Review key journal entries and audit considerations to support accurate recognition, reporting, and compliance.
Jennifer Casacchia, CPA, Director | Sikich
9:30 – 10:20 a.m. | Restrictions and Net Assets
Gain a practical overview of net asset classifications, including time and purpose restrictions, and how to properly record releases from restrictions. Review underwater endowments and common classification pitfalls. Understand the mechanics behind net asset reporting and how to prevent errors.
Sarah Eddy, CPA, Practice Leader, Audit & Assurance | Mann Weitz & Associates LLC
10:30 – 11:20 a.m. | Financial Statement Presentation and Disclosures
Examine GAAP requirements for not-for-profit financial statements. Review net asset disclosures, liquidity and availability, and donor restrictions. Explore common “no net” presentation issues, revenue disaggregation, and key disclosure considerations to improve clarity for financial statement users.
Joshua Bream, CPA, Director | Porte Brown LLC
11:30 a.m. – 12:30 p.m. | Translating Accounting Into Form 990
Connect financial statement treatment to Form 990 reporting, including what Schedule A measures and how to switch between Part II and Part III. Through practical examples, explore common pitfalls, unusual grant scenarios, private vs. public foundation distinctions, and options when an organization fails the public support test.
Jessica Toader, CPA, MST, Tax Principal | Plante Moran
Thank You to the Content Advisory Group Volunteers:
Megan Angle, CPA | Porte Brown LLC
Jennifer Casacchia, CPA | Sikich
Monica Funk, CPA | Ann & Robert H. Lurie Children's Hospital of Chicago
Nancy Gonsiorek, CPA | Nancy L. Gonsiorek, CPA
Susan Greggo, CPA | Warady & Davis LLP
Sarah Hughes, CPA | Deloitte
Aleks Kondratyev, CPA | Academy of Nutrition and Dietetics