Schneider Downs 2012 Nonprofit Symposium is Announced


By Mark Shumaker

Schneider Downs’ 2012 Nonprofit Symposium will take place at the Mid-Ohio Foodbank on August 15, 2012. This full-day event is designed to explore a host of topics critical to nonprofits, including technology, accounting and auditing, investment, tax, mergers and acquisitions and fraud issues. This full day seminar will help anyone associated with Ohio’s nonprofits develop a road map for the future.

“Part of being a business partner is providing insight to the organizations that put their trust in Schneider Downs,” said Jay Meglich, group leader got Schneider Downs’ nonprofit industry group. Jay added “When leaders inside of nonprofits have questions, we strive to be the first place they go for clear, factual direction.”

The Nonprofit Symposium is designed for all exempt organization leadership, financial professionals and staff, so bring your hard-to-answer questions!

Panel Discussions:
Due to the overwhelming interest in last year’s panel discussion, we will be offering two panel discussions this year:
1. Board Expectations – Board members serve critical roles for exempt organizations, and with that comes significant fiduciary responsibility. The panelists for this session will share their experiences on assembling effective boards, discuss board communications and expectations, and provide insight on a board’s role in the success of an organization.
2. Secrets of Successful Nonprofits – A critical factor of any successful nonprofit is the public perception of the organization. This interactive panel will discuss the strategies behind developing sustainable programs; finding unique ways to communicate the message, including traditional and electronic media; and developing and nurturing a target audience that will support your organization.

Individual Sessions Include:
Top Ten Technology Risks for Nonprofit Organizations
Business technology comes with inherent risks, whether it is from data loss, security breaches or improper use of technology. Technology represents a huge operational liability if it is not managed correctly. Learn the Top 10 technology risks that nonprofit organizations face in attempting to maximize their investment in technology while minimizing the operational risks.

Accounting and Auditing Update
Gain the latest accounting and auditing updates affecting Ohio's nonprofits. This session includes:
• FASB/IASB convergence and IFRS update.
• Recent accounting standards activity including lease activity, revenue recognition and other relevant areas of change.
• Recent auditing updates including the new reporting standards on controls of a service organization, which replace SAS 70.

Emerging Trends and Best Practices for Nonprofit Retirement Plan Sponsors
Hear about the newest trends and best practices relative to:
• Creative plan design case studies
• Executive benefit enhancement opportunities
• Managing participant behavior toward better retirement outcomes
• Portfolio construction for volatile times that go on, and on, and on….
• Minimizing fiduciary liability exposure

2012 Federal Tax Update
Get the latest update to federal tax and compliance issues:
• Changes to the 2011 Form 990 and the Form 990 Instructions
• Unrelated business income tax (UBIT) rules including unrelated debt-financed income and qualified sponsorship payments
• Rules related to political activities and lobbying including the 501(h) election and the proxy tax
• Schedule H reporting requirements for hospitals

Mergers and Acquisitions
Many central Ohio nonprofits are feeling pressure from a host of issues, including an aging population, a decrease in revenue and increase in costs and dwindling resources. Every organization should understand its long-term options, including merging with, or acquiring, another nonprofit organization, contemplating shared services and taking advantage of joint fundraising opportunities. This session will help you understand what options are available.

“Don’t Be Fooled…You Are at Risk”
Nonprofit organizations throughout our area are facing external and internal challenges that threaten their ability to continue providing essential services to our community. While many of these challenges stem from funding and budget cuts, other challenges stem from internal and external fraud. Don’t be fooled by the trust you place in those around you. You are at risk, and you may not even know it unless you have a proper system of internal controls. This session will provide you with the information and tools necessary to combat fraudulent activities within, and external to, your organization.

Event Details:
Date: August 15, 2012
Location: Mid-Ohio Foodbank
3960 Brookham Drive
Grove City, Ohio 43123
Cost: Free
Time: 7:30 a.m. to 5:00 p.m.
Credits: 8

Registration Details:
Register online, by e-mail at lbrooks@schneiderdowns.com or contact Lindsay Brooks by phone at (614) 586-7202.

© 2012 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2019 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.