r e c o m m e n d at i o n s a n d b e s t p r a c t i c
play

R E C O M M E N D AT I O N S A N D B E S T P R A C T I C E I N S - PowerPoint PPT Presentation

Oct 05, 2023 •313 likes •400 views

R E C O M M E N D AT I O N S A N D B E S T P R A C T I C E I N S I G H T S PREPARED FOR May 1, 2014 P R E S E N TAT I O N A G E N D A Presenter Profiles Firm Overview Industry Experience Best Practice Insights Questions

  1. R E C O M M E N D AT I O N S A N D B E S T P R A C T I C E I N S I G H T S PREPARED FOR May 1, 2014

  2. P R E S E N TAT I O N A G E N D A  Presenter Profiles  Firm Overview  Industry Experience  Best Practice Insights  Questions 1

  3. P R E S E N T E R P R O F I L E S Ronny Mitchell, CPA, is an audit Tanya Ward, CPA, is a tax manager at CohnReznick with more than six manager at CohnReznick and a member of the Firm’s Not -for-Profit years of public accounting and Education Industry Practice. experience. Tanya works closely Ronny has eight years of with her clients and provides experience in public accounting, comprehensive tax solutions on a serving clients in a number of tax matters relevant to variety of industries, including not- their businesses. for-profit and government Tanya is an active member of the Firm’s Not -for- Ronny has been able to utilize his experience with Profit and Education Industry Practice and has not-for-profit accounting issues and OMB A-133, significant experience working with several different both Federal and state grant compliance, to assist types of not-for-profit organizations. In addition to his clients with both technical and regulatory serving some of the Firm’s top not -for-profit clients, matters. He has extensive experience working Tanya has extensive experience serving companies closely with his clients to provide insight and in the hospitality, biotechnology, and real estate recommendations for business operations, industries. management services, accounting techniques and strengthening internal controls. In addition, Education Ronny has significant experience with investments, Eastern Washington University: Bachelor of • endowments, revenue recognition, inventory, and Science, Accounting and Finance complex debt instruments. Professional Affiliations Education American Institute of Certified Public • Bethany College: Bachelor of Arts, Accountancy • Accountants Professional Affiliations California Society of Certified Public Accountants • American Institute of Certified Public • Accountants California Society of Certified Public Accountants • 2

  4. F I R M O V E R V I E W 10 th 2500 + 280 + 26 $ 500 + LARGEST ACCOUNTING FIRM EMPLOYEES PARTNERS OFFICES MILLION IN ANNUAL REVENUES  One of the top accounting, tax, and advisory firms in the U.S.  Blends the deep resources and technical acumen of a large accounting firm with a hands-on, entrepreneurial service approach that growing organizations require  Serves clients in numerous industries  International reach via Nexia member firms in more than 100 countries 3

  5. N O T - F O R - P R O F I T A N D E D U C AT I O N I N D U S T R Y P R A C T I C E Our mission: To enable not-for-profit organizations & educational Quick Facts institutions to fully realize their mission through insight, ideas, and advice driven by our industry expertise. We strive to deliver forward-thinking solutions based on our One of the largest understanding of the not-for-profit & education business dedicated not-for-profit environments and provide tailored services accounting practices to help out clients meet their business objectives. Who we serve: Approximately 175 professionals serving CohnReznick provides services to a myriad of the industry not-for-profits: Religious organizations Associations Serve more than 1000 clients across all Nonprofit housing Foundations major segments developers Social service Arts and culture organizations Participate in the organizations Higher education Government Audit Quality Relief agencies Center established by the Independent schools American Institute of Certified Public Accountants 4

  6. F O U N D AT I O N B E S T P R A C T I C E R E M I N D E R S Through CohnReznick’s Not -for-Profit and Education Industry Practice we have helped more than 1,000 organizations deal with the challenges you face. Drawing upon our wealth of experience in this area, we will discuss the following issues as they relate to PUSD Foundations: • Organization structure • Financial Operations • Board governance • Internal controls • Board Financial Oversight • Other best practices/risks 5

  7. F O U N D AT I O N TA X R E M I N D E R S • Form 990 vs. 990EZ filing requirements • CA Form 199 filing requirements • Extensions options • Form 1099 filing requirements • CA Form SI-100 • Raffles and bingos registration requirements • Raffles vs. silent auctions 6

  8. Q U E S T I O N S ? FORWARD THINKING CREATES RESULTS On behalf of CohnReznick we would like to thank you for the opportunity to make this presentation to the members of the Poway Unified School District. 7

Recommend

More recommend