WHAT IS A NON-PROFIT?

A non-profit organization is a group, company, or organization formed to achieve a specific mission or goal beneficial to the public.


Contrary to the name, non-profit organizations can generate revenue. Instead of distributing it to share-holders, non-profits utilizes it's revenue to drive it's mission, pay employee salaries, overhead costs and administrative expenses. The Internal Revenue Service (IRS) recognizes over 25 categories of organizations as exempt from federal income tax.


Anyone can incorporate as a non-profit, but only those willing to abide by stringent government standards can achieve 501(c)(3) tax-exempt status.



OVERVIEW AND INTRODUCTION TO THE UNIFORM GRANT GUIDANCE



Topic: Accounting



Learn about the basics of Uniform Grant Guidance (“UGG”). In this session, you can gain an understanding of the various subparts of the UGG as it relates to both industry professionals as well as practitioners. Attendees will also learn about the consequences of noncompliance with the UGG.





INTRODUCTION TO THE AUDITING OF FEDERAL AWARDS AND MAJOR PROGRAM DETERMINATION



Topic: Accounting



Learn about the auditing of federal awards as it relates to the Schedule of Expenditures of Federal Awards. Attendees will also learn how to select the major program(s) to be audited while performing audits under the Uniform Grant Guidance.





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