FOR NOT-FOR-PROFIT ORGANIZATIONS

By Howard B. Levy, CPA

TABLE OF CONTENTS

Introduction

• What happened at United Way
• What are not-for-profit organizations?
• About this HANDBOOK

Chapter 1.     Role of the Treasurer

Chapter 2.     Internal Control

Chapter 3.     Accounting and Financial Reporting

• The books of account
• Financial statement presentation
• Summary of specialized accounting principles
• Fund accounting
• Functional expense classification
• Internal financial reporting

Chapter 4.     Budgeting

• Elements of a budget
• Budget benchmarks
• Capital budgeting
• Strategic planning

Chapter 5.     Controlling Cash Receipts

• "Lockbox" services

Chapter 6.     Fundraising

• Professional fundraisers
• Planned giving
• Soliciting endowment gifts
• Small contributions
• Federated campaigns
• Government grants

Chapter 7.     Controlling Cash Disbursements

• Special-purpose bank accounts
• Signature authority
• Physical safeguards
• Bank reconciliations
• Petty cash funds

Chapter 8.     Pledges Receivable

Chapter 9.     Cash and Investment Management

• Cash management
• Mitigating bank charges
• Cash flow forecasting
• Investments
• Setting investment objectives
• Selecting an investment program, plan or approach

Chapter 10.     Role and Selection of Independent Accountants

• Selecting an independent accountant/auditor
• Audit services
• Internal control examinations
• Review services
• Compilation Services
• Other CPA services

Chapter 11.     Audit Committees

• Duties of an audit committee
• Size and make-up of an audit committee

Chapter 12.     Complying with Regulatory Requirements

• IRS reporting
• Lobbying
• State and local regulatory requirements
• Grant compliance
• Other requirements

Chapter 13.     Donor Restrictions and Agency Transactions

• Endowment funds
• Agency transactions and obligations

Chapter 14.     Human Resource Management

• Human resource management policies
• Officer/director compensation
• Use of independent contractors
• Retirement plans

Chapter 15.     Records Management

• Security
• Records retention

Chapter 16.     Finding Help

• Recruiting volunteer professionals for the board
• Other sources of help

Appendix A.     Illustrative General-Purpose Financial Statements

Appendix B.     Glossary

Appendix C.     Selected Bibliography

Appendix D.     Topical Index