Nonprofit Seminar: Understanding Financials - Wednesday, April 29 in Bloomington

Join us on Wednesday, April 29, 2009 at the Microsoft North Central District in Bloomington.  Attendees will learn how to impress contributors and foundations with financial reporting and how grant management modules in Microsoft standard products can assist this process.  To learn more about attending this free event, click here.

Expense allocation — Someone’s watching you …

If a potential funder studied your financial data, would they conclude that your organization is well run? Are the costs you allocate to nonprogram categories — management expenses, for example — believable? The reality is that many funders, watchdog groups, government regulatory agencies and others depend on the ratios gleaned from your cost allocations to make decisions about your organization’s efficiency
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Steering clear of staffing emergencies

Your organization is increasingly faced with a shrinking budget while you strive to provide the best in program services. So, how do you address those opposing forces? If you’re like most nonprofits, you run lean on staffing. Besides crunching numbers, your bookkeeper also might answer the phones and work program events, for example. But what would happen if he suddenly resigned or took a leave of absence.
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Spending limits — Initiatives zero in on endowment management

That mouthful of words — the Uniform Prudent Management of Institutional Funds Act (also known as UPMIFA) — is likely in your vocabulary by now. As of year end, one-half of U.S. states had enacted UPMIFA and the legislation had been introduced in several more states. UPMIFA updates and standardizes investment and expenditure policies for nonprofits. Learn, in a nutshell, how the law requires organizations to prudently manage investments and control expenditures.
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News for Nonprofits

This issue discusses new Form 990 “tell-all” requirements regarding compensation; ideas for going green; and a higher education questionnaire that signals new IRS compliance requirements.
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KDV to Expand Expertise, Client Base and Geographic Presence

Minneapolis, Minnesota, February 2009: Kern, DeWenter, Viere, Ltd. (KDV) and Davich, Wilson, Morrow & Associates (DWM) announce the signing of a letter of intent for DWM to join KDV.  The merger broadens KDV's portfolio expertise, services and clients as it expands its presence in the Twin Cities.  Based in Bloomington, DWM specializes in accounting and consulting services in the health care, professional services and manufacturing industries.  The merger is expected to be completed by July 1, 2009, with the existing DWM office to remain in the south Twin Cities metro area.  For more information, click here.