Tag: ACTG 470

Caeli Barnhart

National Coalition for Homeless Veterans

The National Coalition for Homeless Veterans is a 501(c)(3) non-profit organization dedicated to providing support for homeless veterans through job training, health care services, and housing opportunities. An analysis of the organization’s Form 990 will discuss the governance and program services offered by the organization. This form also reviews the accomplishments, including the mission statement, revenues, and expenses. The presentation will evaluate whether the organization’s significant activities are favorable or unfavorable compared to prior years. It will provide an overview of the financial statements and different tax schedules. Also it will examine if paid personnel have been properly identified as employees to ensure the correct payroll taxes have been calculated. The overview of the National Coalition for Homeless Veterans will offer insight into the activities and programs of the organization and give a better understanding of how donated resources are being used.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Selina Chacon

World Wildlife Fund

The non-profit organization World Wildlife Fund has been protecting the future of nature for 50 years. They work in 100 countries and are supported by more than one million members in the United States and close to five million globally. Since they are not for profit, the presenter will be focusing on their Form 990 helping to elaborate on why you should help contribute to their cause. Topics that will be covered are their financials, accomplishments, and their work.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Riley Charlish

YMCA Form 990

I will be presenting how the YMCA fills out their Form 990. A form 990 is a tax form that presents information to the public on non-profits. Since these organizations are tax exempt, this form shows where their money comes from and how they use their money. I will be dissecting selected sections of the form that will give a description of the vital information.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Tyler Farmer

FIFA 990 Form

For my ACE Day presentation, I will be talking about FIFA’s 990 form. The 990 form is a form that organizations must file to the IRS each year. The 990 form disallows non-profit organizations to abuse their tax-exempt status. FIFA was established in 1904 to oversee international competition in soccer. FIFA notably known for the major international tournament the World Cup. This event collected over 901 million dollars in revenue. Which makes this event profitable, even though the World Cup only happens every four years.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Jessica Garner

Food for Lane County Form 990

Food for Lane County is a food bank located in Eugene that collects and distributes food donations to local communities.  They are a 501(c)(3) non-profit organization that must file a Form 990 with the IRS.  The Form 990 being presented shows the financial information for Food for Lane County for fiscal year 2015 and 2016.  The presentation will include an analysis of the financial information included on the Form 990, the purpose of the organization, and a discussion of the additional schedules the organization is required to file with the IRS.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Joshua Goins

The First Tee, Chicago Non-Profit

The First Tee is a nation wide non-profit that incorporates the game of golf into the lives of children and young adults along with the life lessons that come with the game. There are over twelve hundred chapters in the United States and the presenter will focus on the financial statements of the Greater Chicago chapter. The first tee is a 501(c)3 non-profit and because of that they file a form 990. Most tax-exempt organizations that have gross receipts of at least $200,000 or assets worth at least $500,000 must file Form 990 on an annual basis. The presentation will break down the different parts, schedules, and statements inside the form. The different portions will be shared in a manner that is understandable to the general public, and end with an explanation to why (or why not) this is a valid non-profit to donate finances or time.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Lauren Oliver

Girl Scouts 990 Presentation

For ACE Day, I will presenting on the non-profit organization Girl Scouts for the Non-Profit Accounting 470 class. Throughout the presentation the audience will learn about who the Girl Scouts organization is, their history and their 990 Form. The 990 Form is important because it lets the public know their records and gives potential donors some insight before donating to them. It also informs the IRS the nonprofits financial status and see if they meet the qualifications for being tax exempted. Within the presentation there will be slides that cover the organizations service accomplishments, required schedules, IRS Filings, Management, Compensations, Statement of Revenue, Balance Sheet, Financial Statements, Contributions and many more. The purpose of this presentation is to inform audiences on whether or not from the research done, if the organization is a good place to donate to and whether or not their money is going to actually benefit what they are saying will.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Jessica O’Reilly

Holt International Form 990

Holt International is a non-profit organization that uses Christian principals to navigate them through their services of family strengthening, orphanage and vulnerable children care, and adoption services. The presentation will be breaking down their form 990 and presenting it to the audience in order gain insight of how and where their finances are being appropriated. The presentation is distributed as follows: Statements regarding other IRS filings and tax compliance, governance, management, and disclosure; compensation of officers, directors, trustees, key employees, highest compensated employees, and independent contractors; statement of revenue, statement of functional expends, balance sheet, financial statement and reporting; schedule A, Schedule B, schedule C, schedule J, schedule L, schedule O. The Form 990 is an informational tax form that most tax-exempt organizations must file annually. It gives the IRS an overview of the organizations activities. The organizations give an outline of the accomplishments for the previous year to justify the tax-exempt status. The IRS wants to be secure that the organization in question will continue to qualify for their tax-exempt status. Holt International must fill out the Form 990 because their gross receipts and assets are more than $200,000 for receipts and/or $500,000 worth of assets.  The Form 990 requires organizations to describe its mission or any other significant activates, as well as financial details on its revenues, expenses, assets and liabilities.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Mikaila Riddle

The Humanity and Hope United Foundation

The Humanity and Hope United Foundation is about helping create opportunities in small villages in Honduras. They are a 501(c)(3) non-profit organization and therefore must file a 990. A Form 990 is a way for tax-exempt organizations to report their financials, while keeping it public. This allows the public and the IRS to evaluate the organizations financials and form an opinion. The presenter will be presenting about the mission and vision of this organization, their financials, and any schedules they have to prepare for tax purposes.

ACTG 470, Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – Noon

Return to schedule

Parker Bonife

Wounded Warriors Project

Wounded Warriors Project (WWP) is a nonprofit 501(C)(3) organization and veterans service that offers variety of services and events for injured veterans. The organization was formed in 2005 and was dedicated for disabled veterans of the actions following the events of September 11, 2001. WWP’s mission is to honor and empower wounded warriors. The purpose of the organization is to raise awareness and enlist the public’s aid for the needs of injured service members, to help injured service members aid and assist each other, and to prove unique, direction programs and service to meet the needs of injured service members. WWP has designed three programs to help improve injured veterans’ lives and their family’s lives. Alumni Association is a program that helps with wounded warriors to continue to live beyond being injured. Combat Stress Recovery is a program that is designed to recover from mental health issues such as Post-Traumatic Stress Disorder. Physical Wealth and Wellness program is a program that is designed to reduce stress and promote an active lifestyle. Since WWP is a nonprofit organization, they have to file a Form 990, Return of Organization Exempt from Income Tax. By the end of the 2014 fiscal year, the contributions and grants increased by $87,052,791 from the previous year. Out of all the donations from the fiscal year 2014, only 80.6 percent of total expenditures went to provide services for Wounded Warriors and their families. This specific organization is the one people should get involved with the veterans who have served our country and sacrificed themselves to give the citizens the freedom to live.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM

Travis Frederickson

Form 990 of the Eugene Mission

The Form 990 for the Eugene Mission provides a summary of their mission and shares the overall of their program service accomplishments. The overview of the Statement of Revenue, Statement of Functional Expenses, Balance Sheet, & Reconciliation of Net Assets allows users of the information to make decisions regarding the funding and overall health of the organization. It identifies their tax status. It shares the following: How much income did they receive and from what source? What is the breakdown of total expenses between program, management, and fundraising? What kind of program are they running and how much is spent on that? Who are the board members and how much is the top staff paid? As a result of the information given, you will know two things. One, if you are thinking of contributing to this non-profit, you will know what they do, how strong they are financially, and how much of the money they receive goes towards their mission. Two, you will see from a board members perspective if this information would be embarrassing or not upon inspection by the public.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – noon

Michelle Giron

PETA

PETA (People for the Ethical Treatment of Animals) is one of the most well known animal rights organization in the world. Their mission is address the four areas where animals undergo the most horrific treatment. PETA gets its funding from contributions, merchandise sales, and other income. Their operating expenses are made up mainly of education outreach and program services. Many people believe a nonprofit makes no revenue, hence the name nonprofit. Even though PETA contributes a lot of its revenue to its program services and rescue for the animals, a tremendous amount of its contributions are put towards fundraising. It is important for the public to understand where their contributions are being put towards before donating to a certain organization.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM

Noam Glater

ASPCA Form 990

A Form 990 is a tax return that tax-exempt organizations, such as the ASPCA, must file with the IRS. It provides information about the organizations missions, programs, and finances. The American Society for the Prevention of Cruelty to Animals (ASPCA), a tax-exempt organization that must file a Form 990, has made it its mission to prevent cruelty to animals throughout the U.S., including program initiatives, animals health AVCS, and anit-cruelty. According to the Form 990 filed for the year 2012, the ASPCA had total revenue of $163,615,458 and total expenses of $168,616,519 resulting in a net loss of $5001,061. In 2013, they had revenues of $171665,748 and expenses of $173,064,741, which caused a net loss of $1,398,992. While they still had a net loss in 2013, that loss decreased due to the fact that the ASPCA received more revenue in 2013 and decreasing their expenses. Part 8, the Statement of Revenue, and Part 9, the Statement of functional expenses, in the Form 990 go more in depth as to why revenues increased in 2013, but also why the expenses increased as well. The Form 990 also explains additional programs of the ASPCA, such as the work of the Animals Poison Control Center (APPC), a 24-hour telephone hotline in Illinois that responds to pet emergencies for animal toxicology treatment and shelter veterinary services. Other organizations within the ASPCA include, the ASPCA Animal Hospital (AAH) and American Animal Hospital Association (AAHA). The Form 990 is very important for an accounting student to look more in depth to better understand why a non-profit organization is profitable or not. 

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

Jack Hackman

Catholic Relief Services

The Catholic Relief Services (CRS) is a non-profit organization headquartered in Baltimore, Maryland. It has a 501(c)(3) tax-exempt status because of its affiliation with the Catholic Church, and it had 793 employees as of 2013. Its mission statement is to “carry out the commitment of the Bishops of the United States to assist the poor and vulnerable overseas.” The organization does this by collecting contributions and grants so that they can help serve marginalized people throughout the world. A few facts from their form 990 reveal that the organization is performing well and able to carry out its mission. CRS gained $76.3 million more in contributions and grants in 2013 than the prior year, and the company’s revenue less expenses increased $27.2 million from 2012 to 2013. Also, its 2014 operating expenses budget allocated 92.01% of its resources to programs intended to carry out its mission, while only 7.99% went to internal support of their organization. Ultimately, based on the information presented in Catholic Relief Services’ financial statements, I recommend donating to their cause. They put their money toward their mission, and they work honestly and actively to help provide relief for poor people throughout the globe.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM

Eric Hannum

An Examination of the Smithsonian Institution Form 990

The Smithsonian Institution, the largest museum in the world was established in 1846 and houses some of the world’s greatest wonders. The Smithsonian has a number of gallery’s, museums, and zoos, including the national zoo, all located in Washington D.C. It also consists of a wide diversity of research centers located throughout the country. The Smithsonian’s mission is for the increase and diffusion of knowledge. It is important that this organization continues to be successful so that it can continue to research, collect, and showcase the wonders of the world.

The purpose of this paper is to examine the Smithsonian Institution’s form 990 and to evaluate the institutions financial successes/failures in 2013. There will also be a brief summary of the company’s 2013 finances in comparison to its 2012 finances. A few of the categories that will be examined in the Smithsonian Institution’s form 990 include: IRS filings and tax compliance, compensation, statement of revenue, statement of functional expenses, balance sheet, financial statements, and compensation information. 

The Smithsonian Institution is a great resource and opportunity for anyone that is interested in many of the world’s greatest wonders. It is important to review a non-profit organizations form 990 in order to see if the company is being profitable, how it is allocating its assets, whether it is likely to continue being successful and whether it is an organization worth donating money towards. This paper will help to answer these questions and provide valuable information that demonstrates the ongoing success of one of the most famous and exciting non-profit organizations in existence.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM

Kathleen Jimenez

To Write Love On Her Arms

For the past nine years one movement, To Write Love On Her Arms, has dedicated their time to finding help and producing hope to people who are struggling with depression, suicide, and self-injury. The purpose of this movement is to inform and encourage about the treatment and recovery process when wrestling with suicide. The founder of this non-profit, Jaime Tworkowski, wants to tell people’s stories of survival to give hope to those who are going through hard times. Since they have created this non-profit they have been able to respond to over 170,000 messages from over 100 countries and have invested over $1,200,000 in treatment and recovery. This organization is very small considered to other non-profits with only 21 employed members but they have a large number of supporters and people who are willing to volunteer to help this organization stay in business. Though it is small they have grown in popularity through bands and musicians who wear the organizations products, which after looking at their Form 990, has helped revenue continue to increase year after year. The people who struggle with suicide who feel that all hope is lost are able to find a community that offers love and support within this organization. Their hope is for people to understand that every story is important.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – noon

Michael Loomis

Remember Nhu Form 990 Analysis

Remember Nhu is a non-profit corporation with a 501(c)(3) tax-exempt status. The corporation states that their mission statement is, “to eliminate the exploitation of children in the sex trade industry throughout the world.” Within the corporation, there are seven members of the governing body, six independent voting members of the governing body, 80 volunteers, and Carl Ralston, the president, is the only paid employee. During the year of 2013, Remember Nhu’s total revenue amounted to $1,503,475 and total expenses equaled $1,148,096. In addition, the non-profit corporation ended the year with $1,589,186 of total assets and total liabilities and net assets/fund balance, which increased from $1,267,054 from the beginning of the year. Furthermore, when reporting, Remember Nhu uses the accrual accounting method. The non-profit corporation limits its expenses to activities needed for operations. While total revenue was only $355,379 more than total expenses, total revenue continues to grow each year from support. The organization is in its early stages but continues to show promising growth. Remember Nhu is doing incredible work and it would be a smart donation for individuals hoping to make a difference through a good non-profit corporation.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – noon

Tanner Nelson

NCAA Form 990

The Form 990 is used by non-profits to file taxes with the federal government. One such organizations is the NCAA, who is a non-profit that regulates college sports. The most recent Form 990 filled out by the NCAA that is available to the public is their form from 2013. On their Form 990, they recorded revenues at $906,191,666 and expenses at $898,475,381, giving them a final increase in their fund balance of $7,716,285. The NCAA also reported having assets that total $928,316,385 and liabilities that totaled $209,891,757, leaving them with $718,424,628 in net assets. Given that the NCAA is considered a non-profit, it is intriguing that they made almost a billion dollars in 2013.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – noon

Adrian Palacios

Livestrong Foundation

My Ace day presentation is going to be on the Livestrong foundation. The Livestrong foundation was created since 1997. Their goal is to help cancer survivors and their loved ones. They have created resources to help relieve the challenges of a cancer diagnosis. They have many programs to help every patient they have. I will be talking about their Form 990. A Form 990 is used by non-profit organizations to file taxes with the Federal Government. Livestrong’s Form 990 available online is from the year 2013. In the year 2013, Livestrong collected a total of $23,333,007 for their total revenue. The prior year they collected 38,210,018. This project is going to be talking about how the foundation did and if it is a good a place to donate. 

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – noon

Joseph Piper

Analyzing The Salvation Army’s Form 990

The Salvation Army is the second largest charity in the U.S. by means of private support. With such a large amount of funding, it is pivotal the organization manages their money in accordance with the law, and their nonprofit visions. Their mission statement is as follows, “The Salvation Army, an international movement, is an evangelical part of the universal Christian Church. Its message is based on the Bible. Its ministry is motivated by the love of God. Its mission is to preach the gospel of Jesus Christ and to meet human needs in His name without discrimination.” By analyzing the organizations IRS form 990, details of the organizations activities are disclosed specifically the revenues, expenses, assets, and liabilities. 

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM

Samantha Pitts

St. Jude’s Form 990

In this presentation, there will be information given on St. Jude Children’s Hospital and their form 990. A form 990 is a federal form that must be filled out by organizations in order to be exempt from their income tax. With looking at the form 990, one can see what the organization is spending their money on, and it breaks it down by which program is receiving what. Also on a form 990, it states the organizations mission, which helps to see if they are working towards that mission with what they are spending their money on. St. Jude Children’s Hospital’s mission is to, “advance cures, and means of prevention, for pediatric catastrophic diseases through research and treatment”. Some of the top programs that St. Jude’s are putting their money into is, research, education and training, and patient care. While they have other programs, these are the most important in which their money goes towards according to their organizational mission and backed up by their form 990.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

10 AM – noon

Jillyn Suratt

Oregon Zoo Foundation

The Oregon Zoo Foundation is “an independent nonprofit that encourages charitable giving in order to advance the zoo’s mission” (Oregon Zoo, 2015). This organization is what makes the Oregon Zoo stay up and working year after year. The foundation provides around $3 million a year through individual donations, corporation partnerships, grants and special events. The foundation has been providing these services of over $52 million since 1997. A Form 990 “is an annual reporting return that certain federal tax-exempt organizations must file with the IRS. It provides information on the filing organization’s missions, programs and finances” (GuideStar, 2015). Looking into their Form 990, it becomes clearer to see what exactly how the Oregon Zoo Foundation allocates their money. It is broken down into sections showing their activities, revenue and expenses, and their net assets and fund balances.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM

Harley Turner

Form 990 Capstone presentation

This capstone presentation is going to be reviewing the Form 990 of the National Rifle Association. The NRA is a non-profit organization in which they make their money primarily on sales of memberships and donations. I will review where this money is distributed throughout the organization by covering all the different schedules of their Form 990. This information is important because donors have the right to know where their money is going. Then they can make a decision if they want to keep donating to that organization. By the end of the presentation, I will show where and how the National Rifle Association uses the money they bring in. Then you will be able to choose if this is an organization that you would want to donate to. If not, I hope the presentation helps with choosing a non-profit organization that you could donate to in the future.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM

Ciara Wainwright

Southern Oregon Humane Society

The purpose of this project is to examine the Form 990 of The Southern Oregon Humane Society as a nonprofit organization and to discuss the programs and financial health of this nonprofit organization. The Humane Society is a worldwide organization that focuses on the rescue and prevention of animal cruelty. This nonprofit organization not only focuses on the rescue of animal cruelty it also helps to provide sustainable programs to both animals and people. A form 990 is a report that nonprofit organizations complete for the Internal Revenue Service (IRS) to allow those organizations to be exempt from taxes. The form 990 requires a nonprofit organization to provide their mission, finances, and the public charity work that is accomplished. Looking briefly over the financial information of The Southern Oregon Humane Society of both the revenues and expenditures have increased from the prior year. However, depending on the organization some requirements within the form 990 will not be applicable. 

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM

Alexis Wilks

The Eugene Mission – IRS Form 990

The Eugene Mission provides food, shelter, and the Gospel message to homeless persons in the Eugene and Lane County areas. In 2013 the Mission provided approximately 240,000 meals and 146,000 nights of shelter to homeless men, women, and children in the community. Roughly 82 percent of the Mission’s total revenues for 2013 were used to cover the expenses of the program; specifically including food expenses, sheltering costs, and the Life Change wellness program expenses. The goal of the Life Change wellness program is to help men and women transition to employment, or another stable source of income, and find permanent housing by addressing the issues that brought them to homelessness.

ACTG 470 Accounting for Non-Profit Organizations

Stacey Lewis

P103

1 – 3 PM