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Activities with Related Entities: Are You Properly Reporting Them?

Posted By Celeste Viator, Hannis T. Bourgeois, LLP, Wednesday, May 24, 2017

It's no secret that the number of not-for-profit organizations is growing while the number of grant dollars is shrinking. Shifting from competing for grant funds to cooperating with other organizations can create substantial value for not-for-profits and the people they serve. Among the ways that organizations can work together are:

  • Purchasing goods and services together;
  • Sharing facilities;
  • Combining fund-raising activities;
  • Sharing staff members and staff training;
  • Combining activities that advocate for their mutual beneficiaries;
  • Sharing the costs of community needs surveys;
  • Combining marketing of programs;
  • Forming a new organization to deliver a program or to deliver administrative services;
  • Merging together to create one integrated organization; and
  • Combining to create a parent-subsidiary relationship.

In addition to its many benefits, cooperation with another organization has its challenges. For example, an organization needs to motivate employees, ensure the quality of goods and services, identify and respond to risks associated with new programs, and manage the chance of diluting the organization's brand. This article only discusses financial reporting challenges.

 

When two organizations work together to achieve their missions, the way financial information about the cooperative activity is reported depends on which of the various pathways to cooperation the two organizations take. Chapter 3 of the AICPA Audit and Accounting Guide Not-for-Profit Entities (Audit Guide) discusses reporting relationships between the two entities when the purpose of the relationship is to provide goods or services that accomplish the organization's mission or the organization's administrative purposes. This article helps your organization find its way through that complex guidance. (Chapter 4 of the Audit Guide discusses reporting when the objective of the relationship between the entities is investment return and the other entity is not required to be consolidated. Those relationships are not discussed in this article.)

 

For ease in communicating, this article will use the following terms:

  • The reporting organization is the organization that's trying to determine how financial information about the cooperative activities is reported in its financial statements.
  • The entity that is carrying out cooperative activities may be a separate legal entity, but can be an activity shared by two entities that is not housed in a separate legal entity.
  • The other entity is the entity with which the reporting organization cooperates in performing the cooperative activity.

 

Was a New Legal Entity Created to Carry Out the Cooperative Activity?

 

If a cooperative activity isn't housed in a new legal entity, then the reporting organization most likely is a participant in a collaborative arrangement. A collaborative arrangement is a contractual arrangement that involves two (or more) parties in a joint operating activity. The parties are both active participants in the activity, and are exposed to significant risks and rewards dependent on the commercial success of the activity.

 

When involved in a collaborative arrangement, the reporting organization should report costs incurred and revenue generated from transactions between the cooperative activity and third parties (that is, parties that don't participate in the arrangement) in its statement of activities on a gross basis if it is deemed to be the principal participant for a given transaction. The guidance in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 605-45 is used to determine whether the reporting organization or the other entity is the principal participant for a given transaction.

 

In some cases, a new legal entity is not created and the governing body of the reporting organization cedes control of its operations to the other entity as part of its decision to engage in the cooperative activity.

 

For example, as part of the negotiations establishing a cooperative activity, the reporting organization might allow the other entity to appoint three of the five members of the reporting entity's governing board — if a simple majority is required to approve board actions, the other entity would control the reporting organization because of its majority voting interest in the board. If the other entity obtains control of the reporting organization, the reporting organization (including the cooperative activity) is consolidated with the other entity beginning on the acquisition date. If the reporting organization will present its own separate financial statements after the other entity obtains control of it (for example, because of certain lender or grantor requirements), the reporting organization should decide whether to establish a new basis for reporting its assets and liabilities based on the other (acquiring) entity's basis.

 

In other cases, a new legal entity is not created and the governing body of the other entity cedes control of its operations to the reporting entity as part of its decision to engage in the cooperative activity. If the reporting organization is required to consolidate the other entity, the reporting organization should account for its interest in the other entity and the cooperative activity by applying an acquisition method described in the "Acquisition by a Not-for-Profit Entity" subsections of FASB ASC 958-805.

 

If a new legal entity was created to carry out the cooperative activity, the reporting organization should determine whether it has combined with the cooperative activity or the other entity in a merger or acquisition transaction. If the governing boards of both the reporting organization and the other entity cede control of themselves to the new legal entity, the reporting organization ceases to exist, and it must determine how to report the creation of the new legal entity housing the cooperative activity. If only the governing board of the reporting organization cedes control to the new legal entity, the new legal entity becomes the acquirer.

 

Similar to the situation in which the other entity acquired the reporting organization, the reporting organization should decide whether to establish a new basis for reporting its assets and liabilities based on the new legal entity's basis if the reporting organization will present its own separate financial statements after the new legal entity obtains control.

 

In most cases, the creation of a new legal entity is neither a merger nor an acquisition. The new legal entity is created to house only the cooperative activity and not the activities of the reporting organization or the other entity. To determine the proper accounting, it is necessary to determine whether the reporting organization controls the cooperative activity.

 

 

Benefits, but Reporting Challenges

 

 

The benefits of working with another entity to perform a cooperative activity usually are worth struggling through the necessary financial reporting challenges. This article is a simplification of a complex area. Your organization should work with its accountants and auditors to determine the appropriate accounting and disclosures.                                     

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2017 AFP Conference Scholarship

Posted By Terence Delaine Jr, Louisiana Association of Nonprofit Organizations, Wednesday, May 17, 2017

LANO is pleased to announce a new partnership with the Greater New Orleans Chapter of AFP that will grant two individual scholarships for LANO Members (Friend of LANO excluded) to attend the Association of Fundraising Professionals Greater New Orleans Chapter Conference at the New Orleans Center for Creative Arts in New Orleans on June 15th.

 

Hear keynote speaker Dr. Adrian Sargeant, recognized worldwide as the leading authority on the psychology of giving!


There will also be incredible breakout sessions on topics including:

  • Identifying your best prospects and determining what motivates each prospect to consider major gifts
  • Nonprofit entrepreneurship:  Generating earned income while staying on mission
  • Lessons on creating a winning development program in public and private schools
  • 20 Years of events: Here's What I've Learned
  • Extreme Makeover: Board Edition

And many more. If you or a member of your organization would like to attend for free, please apply below!

 

Scholarship applications are due Wednesday, May 31st by 3 p.m. and recipients will be announced Tuesday, June 6th. 

 

 

 

Apply Here!!

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Don’t be stuck in your corner of the world. Learn new global developments in fundraising.

Posted By Amy Warner, CausePlanet, Tuesday, May 16, 2017

 

 

 

Don’t be stuck in your corner of the world. Learn new global developments in fundraising.

 

Global Fundraising is about worldwide developments in philanthropy that are changing the face of fundraising and dismantling conceptions about where philanthropy is strong and where fundraising innovation and creativity exist.

 

Authors Cagney and Ross present success stories from many other countries outside of North America and Europe that inspire fundraisers. The book enlightens you about specific areas of fundraising that are important to our shared advances in technology, innovation and major donors. The authors also place a focus on truly global (international) nongovernmental organizations or INGOs—the charity giants among us.

 

If you want to work hand in hand with fundraisers while understanding new global developments, Global Fundraising is the book for you.

Learn more about this book and our summary

 

Questions? Email us at Support@CausePlanet.org.

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2017 Nominations OPEN; National Philanthropy Day Luncheon

Posted By Tasha L. Cooper, Louisiana Association of Nonprofit Organizations, Monday, May 15, 2017

 

 

FOR IMMEDIATE RELEASE May 10, 2017 

 

CONTACT  
Sarah Cortell Vandersypen, CFRE 
Vice President of Communications 
(440) 832-1261, s.vandersypen@gmail.com

 

 

2017 Nominations OPEN; National Philanthropy Day Luncheon 
The Greater Baton Rouge Chapter of the Association of Fundraising Professionals 
celebrates the generous spirit of giving in our community. 

 

The Greater Baton Rouge Chapter of the Association of Fundraising Professionals hosts an annual event to celebrate the generous spirit of philanthropists and volunteers in our community. We invite you to join us in recognizing the outstanding people in our community that contribute to true change by nominating individuals, foundations, and corporation for their work. Winners will be honored at the National Philanthropy Day Luncheon at Renaissance Baton Rouge on Tuesday, November 14, 2017 from 11:30 a.m. to 1:30 p.m. 


The 2017 AFP Award Categories: 


Outstanding Leadership in Corporate Philanthropy Award goes to a business or corporation that demonstrates outstanding long-term financial support of one or more charitable causes. In addition, they may also offer consistent employee volunteer service to one or more non-profit organizations, and serve as an example of commitment to philanthropy. 


Outstanding Philanthropist Award goes to an individual who demonstrates outstanding civic responsibility through financial support with personal contributions or through family foundation or donor-advised funds. A nominee must have a proven record of exceptional generosity over a number of years and have actively solicited and encouraged other individuals, companies, or foundations to follow their example.  


Outstanding Volunteer Fundraiser Award goes to an individual who demonstrates exceptional leadership skills in coordinating groups of volunteers for one or more major fundraising projects. In addition, there is evidence of an obvious commitment to the advancement of philanthropy in general.  


Outstanding Philanthropic Foundation Award goes to a Foundation that demonstrates outstanding financial support over a period of time to one or more charitable causes. This Foundation sets an example for others to follow.  


Outstanding Philanthropic Service Organization Award goes to a non-profit organization that demonstrates ongoing significant financial support and volunteer involvement in one or more charitable causes over a period of time.  


Outstanding Youth in Philanthropy Award goes to either an individual or a group of young people, age 21 and under, who show a genuine commitment to service and financial support of a charitable cause or causes over a period of time. 

 

Outstanding Professional Fundraiser Award goes to an outstanding member of the AFP Greater Baton Rouge Chapter who consistently practices his/her profession in an exemplary manner. Only current AFP members may be nominated. Current NPD Chairperson or members of the Award Selection Committee are not eligible for nomination. 


Baton Rouge Legacy Award goes to an individual, couple, or family who has made a significant impact on Baton Rouge organizations through a charitable planned gift. Based on the selection committee’s preference, more than one award may be awarded in this category a year. 
Spirit of Giving Lifetime Achievement Award goes to an individual whose exceptional leadership in philanthropy, extraordinary civic responsibility, and overall generosity has a measurable impact in our community. The nominee of this award may be living or recently deceased. The narrative should outline the nominee’s lifetime of philanthropic accomplishments. This is a special award and the judges may choose not to present this award every year. 


The deadline for nominations is June 6, 2017. Find more information and the nomination packet at http://afpbatonrouge.afpnet.org/.  


### 


About Association of Fundraising Professionals: Since 1960, AFP has inspired global change and supported efforts that generated over $1 trillion. AFP’s nearly 34,000 individual and organizational members raise over $115 billion annually, equivalent to one-third of all charitable giving in North America and millions more around the world. For more information or to join the world's largest association of fundraising professionals, visit www.afpnet.org.  

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Association of Fundraising Professionals Greater New Orleans Conference is June 15!

Posted By Christy Himel, AFP New Orleans Chapter, Thursday, May 11, 2017

Are you involved in fundraising for your nonprofit?
Are you looking for ways to become more effective at your job?
Do you like the idea of a local, inexpensive conference?


Join the Association of Fundraising Professionals Greater New Orleans Chapter Conference on June 15!
New Orleans Center for Creative Arts- 2800 Chartres Street, New Orleans
Details and registration

Hear keynote speaker Dr. Adrian Sargeant, recognized worldwide as the leading authority on the psychology of giving!
Incredible breakout sessions on topics including:

  • Identifying your best prospects and determining what motivates each prospect to consider major gifts
  • Nonprofit entrepreneurship:  Generating earned income while staying on mission
  • Lessons on creating a winning development program in public and private schools
  • 20 Years of events: Here's What I've Learned
  • Extreme Makeover: Board Edition

Limited seating. Small-shop, group, and student rates available.  Register today!

Tags:  boards  conference  development  donations  donors  fund  fund development  fund raising  funding  Fundraising  funds  grant  grant writing  grants  grantwriting  louisiana  New Orleans  nonprofit  nonprofit sector  non-profits  training  volunteers  workshop  workshop. grants 

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Still time to apply for the Fundraising Intensive Program!

Posted By Nora Ellertsen, The Funding Seed, LLC, Thursday, May 11, 2017
Interested in applying for the Fundraising Intensive Program? Not sure if it's the right time or right fit? Explore the FAQ's below and submit your application by 5pm on May 19th!

 

1. What is the Fundraising Intensive Program?
The Fundraising Intensive Program is a 10-month training program that combines group learning and individual coaching to help bring your nonprofit's fund development to the next level.

During the program, participants meet once a month for a discussion on a shared topic and receive tools and homework assignments related to that topic.Following this, participants also receive a 90-minute individual coaching session each month to help them to apply that topic to their own unique organization.


Program description and application

2. Why do you have both group and individual sessions?
Combining group and individual learning means that participants can learn from each other in a safe, trusting environment while also getting support from a professional to trouble-shoot issues specific to their own organization.

Program description and application

3. What are the sessions like?
The group sessions are discussion based; there is no power-point and the feel is very un-lecture-like.The facilitator guides the conversation with questions and suggested best practices, and the participants are invited to talk about their own ideas and experiences.

The individual sessions are flexible and follow what the particular nonprofit needs that month.The session could be spent reviewing the month's homework assignment or talking more broadly about how this particular fundraising topic relates to their organization.


Program description and application

4. Why do you make us do homework?I thought I was done with school!
The Fundraising Intensive Program uses the saying, "Use it or lose it."It's not just about learning about fundraising theoretically; it's about actually making real change in your nonprofit's fund development program.The homework assignments are all practical and designed to help you truly ingrain the skills we discuss into your own actions and habits.

In addition, the program is designed to help you raise money as you go. For example, in the month dedicated to fundraising letters and emails, the homework is to write and send a fundraising letter and email.This means that, if you do your homework,you are actually raising money while the program is happening.


Program description and application

5. I've already been to a bunch of The Funding Seed's workshops, and it seems like a lot of the topics you cover in this program are the same.What would I get out of the Fundraising Intensive Program that I wouldn't get from the regular workshop series?
About half of the people who have participated in The Fundraising Intensive Program's first two graduating classes have participated in one or more of The Funding Seed's regular workshops.

The Fundraising Intensive Program provides an entirely different way to learn.Because participants receive a special individual coaching session every month, you have the opportunity to take the ideas and tools from the group session and work with a professional to help you implement them.This added accountability means you are more likely to actually do the things you need to do to make real progress.

In addition, because the same participants meet every month, you become a part of a genuine learning community, a group of people who are comfortable sharing ideas and experiences to help everyone fundraise better.


Program description and application

6. This seems pretty expensive. Can I justify spending the money for this program?
The Fundraising Intensive Program is an investment, both in terms of time and money.However, the $200 per month tuition (a second member from the same organization may also participate at a 50% discount) covers more than 40 hours of group and individual coaching, which is significantly less than the cost of similar coaching outside the structure of the program.In addition, remember that part of the intention of the program is that you will be actively working to raise funds as you go, not just spending money for something you may not ever get around to doing.

If your nonprofit does not have room in your professional development budget for this, consider applying for a professional development or capacity building grant.These are often designed for exactly this purpose.

Program description and application

7. Bottom line: Why should I consider doing this program?
If you are ready to make a real leap forward for your nonprofit's fund development efforts, The Fundraising Intensive Program is for you.Every nonprofit needs to know how to raise money.Whether you're an Executive Director, development staff,a board member, a program manager or a volunteer, having the skills to fundraise successfully and sustainably makes you an asset to your organization, and allows your nonprofit to serve your community even more effectively, to make the world an even better place for the future.


Have more questions? Email info@thefundingseed.com or call (504) 307-7220.
Or you can read the full program description and apply today!

For more on workshops and other services offered by The Funding Seed, visit www.thefundingseed.com.

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Tired of the same ideas getting repurposed? Borrow fundraising practices from nonprofits around the globe

Posted By Amy Warner, CausePlanet, Monday, May 8, 2017

 

 

 

Tired of the same ideas getting repurposed? Borrow fundraising practices from nonprofits around the globe

 

While many philanthropists, nonprofit leaders and fundraisers have an eye on proven practices among the usual suspects in North America and Europe, numerous charities both giant and small, inside and outside these regions are exhibiting innovative methods worthy of global attention.

 

Authors Cagney and Ross have uncovered helpful case stories in countries that once were considered unlikely places for fundraising events. Contributing authors add to the discussion in detail, educating you on how major regions around world manage philanthropy, fundraising and nonprofits.

 

Ultimately, this book is for anyone who is curious about fund development and philanthropy practices that are working in other countries and who hopes to gain a fresh perspective for their own organization.

 

Learn more about this book and our summary

 

Questions? Email us at Support@CausePlanet.org.

 

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Red Stick Project Spruce-up

Posted By Evelyn Ware-Jackson, The Red Stick Project, Thursday, May 4, 2017

A Call to Artists and Volunteers

 

Join us in the Melrose East Neighborhood for a Spring spruce-up and mural painting on Saturday May 6, 2017 from 9 am–1 pm.

6942 Titian Ave. off North Donmoor

Refreshments provided

 

Neighborhood volunteers and community partners are sprucing up the neighborhood and painting French impressionistic murals. In the process, Math in the mural is highlighted to demonstrate the practical use of STEAM (Science, Technology, Engineering, Arts, Math). Community Partners include MECA, MCRA, City Year, Aramark, BREC, and the Arts Council of Greater Baton Rouge.

 

The Red Stick Project is a 501(c)3 non-profit organization with a “STEAM” focus. It is a Field of Interest Fund of the Baton Rouge Area Foundation. This program is supported in part by a Decentralized Arts Funding Grant from the Arts Council of Greater Baton Rouge in cooperation with the Louisiana Division of the Arts, Office of Cultural Development, Department of Culture, Recreation and Tourism, and Louisiana State Arts Council.

 

Please visit www.braf.org/redstickproject.

 

Contact:

Evelyn Ware-Jackson

redstickarts@gmail.com

225-571-6134

 

 Attached Files:

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Inject soul into your use of technology

Posted By Amy Warner, CausePlanet, Tuesday, May 2, 2017


 

Inject soul into your use of technology 

 

Leroux Miller’s comprehensive guide to curating content is the cornerstone to creating a climate of followers engaged in your organization’s fundraising and brandraising.

 

The author’s vast number of nonprofit examples and specific guidance on why it’s important to create your content identity, build a plan based on your constituents’ preferences, and map out a functional timeline are only a few of the passage highlights in this book.

 

You’ll have answers to some of the most popular questions like, “What are the benefits and drawbacks of each online channel?” “What three questions should my homepage answer?” and “How do I allow for content surprises in a pre-planned editorial calendar?”

 

The secret in Leroux Miller’s sauce is she practices what she prescribes. She has worked out the kinks in all the methods and tools she recommends and has done so single-handedly. So, if you’re wondering if your small or sophisticated shop can implement her approach, wonder no more. 

 

Click this link to learn more: http://www.causeplanet.org/summarystore/product_info.php?products_id=128

 

Questions? Email us at Support@CausePlanet.org.

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United Against Child Hunger Food Drive

Posted By Tasha L. Cooper, Louisiana Association of Nonprofit Organizations, Monday, May 1, 2017

The Law Center of Southwest Louisiana Law Center, the United Way of Southwest Louisiana, and the Calcasieu Parish Police Jury are teaming up for this year’s Summer Feeding Program. 

 

If you happen to be in downtown Lake Charles this week, please drop off one or two non-perishables to the lobby of the Magnolia Building - 1011 Lakeshore Drive.

 

Food items that will be collected include:

Bottled Water

Sunflower Seeds

Cereal

Granola Bars

Juice Boxes

Raisins

Pudding/Yogurt Cups

Peanut Butter Crackers

No cook, pop-top meals (beans and franks, beefy mac, etc.)

Individually packaged snacks

 

See flyer for more details.

Download File (PDF)

 Attached Files:
SWLA.pdf (480.76 KB)

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