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What You Need to Know About In-Kind Contributions
June 21, 2022 @ 1:00 pm - 2:00 pm CDTFree
In-kind contributions are an important resource to many not-for-profits but tracking and valuing these contributions may be challenging. What are the reporting requirements and best practices to account for in-kind contributions? What information needs to be obtained and documented? What if a prospective gift does not align with your mission? How has the recent change in accounting standards modified the reporting requirements for in-kinds? Join us as we answer these questions and provide the fundamentals of in-kind contributions.
James Voight Jr., CPA joined Wegner CPAs’ Assurance Department in 2015 after obtaining his degree in accounting and finance from the University of Wisconsin-Whitewater. He works with the assurance team performing audits and tax return preparation for a number of different nonprofit organizations. He also has experience auditing municipalities and for-profit entities.
Wegner CPAs is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.