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.