6 seats left! Dirty Sexy Money: Net Assets & Contributions
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6 seats left! Dirty Sexy Money:  Net Assets & Contributions

Understand the organization’s financial position and manage its assets by learning the rules and best practices around soliciting and accepting the full spectrum of charitable gifts.

When: Tuesday, February 23
9 - 11 AM
Where: Nonprofit Association of the Midlands
11205 Wright Circle
Suite 210
Omaha, Nebraska  68144
United States
Presenter: Jerry O'Doherty, Partner, Seim Johnson
Contact: Todd Mercural-Chapman
402-557-5800 4#

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$35 / Members
$70 / Non-members



Jerry O'Doherty, Partner, Seim Johnson LLP

LeAnne Kaiser, Seim Johnson LLP



Understanding a nonprofit's financial position (or balance sheet) is different from that of for-profit companies because of accounting rules for classifying and reporting gifts and other revenue of nonprofits. Net assets describe the net worth of the organization, calculated by subtracting an organization’s liabilities from its assets. This session dives into the murky world of net asset classification, and reporting which is essential to any nonprofit's financial management and development efforts.


Attendees will learn:

  • Contributions vs. Exchange Transactions
  • Transfer of assets
  • Recognition for contributions
  • Unconditional vs. Conditional Promises to Give
  • Donor-Imposed conditions & restrictions
  • Refundable Advances
  • Intentions To Give
  • Promises vs. Intentions
  • Restrictions vs. Designations
  • Determining fair value
  • Gifts-In-Kind
  • Unrestricted, Temporarily Restricted, and Permanently Restricted Net Assets
  • Uniform Prudent Management of Institutional Funds Act

Attend this session if you are:

  • Responsible for an organization's finances , accounting or fundraising
    (ED,  Operations, Development, Board members, Finance Committee members)
  • Engaged in fundraising and development
  • New to nonprofit financial management, including those with previous experience in government or for-profit accounting
  • Already familiar with nonprofit functional accounting