Nonprofit Council Meeting

The Nonprofit Council is open to executive directors, senior staff or board members of chamber member nonprofit organizations for networking, learning and collaborative opportunities. 

Topic:  Key Revenue Recognition for Nonprofit Organizations
Presenter:  Elizabeth Pilacik, Director, Not-for-Profit Industry Group Leader, Audit & Accounting, Kreischer Miller


Revenue recognition can be one of the most challenging areas of nonprofit accounting, but it doesn't have to be.

Join us for a practical, easy-to-follow session that breaks down the complexities of revenue recognition for nonprofit and not-for-profit organizations. Through real-world examples and a simple decision-making framework, you'll learn how to determine whether revenue should be recorded as an ecxhange transaction or a contribution.

We'll cover:

• How to distinguish between conditional and unconditional contributions
• Determing whether commensurate value exists
• Applying the appropriate accounting guidance with confidence
• Common scenarios and pitfalls that impact compliance and financial reporting

This session will provide valuable insights and actionable tools you can put to work immediately.  Leave with a clearer understanding of the rules, increased confidence in your reporting and practical strategies to help ensure compliance.