Due to the increasing economic pressure, nonprofit organizations are beginning to view mergers & consolidations as a way to assure their financial health. The question now is: how do mergers and consolidations work in the non-profit sector and what should organizations and their advisors be aware of to avoid any pitfalls during these transactions?
Nonprofit Organization Mergers, Consolidations, and Other Combinations: Accounting and Legal Issues Live Webcast aims to address the most critical issues that surround this timely topic. Join The Knowledge Group in this 2-hour live webcast and learn about these processes and get updates about the latest practices. Register now by clicking the “Register“ button below. Advanced registration is recommended as enrolment is limited for this course.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103957
Jerald A. Jacobs
Partner
Thomas J. Sneeringer, CPA
Partner
Linda J. Shinn, MBA, CAE
Principal
Charles F. Tate
Managing Partner
Jerald A. Jacobs, Partner, Pillsbury Winthrop Shaw Pittman LLP
- Driven by the recession and member/donor cost-consciousness, many nonprofit organizations have explored mergers, consolidations and other combinations; the rate of closing such deals -- whether local, regional or national -- has increased markedly in recent years.
- Nonprofit mergers resemble business mergers in that similar state laws dictate the procedures to be used; but nonprofit mergers differ fundamentally because "bottom line" financial issues are rarely the main driving force; instead issues of membership, governance, programs, and benefits predominate nonprofit merger negotiations.
- Nonprofit merger discussions often "fall off the rails" over matters that could have been anticipated and managed successfully; this session focuses on the "do's" and "don'ts" of nonproft organization mergers, consolidations and other combinations.
Linda J. Shinn, MBA, CAE, Principal, Consensus Management Group
- Merger, Consolidation, Unification, Harmonization – some drivers
- What Compels Successful Combination Efforts?
- Barriers/Traps
- Transition and Start Up
Thomas J. Sneeringer, CPA, Partner, McGladrey & Pullen, LLP
- Long awaited accounting standard on Not-for-profit (NFP) mergers and acquisitions is now here
- It is anticipated the most NFP business combinations will be treated as acquisitions under the new rules
- For acquisitions, organizations likely to consult with valuation experts in order to record various components at fair value
- Mergers are still possible under the new rules but organizations that want to go this route need to plan carefully in order to meet all the criteria for this treatment.
- Accounting treatments and related disclosures can be very complex under either an acquisition or merger. Organizations should include their accounting advisers early in the process.
Charles F. Tate, Managing Partner, Tate & Tryon Certified Public Accountants
- The Final Step—financial due diligence
- Who coordinates the due diligence?
- What is financial due diligence?
- What are some common areas of concern?
- Accountants and Attorneys for Nonprofit Organizations
This is a must attend event to anyone interested in understanding the latest updates on Interest Rate Risk Issues.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A