VIDEO: Nonprofit Financial Reporting – Underwater Endowment Funds
We are pleased to present the final, sixth short video in a series that has covered various aspects of the changes to nonprofit financial reporting. If you’re looking for information about Functional Expenses, Investment Expenses, Statement of Cash Flow, Liquidity and Availability Disclosure Requirements, or Net Asset Classification and Disclosure, check out our previous videos.
In this video Andrea Wright, Partner discusses the changes to Underwater Endowment Funds.
The Not-for-Profit Financial Reporting Standard was issued in August 2016 and is effective for audits for calendar year-end December 31, 2018 and fiscal year ending in 2019. Learn more about this standard and how it impacts your organization by watching this short video (less than two minutes):