“No margin, no mission” is the rallying cry for nonprofits (NPOs) to be more business-like. In this session, you will learn how NPOs and for-profit businesses are alike and different. We’ll discuss the best practices that can be utilized by the NPO to become more strategic, profitable, efficient and accountable, current trends affecting NPO organizations and more.
In this session, we’ll learn how, terrorists, criminal and spies take the seemingly innocuous information your employees post online and use it to compromise your company's network. Specifically, you’ll see how these “bad guys” take this information to create infected emails/documents that will be opened. We’ll discuss how these offenders can bypass your data security measures regardless of your IT budget.
In this session, we'll provide a FASB Update with a focus on ASU 2018-08 - the recently issued ASU on revenue recognition of grants and contracts by NFP entities. We'll also discuss other recently issued standards and projects.
In this session, we’ll discuss lean concepts and methods and how to apply these tools to your office environment and nonprofit. We'll focus on the ability to recognize and eliminate wasteful operations within the accounting department and cover the history of lean processes and its relation to today’s NPO operations, the important principles of lean and why lean is so complementary to the mission of NPOs, identify new, leaner approaches to current accounting processes and more.
In addition to impacting how nonprofits are taxed, the Tax Cuts and Jobs Act of 2017 has affected how donors are giving to charitable organizations. In this session, you’ll learn where nonprofits stand two years into tax reform, and get an update on how the tax law is being implemented, including Unrelated Business Taxable Income (UBTI) and the new taxes on transportation fringe benefits, executive compensation and net investment income, as well as the effect of tax reform on charitable giving.
After now having used the new nonprofit (NPO) reporting model (FASB ASU 2016-14) for about a year, we will share the challenges we have seen and areas that could use more attention. We will discuss a brief overview of the changes required, issues with the new net asset classification, how to craft the required liquidity and availability footnote, challenges in functional expense allocation reporting and more.
In this session, we’ll dive into the new Government Auditing Standards (Yellow Book 2018) which will be effective June 30, 2020. We’ll discuss an overview of the Yellow Book changes, independence and non-audit services, Uniform Guidance and the Single Audit, including the challenges with procurement, the 2019 Compliance Supplement and more.
Exceptional nonprofit governance focuses on the collective talents of the board on the mission, program effectiveness and the long-term sustainability of the organization. In this session, we’ll discuss what someone needs to understand when they take on the role of a board member and what the leadership team of a nonprofit can incorporate into a board orientation or recruitment process to onboard a new board member. We’ll share what governance is and best practices as well as the key roles and 10 basic responsibilities of the Board of Directors.
In this session, we’ll discuss the federal tax law regarding political activity by nonprofits, with a focus on 501(c)(3) organizations. We will cover the prohibition on political campaign activity, the limitations on lobbying activity and the 501(h) election, the types of advocacy activities that don’t constitute lobbying or campaign activity under federal tax definitions, as well as political activities by 501(c)(4)s and 501(c)(6)s.
This conference qualifies for the Workforce Training Express Fund program. The course code for this program is 1122806 Click here for more details: https://www.mscpaonline.org/cpe/training_fund
Susan Abbott is a partner in Goodwin’s Trusts & Estate Planning practice as well as a chair of both the firm’s Exempt Organization group and Higher Education practice. A member of the firm's Impact and Responsible Investing practice, she focuses her practice on tax-exempt organizations, probate and trust law and estate planning, with an emphasis on charitable planning. Additionally, Abbott advises tax-exempt organizations on issues related to their formation, operations and planned giving programs. She has been recognized as a New England Super Lawyer and as a ”Top Woman of Law” by Massachusetts Lawyers Weekly and also received the Massachusetts Lawyers Weekly’s Excellence in Pro Bono Award in 2014.
Brad Bedingfield is a partner and co-chair of the Nonprofit Group at Hemenway & Barnes LLP in Boston where works extensively with nonprofit organizations, navigating tax, regulatory and governance matters, guiding them through formation, reorganizations, mergers, affiliations, dissolution and advising them on innovative use of charitable assets, including social impact bonds and other forms of impact investing. Additionally, Bedingfield counsels high-net-worth individuals and families on charitable giving, estate planning and lifetime gifting strategies. With over a decade of private practice with national firms and also previously working as a tax law specialist with the Exempt Organizations Division of the IRS in Washington, D.C., he is also the co-chair of the Boston Bar Association Tax Exempt Organizations Public Policy Committee and serves on the Board of Directors for the Planned Giving Group of New England (PGGNE).
Diane Edelstein, CPA is a partner at Maher Duessel and has over 25 years of experience in public accounting. Her entire auditing career has been of nonprofits, governments and Single Audit. Edelstein currently serves on the AICPA Peer Review Board – GCA PMTF (Government and Compliance Audits Practice Monitoring Task Force) and is a past member of the PICPA Professional Ethics Committee and the PICPA Peer Review Committee
Alyssa Fitzgerald is a senior attorney in the trusts and estate planning practice at Goodwin, where she focuses on advising tax-exempt organizations. She provides guidance to tax-exempt and taxable entities on a variety issues ranging from formation, sale of assets, mergers, joint ventures and partnerships, foreign activities, political campaign activity and lobbying, charitable sales promotions and corporate sponsorship, planned giving and compliance with intermediate sanctions and self-dealing rules. Fitzgerald also works extensively with public charities and private foundations and is currently co-chair of the Legal Education Committee of the Boston Bar Association Tax-Exempt Organizations Section.
Elizabeth Gagnon is a supervising project manager with the Financial Accounting Standards Board (FASB) where she leads projects on nonprofit reporting on gifts in kind (GIKs), disclosure framework—disclosure review, inventory and disclosures by business entities about government assistance. She also serves as coordinator of the Financial Accounting Standards Advisory Council. Since 2013, Gagnon has hosted and lead the development of the FASB’s semi-annual commercial accounting continuing professional education (CPE) provider forums, which allow CPE providers an opportunity to inquire about final and proposed accounting standards with FASB members and staff to assist in preparation of accounting and reporting courses.
James (Jim) T. Lindell is the President of a Wisconsin based provider of strategic & financial consulting, professional speaking, training, and executive coaching. Jim has an extensive background in senior management including positions as Chief Financial Officer and Corporate Assistant Controller. James Lindell is a Certified Public Accountant with public accounting experience at several local and regional accounting firms. He is a TEC Chairman (The Executive Committee). He is a member (and instructor) of the American Institute of CPA's and the Wisconsin Institute of CPA's and a member of Wisconsin Chapter of National Speaker Association. Jim is the author of the AICPA course “AICPA’s Annual Update for Controllers”, “Targeting the Bottom Line: Taking the Guesswork out of Financial Management”.
Scott McGaunn is a special agent with the Boston Division of the Federal Bureau of Investigation (FBI) where has worked for over 24 years investigating white collar crime, the Russian and Italian mafias, cybercrime counter-terrorism and espionage matters. He is a FBI certified firearms instructor, a member of the FBI’s evidence response team, a certified police instructor and FBI adjunct faculty member, teaching FBI coursework to police agencies domestically and abroad. He also currently teaches a course entitled, “Issues in Cybercrime and Cybersecurity” as an adjunct faculty member at UMass Lowell. In addition, McGaunn was nominated for the 2018 Attorney General’s Award for Fraud Prevention and the 2018 FBI Director’s Award for Outstanding Criminal Investigation for his involvement in an international corporate espionage investigation. He speaks to the private sector and academia about cyber threats, corporate espionage, counterintelligence matters, insider threats and intellectual property theft on behalf of the FBI.
Robert Rosenzweig, RPLU is a senior vice president and the national cyber risk practice leader at Risk Strategies where he oversees all of the firm’s cyber professionals and works directly with the firm’s clients and prospects on creating comprehensive and customized coverage for their data security, privacy and errors and omissions exposures. Additionally, he is responsible for coordinating the firm’s overall cyber strategy nationally. A published writer and frequent interview subject on cyber liability topics, Rosenzweig also has participated on panels and led seminars on a variety of related topics.
Sandy Ross, CPA, CFE, MSNM is partner of nonprofit services at KLR where she concentrates her efforts in providing financial and consulting services to tax exempt organizations and clients requiring contract compliance audits. She is responsible for all phases of audit fieldwork, financial statement preparation and preparation of financial reports available to the public. Ross also performs management consulting on a variety of issues relative to the management of the modern nonprofit organization, including grants management, internal controls and internal financial reporting.
Mark Van Divner, MBA, CGEIT, CISM, CISA, CISSP is senior vice president and the head of information security and business continuity at First Republic Bank where he is responsible for online fraud prevention, incident response, access and identity management, crisis management, technology recovery and IT governance. He has over 25 years of broad-based experience in the implementation and management of global Information Technology (IT) infrastructure and security at Fortune 100 companies.