Thursday, January 24, 2019 – Thursday, January 24, 2019 | 8:30am – 4:35pm

Nonprofit Conference

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8:00 - 8:30 a.m.



8:15 - 8:30 a.m.

Welcome and Opening Remarks


8:30 – 9:15 a.m.

State of Philanthropy in Greater Boston

Kate Guedj, The Boston Foundation

 Arlene Fortunato, The Greater Boston Food Bank

During this session, we’ll discuss the state of philanthropy in Greater Boston and any shifts that have occurred due to changes in the Tax Cuts and Jobs Act of December 2017. We’ll also discuss the case for philanthropic support in the current climate and comment on any giving changes they have seen in their respective organizations. This presentation will highlight how advisors can work with their clients to help them shape and achieve their goals for philanthropic impact using techniques inclusive of giving vehicles, asset types and timing, with a focus on non-cash assets. Additionally, it will also highlight how the Boston Foundation is poised to support accountants as an extension of the service provided to their clients. 

9:15 – 10:15 a.m.

Emerging Technologies

John Higgins, CPA Crossings

There are a number of important technology trends that are emerging right now that will have significant impact on every organization in the coming years. As a CPA / CFO serving not for profit organizations, it is imperative that you gain a baseline understanding of these technologies and the ways in which they can potentially impact your organization. This presentation will focus on four major technology trends that are converging on the scene; big data and data analytics, the internet of things (IoT), Artificial Intelligence (AI) and Blockchain technology.



10:15 – 10:30 a.m.

Networking Break


10:30 – 11:15 a.m.

Implementation of Financial Statements of Nonprofits

Richard Cole, Financial Accounting Standards Board

This session will focus on implementation of ASU 2016-14, Presentation of Financial Statements of NFP Entities. The session will discuss implementation examples of the accounting standard.


11:15 a.m. – 12:15 p.m.

Revenue Recognition of Grants and Contracts

Richard Cole, Financial Accounting Standards Board

This session will focus on the requirements of ASU 2018-08, clarifying the scope and guidance for contributions received and contributions made and an overview of the new standard with some implementation examples.


12:15 -1:00 p.m.



1:00 – 2:15 p.m.

What Every Nonprofit Organization and CPA Firm Needs to Know about Cybercrime

Scott Augenbaum, Retired FBI Special Agent

Transnational criminal enterprises are targeting nonprofit organizations and CPA firms along with anyone that uses email and has access to a bank account. These schemes, which appear complicated at first, are really nothing more than social engineering going after the weakest link in any organization: people. When your money is stolen, the chances of recovery are slim to none as well as bringing who is responsible (usually people who are overseas) to justice. During this session, we’ll discuss how almost all these incidents could have been prevented without spending money through a few simple tips.  


2:15 – 2:30 p.m.

Afternoon Break


2:30 – 3:30 p.m.

Concurrent Sessions


Nonprofit Tax Issues: 2018 A Year in Review

Richard Locastro, CPA, JD, Gelman, Rosenberg & Freedman

 2018 was certainly a year of uncertainty in the nonprofit tax world! The Tax Cuts and Jobs Act was passed late in 2017 with provisions impacting tax-exempt organizations, IRS guidance was slow in coming in 2018, and the November elections have many of us wondering about tax law changes going forward.


Deeper Dive: Blockchain

John Higgins, CPA Crossings

One of the most talked about modern technologies that has the potential to significantly disrupt the accounting and auditing profession is blockchain. This presentation is designed to bring you up-to-speed on what this revolutionary technology is all about. You will learn about the concepts, nomenclature, technology and potential applications related to blockchain. Attendees will leave feeling knowledgeable about blockchain and ready to carry the conversation elsewhere, whether it’s with their colleagues or peers.


Single Audit and GAGAS Update

Marci Thomas, MHA, CPA, CGMA, Loscalzo Institute

During this session, we’ll discuss the 2018 Yellow Book which was issued this past summer and review the significant changes to Generally Accepted Government Auditing Standards (GAGAS) and what they mean for auditors. Well also discuss the new Data Collection Form which will be available early 2019 and the changes from the form currently used. Recent communications issued by the AICPA and federal agencies indicate that there are still a considerable number of nonconforming audits (audits with audit deficiencies). We will talk about recent AICPA alerts designed to assist auditors in improving single audit quality.


3:30 – 3:40 p.m.

Change Break


3:40 – 4:40 p.m.

GAAP Update

Marci Thomas, CPA, CGMA, MHA, Loscalzo Institute

Over the last few years, the Financial Accounting Standards Board (FASB) has issued record numbers of accounting standards updates (ASU), with several of them having been part of its simplification efforts. Many have significant impact to nonprofits (NFPs), such as ASU 2016-14 which significantly changes nonprofit reporting and disclosures and ASU 2018-08 which impacts contributions made and contributions received (grants). This session will discuss these pronouncements as well as the AICPA’s NFP Revenue Recognition Task Force’s analysis of how ASU 2014-09 specifically impacts NFPs. We will also hit the high spots of recently issued ASUs to help you prepare for the changes that will be implemented now and over the next two to three years.

 This conference qualifies for the Workforce Training Express Fund program. The course code for this program is 1118108
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Scott Augenbaum

Scott Augenbaum

After joining the Federal Bureau of Investigation (FBI) in the New York Field Office in 1988 as a support employee, Scott Augenbaum became a special agent in 1994 and was assigned to the Syracuse, New York Office, where he worked domestic terrorism, white collar and hate crimes and all computer crime investigations. In October 2003, he was promoted to supervisory special agent at FBI Headquarters, Washington D.C in the Cyber Division, Cyber Crime Fraud Unit and was responsible for managing the FBI's Cyber Task Force Program and Intellectual Property Rights Program. In 2006 he was transferred to Nashville, TN and managed the FBI Memphis Division Computer Intrusion/Counterintelligence Squad in Nashville, TN.

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Richard Cole

Richard Cole

Rick Cole is a supervising project manager at the Financial Accounting Standards Board (FASB) where he provides oversight to projects involving nonprofit organizations (NFPs), consults on other projects affecting NFPs (e.g., restricted cash) and participates in some of the FASB’s broader outreach activities. He was the supervising project manager on the FASB’s recently issued Financial Statements of Not-for-Profit Entities Accounting Standards Update. In addition, he is currently on the Revenue Recognition of Grants and Contracts by Not-for-Profit Entities project team as well as the Financial Performance Reporting for business entities project team.

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Arlene Fortunato

Arlene Fortunato

Arlene Fortunato is senior vice president The Greater Boston Food Bank where she leads a team of 30 people and is responsible for fundraising, marketing communications, government relations, public affairs and public relations for the $40 million organization. She is also a member of the Senior Leadership Team reporting to the CEO. Fortunato has taught in the BU Questrom Graduate School of Management, Simmons College Graduate School of Communication Management and Graduate School of Social Work Urban Scholars Program. Her advice is frequently sought by Democratic candidates and she has been recognized for her contributions to the nonprofit sector as the MA AFP Development Professional of the Year, was elected to the YWCA Academy of Women Achievers and named among Top 10 Professional Coaches in Women’s Business Magazine.

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Kate Guedj

Kate Guedj

Kate Guedj is senior vice president and chief philanthropy officer at the Boston Foundation where she oversees the Foundation's development efforts and works with the Foundation’s donors to help them achieve their charitable and philanthropic goals. In addition, she provides management oversight to the Philanthropic Initiative.

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John Higgins

John Higgins

John Higgins, CPA, CITP is the co-founder of CPA Crossings, LLC, established in 2001, which specializes in helping accounting, tax and financial professionals leverage technology to increase the quality and efficiency of their services. He delivers over 100 presentations annually on a wide range of accounting industry related technology topics including Blockchain, big data, data analytics, cloud computing and all things Office 365. Some of his key accomplishments include induction into the AICPA Business & Industry Hall of Fame and selection as a top 25 thought leader for the accounting profession by CPA Practice Advisor magazine from 2011 through 2018.

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Richard Locastro

Richard Locastro

Mr.Locastrohasworkedinpublicaccountingsince1986,includingsixyearsinthetaxofficesofBigFourfirms.Hisclientsincludeprivatefoundations,colleges,universities,healthcareorganizations,museumsandotherlargenonprofitinstitutions.Hehasextensiveexperienceassistingclientswithunrelatedbusinessincometaxanalysis,privatefoundationexcisetaxes,Form990andForm990-Tpreparationandpresentation,intermediatesanctionsanalysis,paymentstoandfromcontrolledsubsidiaries,nonresidentalienwithholdingandreportingrequirements,foreigngranteeswithholdingrequirements,IRSdisputeresolution,exemptionapplicationassistanceandprivateletterrulingrequestsubmissions. Mr.Locastrooverseesthefirm’steamoftaxprofessionalswhoprovideconsultingandtaxcomplianceservicestomorethan500nonprofitorganizations.Hecoordinatestaxplanning,consultingservices,returnpreparationandrepresentationonIRSaudits,andfrequentlyspeaksatnationalconferences

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Margaret Thomas

Margaret Thomas

Marci Thomas, MHA, CPA, CGMA is an author and presenter on various nonprofit, healthcare and governmental topics to nonprofits, CPA firms and state societies of CPAs around the country. She also writes and teaches courses in governance, financial management, grants accounting, strategy and various operational topics. Additionally, Thomas is a clinical assistant professor in the School of Public Health at the University of North Carolina at Chapel Hill and is an adjunct professor at Emory University in the Goizueta Business School. She works with numerous accounting firms, performing quality control and efficiency reviews and with nonprofit boards on strategic planning, internal control and governance issues.

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Conference Credits

This course is 8.00 credits

Conference Fees

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AICPA Member

Conference Cost

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Note: This course has sessions associated with it, please select one topic within each session.


+ $399.00

01/24/19, 2:30pm – 3:30pm Must select one session per timeslot

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