American Institute of CPAs

Forty-three states and the District of Columbia regulate the solicitation of charitable donations. The registration requirements vary widely from one state to the next and regulators within a state often interpret the law differently. As such, the regulations are a moving target that must be closely monitored. Navigating the maze of the registration and reporting requirements is often a daunting experience for nonprofits and their fundraisers and cause-marketing partners. In this session participants will be provided a road map including vital information about the registration, reporting and disclosure obligations under the various states’ solicitation laws.

Learning Objectives:

Identify Charitable Fundraising Requirements
Recognize Compliance with State Registration Obligations

Speaker(s):

Tracy L. Boak, J.D., Attorney/Partner, Perlman & Perlman, LLP

Tags:

TAX

Category: Concurrent Session Onsite and Online

The Art of Charts: Choosing the Right Visualization To Tell Your Story: Sponsored by Your Part-Time Controller, LLC

Jun 20, 2023 8:00am ‐ Jun 20, 2023 8:50am

Identification: NOT23SS02

You are probably familiar with the phrase, “A picture is worth a thousand words.” Do you have data but struggle with how best to depict the story the data is telling? Join us for this glimpse into the power of data visualization, during which we will share tips, techniques, and examples of effective storytelling graphics. Additionally, we will discuss the general best practices for graphic design in the context of data visualization.

Learning Objectives:

Recognize core concepts and essential elements that contribute to effective data visualization and storytelling graphics.
Distinguish between different types of commonly used charts.
Recognize which chart types to select based on the data and the story that needs to be told.
Distinguish data visualization storytelling through case study examples.

Speaker(s):

William A. Schwab, CPA, CGMA, Data Visualization Manager, Your Part-Time Controller, LLC
Edwin Harvey, Manager, Your Part-Time Controller, LLC

Category: Concurrent Session Onsite and Online

Mission-Critical: Elevating the Role of the Nonprofit Finance Leader Sponsored by Sage Intacct, Inc.

Jun 20, 2023 8:00am ‐ Jun 20, 2023 8:50am

Identification: NOT23SS01

Your role as a nonprofit finance leader has changed. No longer the head accountant, your position as a data-driven strategist has become critical to your mission. But to drive your mission forward, you need fact-based data analytics to provide lines of sight across the organization and enable you to make informed decisions in real time. Join us for this session as we discuss the changing role of nonprofit finance leadership, share best practices for delivering data-driven strategies that enable mission-critical decision-making, and tell the success stories of CFOs who use data-driven strategies to advance their mission. SPONSORED BY SAGE

Learning Objectives:

Recognize key challenges and pain points from your peers
Identify desired changes in the role of the nonprofit finance leader
Determine best practices for delivering data driven strategies
Indicate how successful nonprofit CFOs are using data-driven strategies to advance their mission

Speaker(s):

Natalie Anderson, Sr. Nonprofit Industry Marketing Manager, Sage Intacct, Inc.

Tags:

Specialized Knowledge CGMA

Category: Concurrent Session Onsite and Online

Welcome and Opening Keynote Presentation: Connectable: How to Move Multi-Generational Teams From Isolated to All In

Jun 20, 2023 9:05am ‐ Jun 20, 2023 10:05am

Identification: NOT2301

Connection is the workplace currency of the future. This session will teach you how to harness better human connection for improved communication and collaboration across generations. Remote work, advancing technology, and an always-on work culture are fracturing our relationships resulting in deep disconnection...especially across generations. Feelings of isolation and disconnection among employees are on the rise and contribute to a real and growing team challenges. You’ll learn how addressing the issues―and finding practical, effective solutions―can transform an isolated cross-generational workforce to one that’s happier, more engaged, and more productive in their efforts. Combining a decade of generational consulting and firsthand workplace connection research, Ryan Jenkins distills everything you need, showing you what’s causing today’s disconnection and how you can increase connection to boost belonging, engagement, retention, and performance with employees at every level (and whether their in-person or remote).

Learning Objectives:

Distinguish the new science and the significance of connection.
Identify strategies that are proven and actionable to cultivate stronger cross-generational connections.
Analyze the research and examples of individuals fostering better multi-generational connections at work.
Identify workers in need of connection and how to deliver it for them.
Determine techniques to create connected, driven and high-performing teams.

Speaker(s):

Ryan Jenkins, CSP, WSJ Bestselling Author & Speaker, RyanJenkins.com

Category: Conference Keynote Onsite and Online

Common Errors in NFP Financial Statements... And How to Avoid Them

Jun 20, 2023 1:30pm ‐ Jun 20, 2023 2:45pm

Identification: NOT2304

Learn how, with a little extra planning and preparation, you can avoid common errors that not-for-profits make in their financial statements. In this session, we will explore some of the most common, material errors encountered in not-for-profit financial statements and what you can do to avoid those common errors.

Learning Objectives:

Identify the most common errors found in not-for-profit financial statements.
Determine the impact errors could have on not-for-profit financial statements.
Analyze best practices to avoid common errors.

Speaker(s):

Ksenia Popke, CPA, JD, Partner, Eide Bailly LLP
Jennifer Casacchia, CPA, Director, Not-for-Profit and Higher Education Practices, SIKICH LLP

Tags:

A and A

Category: Concurrent Session Onsite and Online

Single Audit Update

Jun 20, 2023 1:30pm ‐ Jun 20, 2023 2:45pm

Identification: NOT2305

Single audits continue to be a hot topic for not-for-profits. Federal funding subject to single audit continues at historic levels and, while winding down, COVID-19 funding continues to be subject to audit for many entities. This session will cover the following important topics:

Learning Objectives:

Recognize Key Information in the 2023 OMB Compliance Supplement
Recall how to access GAQC/AICPA Resources
Determine Federal funding nuances and implications
Identify Single Audit updates and reminders
Recognize Key Information in the 2023 OMB Compliance Supplement

Speaker(s):

Mary Foelster, CPA, CGMA, Senior Director, Governmental Auditing and Accounting, AICPA
Kim McCormick, CPA, Partner, Audit Services, Grant Thornton
Lindsey Oakley, CPA, Partner, FORVIS

Tags:

Yellow Book

Category: Concurrent Session Onsite and Online

Deploying 501(c)(4) to Maximize Impact

Jun 20, 2023 1:30pm ‐ Jun 20, 2023 2:45pm

Identification: NOT2306

501(c)(4) organizations are being deployed in more creative and impactful ways. From political organizations to charitable giving vehicles, a 501(c)(4) allows for flexibility in operations and structure. In this session, we'll dive into the 501(c)(4) world to learn more about the rules, requirements, opportunities and limitations of this type of tax exemption

Learning Objectives:

Distinguish the characteristics of 501(c)(4) organizations, including current laws, regulations, guidance and court cases applicable to the tax exemption
Determine the process for establishing and maintaining tax exemption under 501(c)(4)
Analyze gift and estate tax implications of contributions of property and cash to a 501(c)(4) organization
Compare historic uses of the 501(c)(4) tax exemption to recent uses in philanthropy

Speaker(s):

Lauren Haverlock, CPA, Partner, Moss Adams
Richard J. Locastro, CPA, JD, Partner, Director Non-Profit Tax, GRF CPAs & Advisors
Diara Holmes, CPA, Partner, Loeb & Loeb LLP

Tags:

TAX

Category: Concurrent Session Onsite and Online

Once Upon a Time - Telling Your Financial Story

Jun 20, 2023 1:30pm ‐ Jun 20, 2023 2:45pm

Identification: NOT2308

This session will focus on effective ways a not-for-profit organization can tell its story to all constituents. It will address how to communicate mission-related and financial information to board members and other lay people and educate stakeholders on how to read financial statements. It will also discuss how to use recent changes in standards and disclosures to your organization’s advantage.

Learning Objectives:

Identify practices to present meaningful and easily understood decision-making information
Determine how to share organizational successes and challenges internally and externally
Identify methods to inform board members and others as to how to utilize and understand financial statements/information
Select various tools, opportunities, and techniques you can utilize to tell your financial story

Speaker(s):

Carolyn Mollen, CPA, Vice President, Finance & Administration, Resources for the Future
Christina Karahalios, Chief Financial and Operating Officer, Museum of the Moving Image
Paul Chobanian, CPA, Vice President of Finance, Plan International USA

Tags:

Specialized Knowledge CGMA

Category: Concurrent Session Onsite and Online

Investment Panel – Managing an Endowment Through Potential Recession, Inflationary Pressures, and Rising Interest Rate Environment Sponsored by Bank of America Merrill

Jun 20, 2023 1:30pm ‐ Jun 20, 2023 2:45pm

Identification: NOT23SS04

The last year has been challenging for all investment committees and CFOs – 2022 brought us one of the first years on record in recent history where both the equity and fixed income markets were down double digits. Spending policies and many investment policies have been called into question – leading to indecision and lagging returns even as markets begin to rebound. Join us for an in-depth look as we examine the underlying current fundamentals of the economy and the markets and how to best position to the entities portfolio to take advantage of the opportunities in the market going forward. Our Panel will examine – ESG, Alternative Assets, sectors of the global economy to outperform and international markets.

Learning Objectives:

Compare current fundamentals of the economy and the markets.
Determine how to best position investments to take advantage of the opportunities in the market.
Analyze ESG, Alternative Assets, sectors of the global economy to outperform and international markets for investment strategies.
Determine the role Alternative Assets, including Private Credit, Hedge Funds, and Private Equity, can play in the overall performance and risk management of an endowment portfolio.

Moderator(s):

John Amirante, CIMA®, CFP ®, CPFA®, CAP®, Senior Portfolio Advisor - Senior Financial Advisor, Merrill Lynch Wealth Management - The Beacon Group

Speaker(s):

Jeff Schulze, CFA, Director, Head of Economic and Market Strategy, ClearBridge Investments
Natalie De La Calle-Tremblay, Alternative Investments Specialist, Merrill, a Bank of America Company
Dimple Gosai, CFA, Head of U.S. Environmental, Social and Governance (ESG) Research, Bank of America Global Research

Category: Concurrent Session Onsite and Online

The SEFA - How to Get it Right

Jun 20, 2023 3:15pm ‐ Jun 20, 2023 4:05pm

Identification: NOT2310

Ensuring that the SEFA is correct is a crucial part of complying with the Uniform Guidance audit requirements, including determining whether a single audit is required or not and determining which programs need to be audited. Changes to existing federal program funding and new funding opportunities that emerged as a result of COVID-19 introduced challenges to getting this right that still exist. This session will cover a short refresher on the basics, as well as additional necessary considerations resulting from expanded federal funding, that organizations receiving federal funding and auditors should be aware of related to SEFA reporting.

Learning Objectives:

Determine the requirements of SEFA reporting, including recognizing those stemming from expanded federal funding
Apply knowledge gained to auditing the SEFA
Distinguish common SEFA issues identified during Uniform Guidance audits
Identify tools and resources available to assist in confirming that the SEFA is right

Speaker(s):

Ms. Rachel M. Stushek, CPA, Professional Practice Director, Grant Thornton LLP
Sadie Mayle, CPA, Senior Manager, Plante Moran