Anita Lichtblau, of Casner and Edwards, gave an overview of the changes in federal regulations known at the Super Circular most likely to affect our members. The Super Circular consolidates and supersedes seven federal circulars. Our members may be most familiar with the A-133 audit circular, the A-122 cost principle circular, and the A-110 grant administrative circular.
As a financial manager, how do you measure success? How does your boss measure your success? Ideally, you and your boss have sat down and established meaningful, measurable, challenging annual goals for you to achieve – however, that doesn’t always happen. HR Consultant Gordon Gottlieb facilitated a discussion on how performance evaluations get played out at different nonprofits, and how to think about setting goals for CFOs, other finance staff and for the rest of the organization. Gordon has many years of experience working as an HR consultant and currently works only with nonprofit and public entity clients.
Although spreadsheets are a CFO’s best friend, the stakeholders of a nonprofit need more than columns of numbers to understand a nonprofit’s financial story. Edward Mulherin, Founder and CEO of e-Cratchit, gave a presentation about innovative approaches to financial storytelling that will keep the attention and interest of your board, institutional funders and other stakeholder audiences. Edward is a CPA and a lawyer with over 30 years of experience in finance and accounting, first as an auditor and then, for the past 15 years, as CEO of e-Cratchit, which provides outsourced CFO and accounting, mainly web-based services, across the country to approximately 60 nonprofit companies. Read More
Russell Greenwald, Vice President and Director of Insource’s Technology Consulting Practice, shared his experiences with online donation systems with those in attendance. Through demonstrations and process review, he showed the group how to attract more donors, save staff time, and gather better metrics. Russell serves as CIO for many of Insource’s Technology clients and is backed by a talented team of staff and partners and has been with Insource for the past 13 years.
Executive compensation is a critical area of governance for all nonprofits. Compensation and benefits are expected to be reasonable in order to avoid excess compensation for any one individual but what does that mean and how does a nonprofit know whether their compensation package would be considered reasonable in the event of an IRS audit or the press?