Author: Corey Fick

Joyce Ripianzi, CPA, Lauren M. Duplin, CPA, and Amy Staunton, CPA, from AAFCPAS, will give the presentation about revenue recognition and grant management and systems to support those functions.

They are experts in the field of non-profit accounting and management including accounting solutions, best practices, auditing and compliance standards, and non-profit finance.

The presentation will touch on the following topics:

1)     The principles of non-profit revenue recognition

2)     Information about Systems that do some or all of the following:

• Collect the key data related to each grant (restrictions, conditions, whether it is a contribution or an exchange transaction) and appropriately code activity in the GL
• Determine and meet reporting and other requirements
• Separately record and report out on grant expenditures
• Apply approved indirect costs
• Calculate and release revenue from restricted to unrestricted and deferred to unrestricted (if applicable)
• Manage differences between the grant life and fiscal years
• Provide schedules for audit purposes
• Maintain grant records (proposals, award letters, reports, etc.)

Presentation Materials

This month we will have a panel of experts who will share their knowledge and experience on how to manage the working capital resources that keep your organization running on a day-to-day basis. In more practical terms, what strategies and tools can be used so that cash doesn’t sit idle in an operating checking account or a  low-interest bank savings account.  Our panel will include:

• Karen Kelley, Vice President of Operations, the McGovern Foundation
• Mark Paley, Director of Administration and Finance, the Hyams Foundation
• Todd Ellis, Managing Director of Client Accounting Services, Walter Shuffain CPAs
• Thatcher Freeborn, Managing Director, SVB a division of First Citizens Bank

Resources:

Cash Management Slides

Sample Cash Management Policy

Sample Investment Policy

Ronnie Meyers, a co-founder and broker on the Benefits Success Team at FH Insurance will present strategies for designing health benefits, and, in particular, health insurance plans.  Ronnie will share considerations for health benefit strategy, plan designs, customizing benefits to reflect organizational values, and creative use of tools, such as HRA’s, to address gaps or to further support employees’ well-being.  In addition to cost-savings, Ronnie will speak to ways your broker may be able to provide support both management and employees, including open enrollment presentations, individual guidance, serving as a resource throughout the year, and facilitating claims.

Presentation Materials

Come learn about the biggest cybersecurity risks businesses face today, the most common methods hackers & thieves use and what you can do to defend yourself and your organization.

Presenter: Mike Bistis is a Service Desk Manager at OunceIT. Mike joined OunceIT in November 2022 after 11 years of providing IT support for independent financial advisors. While his degree may be in Communication, he spent many of his formative years tinkering with PCs and small electronics, leading him to pursue a career in IT during undergrad.

Description: Over the years, Bridgespan has helped scores of nonprofits and NGOs learn about their RAPID® decision making framework.  The RAPID® framework can help your team create a shared language for decision roles and bring transparency to your decision processes. It helps clarify who provides input to a decision, who shapes the decision and ultimately decides on it, and who carries out the decision once it is made. Bridgespan has found it to be highly effective, and also easily adaptable to different situations, team sizes, and types of organizations

Presenter: Lindsey Waldron is a principal in Bridgespan’s Boston Office. She has worked with a variety of nonprofit and philanthropic clients on strategic planning and execution. She has also worked on the development and facilitation of Leading for Impact®, Bridgespan’s two-year consulting and capacity building program for nonprofit executive teams.  Prior to joining Bridgespan, Lindsey was a fellow with Education Pioneers, spent time in the classroom as both an English professor at a university in Santiago, Chile and as a Citizen Teacher in the Boston Public School System, and spent many years at PwC and Bain & Company.  Lindsey earned her MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Business Administration from the University of Richmond. 

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