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2024 Nonprofit Finance & Accounting Academy

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(Check-In 8:00am)

American Physical Therapy Association

3030 Potomac Avenue
Alexandria, VA 22305

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8.00 Credits

Member Price $325.00

Non-Member Price $375.00

Overview

Join the Greater Washington Society of CPAs for our Nonprofit Finance & Accounting Academy. This comprehensive one-day conference is tailored for individuals relatively new to the nonprofit industry or those seeking to enhance their understanding of the distinctive accounting, reporting, and compliance requirements that define the nonprofit sector. By attending this conference, participants from both public accounting firms and nonprofit organizations will gain insights into nonprofit accounting, revenue recognition, financial reporting, auditing, and tax topics, delving deeper into some specific subjects. In addition to 8 hours of valuable CPE, attendees will have the opportunity to network with other participants during lunch and break times.

Topics include:

  • Introduction to Nonprofits 
  • Nonprofit Financial Reporting- a Deeper Dive
  • Nonprofit Revenue Recognition
  • The Lifecycle of a Nonprofit Audit
  • Audit Procedures In-depth
  • Understanding the numbers
  • Internal Controls and Technology

Format: Hybrid (In-person and virtual)

Group Discounts:
Groups of 3 or more, take 10% off (promo code GROUP3)
Groups of 5 or more, take 15% off (promo code GROUP5) 

Prerequisites

None

Objectives

Attendees will gain insights into nonprofit accounting, revenue recognition, financial reporting, auditing, and tax topics, delving deeper into some specific subjects.

Preparation

None

Thursday, March 21, 2024

Optional Session

8:00am - 8:30am Registration and Breakfast

This session is available to registrants only.

Optional Session

8:30am - 8:40am Welcome and Announcements

This session is available to registrants only.

Optional Session

8:40am - 9:30am Introduction to Nonprofits

Lisa Heller, Principal, GRF CPAs & Advisors

Lisa Heller

Lisa has over 25 years of experience working with tax-exempt organizations. Over the course of her career, she has helped countless exempt organizations with their tax compliance and advisory needs. As a subject matter expert in the field, she has worked with hospitals and healthcare organizations, research associations, private schools, social welfare organizations, membership and trade associations, public charities, and private foundations. She has also worked with small to midsized businesses and with individuals, which allows her to bridge the gap between tax-exempt organizations and for-profit operations. Lisa has extensive experience assisting clients with Form 990 and 990-T filings, exemption applications, IRS examinations, lobbying and political activities, unrelated business income analysis, taxable subsidiaries and related entities, private foundation excise tax matters, and COVID-19 tax relief provisions. Lisa frequently writes and speaks on topics relevant to the world of tax-exempt organizations. She is a past chair of the GWSCPA Nonprofit Symposium, and she serves on the AICPA Exempt Organizations Tax Technical Resource Panel.

Calvin Marks, Principal, Johnson Lambert LLP

Calvin Marks

Calvin is a Principal with 16 years’ experience at Johnson Lambert LLP, a niche-focused firm specializing in insurance, nonprofits, and employee benefit plans. Calvin leads the firms’ Nonprofit and Employee Benefits Tax & Compliance Group, serving clients ranging from small local charities to prominent national trade associations and employee benefit plans of all sizes.

Attendees will be given a comprehensive analysis of the differences between nonprofit and for-profit entities, including their mission, stakeholders, financial statements and tax treatment. We will also provide incisive guidance on the main types of nonprofits and the particular features and restrictions of their tax-exempt status.

Credits: 0.5 - Business Mgt & Org

Credits: 0.5 - Taxes

This session is available to registrants only.

Optional Session

9:30am - 10:45am Nonprofit Financial Reporting- a Deeper Dive

Diana Connolly, Director, Professional Practice, O'Connor Consulting Services, LLC

Diana Connolly

Diana has served not-for-profit organizations throughout her career. For ten years, she worked as an auditor in public accounting, with a wide-ranging slate of clients, particularly focused on the not-for-profit and healthcare industries. More recently, she spent four years at National Geographic Society as a Director of Corporate Finance, responsible for accounting for the Society’s not-for-profit activities. Diana holds a Bachelor of Science in Business Administration with majors in Accounting and Management from Washington University in St. Louis and is a Certified Public Accountant licensed in the State of Florida. She joined OCS in 2016 and helps to lead the firm’s Professional Practice Group, focused on supporting the implementation of new accounting standards and providing technical GAAP guidance to OCS clients.

Attendees will be given a comprehensive guide to the composition of nonprofit financial statements and the specific terminology used for different items. In addition, the session will cover the relationship between the different statements, common errors to look out for, the most common footnotes and the items to be included in each.

Credits: 1.5 - Accounting

This session is available to registrants only.

Optional Session

10:45am - 11:00am Break

This session is available to registrants only.

Optional Session

11:00am - 11:50am Nonprofit Revenue Recognition & Expenses Allocation

Douglas Boedeker, Partner, Marcum Accountants & Advisors

Douglas Boedeker

Doug Boedeker is a partner in the Assurance Services Division in Marcum’s Washington, DC office. Doug has worked exclusively with nonprofit organizations for more than 25 years and has a nuanced understanding of the unique challenges they face. In addition to client services, he shares his knowledge on topics pertaining to nonprofit organizations at national and local conferences.

Prior to joining Marcum in 2022, Doug was an assurance partner at another national accounting firm, where he helped grow the firm from about 10 associates to over 150 professionals dedicated solely to serving the nonprofit community.

Doug takes great pride in being able to draw on his years of specialized experience in order to guide and educate nonprofits on topics such as, application of accounting standards, internal control design, endowments and reserves, intercompany transactions, and federal grant compliance.

Attendees will gain a robust understanding of nonprofit revenue recognition for grants and contributions and exchange transactions, so that they will be able to determine if a particular revenue stream meets the applicable criteria and when to recognize revenue. The session will use examples of grant agreements and contracts to clearly demonstrate and work through different scenarios.

Credits: 1 - Accounting

This session is available to registrants only.

Optional Session

11:50am - 12:50pm Lunch

This session is available to registrants only.

Optional Session

12:50pm - 1:40pm The lifecycle of a Nonprofit Audit

Alexander Buchholz, Partner, PKF O'Connor Davies LLP

Alexander Buchholz

Alexander K. Buchholz, CPA, MBA, CGMA is an Audit Partner in the Not-for-Profit and Health Care Practices of PKF O’Connor Davies, LLP. Alexander has twenty years of experience in public accounting. His areas of specialty include audits of not-for-profit entities, health care entities, cost reporting as applicable to health care and not-for-profit entities, and Single Audits conducted in accordance with the Uniform Grant Guidance. Alexander is also an adjunct professor of accounting within the City University of New York. Alexander also serves on a number of professional and academic affiliations and is a board member of the New York State Education Department State Board for Public Accountancy. Alexander’s journal publications have covered accounting, audit, tax and education topics and he has presented on both a professional and academic level.

Attendees will go through a comprehensive timeline for the audit of a nonprofit organization, starting with client communication during planning, preliminary risk assessments, PBC request lists and sample selection, followed by audit fieldwork and internal review, and finally the issuance of draft audit deliverables and communication with management and governance.

Credits: 1 - Auditing

This session is available to registrants only.

Optional Session

1:40pm - 2:55pm The Audit

Brian Morgan, Senior Manager, Grant Thornton LLP

Brian Morgan

Brian Morgan is a fully-dedicated Senior Manager in Grant Thornton’s Metro DC Not-For-Profit Practice and has 14 years of public accounting experience. He has managed audits under AICPA, GAGAS, and Uniform Guidance standards, conducted agreed-upon procedures engagements, and presented on topics such as artificial intelligence and lessons learned in applying ASC 606. Brian also advises not-for-profit organizations on implementation of new accounting standards, improving financial reporting processes and controls, and navigating the impact of new laws and regulations. Brian is a licensed Certified Public Accounting in New York and Virginia and earned his Masters in Professional Accounting from the University of Texas at Austin.

Attendees will gain a thorough technical knowledge of audit procedures relating to key categories of nonprofit assets, liabilities, revenues and expenses, including case studies and working through testwork. This session will not only allow auditors to improve their technical knowledge, but will provide nonprofit finance and accounting personnel with a detailed understanding of the procedures that auditors perform, thus giving them an invaluable insight into how auditors think, the procedures they perform and how best to prepare for a smooth, efficient and successful audit.

Credits: 1.5 - Auditing

This session is available to registrants only.

Optional Session

2:55pm - 3:10pm Break

This session is available to registrants only.

Optional Session

3:10pm - 4:00pm Understanding the numbers

Patricia Johnson, Director, O'Connor Consulting Services, LLC

Patricia Johnson

Trish is a senior financial leader with more than 15 years of experience in strategic planning, project management, and team development. Trish has recently joined OCS after serving as a consultant and interim CFO to not-for-profit organizations. Prior to that time, she served in the roles of CFO, Controller, and Senior Director for several large not-for-profit organizations in the Washington, DC area. Trish has significant experience with financial system implementations, managing audit engagements, financial reporting, 990 tax filings, budgeting and forecasting, internal controls analysis, and process improvement. Trish earned a Master of Science in Accounting and a Graduate Certificate in Forensic Accounting from George Mason University and a Master of Education from University of Mary Washington. She is an adjunct professor at George Mason University and Northern Virginia Community College, where she teaches accounting and finance.

What do the numbers mean and how can you interpret them to provide the best understanding and insight into a nonprofit’s financial status, liquidity and availability of financial assets, and efficiency of operations? Attendees will work through a case study to inspect key items in a nonprofit’s financial statements, calculate key ratios, and interpret them to give meaningful and insightful results.

Credits: 1 - Specialized Knowledge

This session is available to registrants only.

Optional Session

4:00pm - 4:50pm Internal Controls and Technology

Patricia Katebini, Audit Partner, GRF CPAs & Advisors

Patricia Katebini

Tricia Katebini has spent her career in public accounting, specializing in the nonprofit sector since 2007. As an audit partner, she is in charge of and responsible for the planning and managing of financial statement audits and Single Audits, when applicable. Ms. Katebini has served a range of nonprofit clients including charities, foundations, private schools, and associations, and has presented results to management and the board of directors. Ms. Katebini also advises organizations on internal control best practices, as well as other accounting and operational areas critical to the organization’s financial health.

A seasoned speaker on technical accounting and tax topics affecting nonprofits, Ms. Katebini has presented at AICPA, MACPA, GWSCPA, and other accounting and nonprofit industry conferences. She has built a strong reputation for serving as a key advisor to nonprofit organizations in the Greater Washington, D.C. and Baltimore areas. Her nonprofit audit experience includes proficiency in technical accounting issues and the requirements of Uniform Guidance. She also provides valued guidance to clients on new accounting pronouncements.

In addition to audit and assurance, Ms. Katebini’s background also includes knowledge of technical tax issues for nonprofit organizations including unrelated business income and state nexus issues. Her work across a wide range of accounting, tax, and compliance concerns allows Ms. Katebini to bring clients a holistic view of their operations.

Ms. Katebini currently serves on the AICPA’s Joint Trial Board, a wellrespected position within the CPA community. She was also named a 2021 Woman to Watch and received the Maryland Association of CPAs’ 2022 Max Teichmann Award. Ms. Katebini is a proud member of GRF’sWomen on the Move, the firm’s women’s leadership initiative.

The session will provide a comprehensive understanding of the components a nonprofit’s internal controls, including the design and implementation, operating effectiveness, and the identification and resolution of deficiencies in controls. Attendees will also learn about the latest technological developments affecting nonprofit finance and accounting, and the key policies and procedures that nonprofits need to have in place and why.

Credits: 0.5 - Information Tech

Credits: 0.5 - Auditing

This session is available to registrants only.

Optional Session

4:50pm - 5:00pm Closing Remarks

This session is available to registrants only.

Leader(s):

Leader Bios

Alexander Buchholz, Partner, PKF O'Connor Davies LLP

Alexander K. Buchholz, CPA, MBA, CGMA is an Audit Partner in the Not-for-Profit and Health Care Practices of PKF O’Connor Davies, LLP. Alexander has twenty years of experience in public accounting. His areas of specialty include audits of not-for-profit entities, health care entities, cost reporting as applicable to health care and not-for-profit entities, and Single Audits conducted in accordance with the Uniform Grant Guidance. Alexander is also an adjunct professor of accounting within the City University of New York. Alexander also serves on a number of professional and academic affiliations and is a board member of the New York State Education Department State Board for Public Accountancy. Alexander’s journal publications have covered accounting, audit, tax and education topics and he has presented on both a professional and academic level.

Return to Top

Brian Morgan, Senior Manager, Grant Thornton LLP

Brian Morgan is a fully-dedicated Senior Manager in Grant Thornton’s Metro DC Not-For-Profit Practice and has 14 years of public accounting experience. He has managed audits under AICPA, GAGAS, and Uniform Guidance standards, conducted agreed-upon procedures engagements, and presented on topics such as artificial intelligence and lessons learned in applying ASC 606. Brian also advises not-for-profit organizations on implementation of new accounting standards, improving financial reporting processes and controls, and navigating the impact of new laws and regulations. Brian is a licensed Certified Public Accounting in New York and Virginia and earned his Masters in Professional Accounting from the University of Texas at Austin.

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Calvin Marks, Principal, Johnson Lambert LLP

Calvin is a Principal with 16 years’ experience at Johnson Lambert LLP, a niche-focused firm specializing in insurance, nonprofits, and employee benefit plans. Calvin leads the firms’ Nonprofit and Employee Benefits Tax & Compliance Group, serving clients ranging from small local charities to prominent national trade associations and employee benefit plans of all sizes.

Return to Top

Diana Connolly, Director, Professional Practice, O'Connor Consulting Services, LLC

Diana has served not-for-profit organizations throughout her career. For ten years, she worked as an auditor in public accounting, with a wide-ranging slate of clients, particularly focused on the not-for-profit and healthcare industries. More recently, she spent four years at National Geographic Society as a Director of Corporate Finance, responsible for accounting for the Society’s not-for-profit activities. Diana holds a Bachelor of Science in Business Administration with majors in Accounting and Management from Washington University in St. Louis and is a Certified Public Accountant licensed in the State of Florida. She joined OCS in 2016 and helps to lead the firm’s Professional Practice Group, focused on supporting the implementation of new accounting standards and providing technical GAAP guidance to OCS clients.

Return to Top

Douglas Boedeker, Partner, Marcum Accountants & Advisors

Doug Boedeker is a partner in the Assurance Services Division in Marcum’s Washington, DC office. Doug has worked exclusively with nonprofit organizations for more than 25 years and has a nuanced understanding of the unique challenges they face. In addition to client services, he shares his knowledge on topics pertaining to nonprofit organizations at national and local conferences.

Prior to joining Marcum in 2022, Doug was an assurance partner at another national accounting firm, where he helped grow the firm from about 10 associates to over 150 professionals dedicated solely to serving the nonprofit community.

Doug takes great pride in being able to draw on his years of specialized experience in order to guide and educate nonprofits on topics such as, application of accounting standards, internal control design, endowments and reserves, intercompany transactions, and federal grant compliance.

Return to Top

Lisa Heller, Principal, GRF CPAs & Advisors

Lisa has over 25 years of experience working with tax-exempt organizations. Over the course of her career, she has helped countless exempt organizations with their tax compliance and advisory needs. As a subject matter expert in the field, she has worked with hospitals and healthcare organizations, research associations, private schools, social welfare organizations, membership and trade associations, public charities, and private foundations. She has also worked with small to midsized businesses and with individuals, which allows her to bridge the gap between tax-exempt organizations and for-profit operations. Lisa has extensive experience assisting clients with Form 990 and 990-T filings, exemption applications, IRS examinations, lobbying and political activities, unrelated business income analysis, taxable subsidiaries and related entities, private foundation excise tax matters, and COVID-19 tax relief provisions. Lisa frequently writes and speaks on topics relevant to the world of tax-exempt organizations. She is a past chair of the GWSCPA Nonprofit Symposium, and she serves on the AICPA Exempt Organizations Tax Technical Resource Panel.

Return to Top

Patricia Johnson, Director, O'Connor Consulting Services, LLC

Trish is a senior financial leader with more than 15 years of experience in strategic planning, project management, and team development. Trish has recently joined OCS after serving as a consultant and interim CFO to not-for-profit organizations. Prior to that time, she served in the roles of CFO, Controller, and Senior Director for several large not-for-profit organizations in the Washington, DC area. Trish has significant experience with financial system implementations, managing audit engagements, financial reporting, 990 tax filings, budgeting and forecasting, internal controls analysis, and process improvement. Trish earned a Master of Science in Accounting and a Graduate Certificate in Forensic Accounting from George Mason University and a Master of Education from University of Mary Washington. She is an adjunct professor at George Mason University and Northern Virginia Community College, where she teaches accounting and finance.

Return to Top

Patricia Katebini, Audit Partner, GRF CPAs & Advisors

Tricia Katebini has spent her career in public accounting, specializing in the nonprofit sector since 2007. As an audit partner, she is in charge of and responsible for the planning and managing of financial statement audits and Single Audits, when applicable. Ms. Katebini has served a range of nonprofit clients including charities, foundations, private schools, and associations, and has presented results to management and the board of directors. Ms. Katebini also advises organizations on internal control best practices, as well as other accounting and operational areas critical to the organization’s financial health.

A seasoned speaker on technical accounting and tax topics affecting nonprofits, Ms. Katebini has presented at AICPA, MACPA, GWSCPA, and other accounting and nonprofit industry conferences. She has built a strong reputation for serving as a key advisor to nonprofit organizations in the Greater Washington, D.C. and Baltimore areas. Her nonprofit audit experience includes proficiency in technical accounting issues and the requirements of Uniform Guidance. She also provides valued guidance to clients on new accounting pronouncements.

In addition to audit and assurance, Ms. Katebini’s background also includes knowledge of technical tax issues for nonprofit organizations including unrelated business income and state nexus issues. Her work across a wide range of accounting, tax, and compliance concerns allows Ms. Katebini to bring clients a holistic view of their operations.

Ms. Katebini currently serves on the AICPA’s Joint Trial Board, a wellrespected position within the CPA community. She was also named a 2021 Woman to Watch and received the Maryland Association of CPAs’ 2022 Max Teichmann Award. Ms. Katebini is a proud member of GRF’sWomen on the Move, the firm’s women’s leadership initiative.

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Non-Member Price $375.00

Member Price $325.00