7:30 - 8:00 Registration & Continental Breakfast
8:00 - 8:05 Welcome - Jackie Eckman, Conference Committee Chair
8:05 - 9:20 Ethical Risk in Nonprofits and How Accountants Can Help
Marianne Jennings, W.P. Carey School of Business
Over the past year, nonprofits ranging from symphonies to Silicon Valley charities to colleges and universities have made headlines for everything from reckless spending to toxic cultures to embezzlement. Often, in the name of their good causes, administrators in nonprofits cross ethical lines, and those lines nearly always involve funds. In nonprofits, auditors and accountants may serve the dual function of ethics and compliance. Learn how they can help their leaders steer a clear ethical course.
9:20 - 9:25 Room Change
9:25 - 10:15 Concurrent Sessions 1
How Not-for-Profit Organizations Can Prepare for the New Leasing Standard
Allan Klose, CBIZ MHM, LLC
Changes to leasing under ASC Topic 842, Leases, are on their way. Not-for-profit organizations need to get started on their implementation plans early so they are prepared for the balance sheet and other impacts that the new standard will have on their operations. This session will cover the specific considerations for adoption for the nonprofit sector and the steps organizations can take now to ensure a smooth transition.
Nonprofit Number Wrangling
Carolyn Sechler, Sechler Morgan CPAs PLLC
Keep your accounting records in good order. This interactive session will review differences between traditional accounting and nonprofit accounting regarding payroll, cash versus accrual options and monthly and annual timeline reminders to keep you on track and reporting to your board.
The Wonder and Mystery of the IRS Form 990
Brenda Blunt, Eide Bailly LLP
We will survey the 12 illuminating pages of the 2018 IRS form 990, pointing out some of the more wonderous and mysterious aspects of this crucial form. In this basic class, we will include plenty of time for questions and encourage submitting questions in advance. Please send your questions to firstname.lastname@example.org (Subject: Wonder - 990), and we will discuss as many of your questions as time allows.
10:15 – 10:35 Networking Break
10:35 – 11:25 Concurrent Sessions 2
Functional Expense Allocation Changes
Sarah Zelhart, Make-A-Wish America
Are you prepared for ASU 2016-14? Since this new reporting standard will impact all NFP organizations in some way, now is a great time for a refresher on the current accounting rules. This session will dive into definitions of the functional classifications, common methods of allocating expenses and more.
Payroll Reporting in a Shared Employee Environment
Brenda Blunt, Eide Bailly LLP
Many organizations have multiple related entities, including limited liability companies. Employees may be assigned to one or more of the entities, move fluidly back and forth, and maybe someone just picked an entity to report all the payroll because it is easy and convenient. It seems like as long as it all gets reported, it doesn't matter – but it does. We will be discussing leased and shared employees and common paymaster arrangements. Additionally, we will cover the use of management companies, including who is responsible for payroll and how these structures impact payroll and IRS form 990 reporting.
Cover Your Assets: Internal Controls for Any Size Nonprofit
Lisa Stevenson, Stevenson, CPA LLC
Jill Foley, Four Leaf Financial & Accounting
Typical nonprofit organizations lose about five percent of annual revenue to fraud. The median time a fraud scheme goes undetected is 18 months. Less than half of fraud money will ever be recovered. Is there fraud going on in your organization? Don’t let this be you. Join us for a discussion on how to prevent and detect potential fraud with adequate internal controls, including segregations of duties, policies, procedures and action items for management and board members.
11:25 – 11:30 Room Change
11:30 – 12:20 Concurrent Sessions 3
Dashboards & Data Analytics: Using Data to Drive Greater Social Impact in Our Communities
Dave Paddison, Impact Analytics
Leaders of nonprofits will learn the importance of fostering a "data-driven" culture in their organization in order to increase the effectiveness of their services and to maximize the impact that their mission has on the community. A case study will be presented to illustrate how one nonprofit organization successfully implemented an analytics program, highlighting the obstacles, failures and highpoints of the process. The learning objectives of this session are to understand the three pillars of data analytics (leadership, tools, processes). By understanding how data analytics are influencing funding decisions, nonprofits can use data to make continuous quality improvements.
Economic Update: Impact of Tax Law Changes on Nonprofits
Anthony Evans, Seidman Research Institute
What Not-for-Profits Gain (or Lose) Under Tax Reform
Amy O’Loughlin, CBIZ MHM, LLC
Provisions of the 2017 Tax Cuts and Jobs Act have had a significant tax effect on not-for-profit organizations. The changes include unrelated business income tax on certain employee benefits (including employer provided parking) and segregation of unrelated trade or businesses to prevent offsetting income from one line of business with losses from another line of business. A tax on excess executive compensation are among some of the provisions of the new law.
12:20 – 1:20 Lunch
1:20 – 2:10 Concurrent Sessions 4
Nick Mortensen, Eide Bailly LLP
You have heard about them, but what are they, really? Cryptocurrency, big data, AI: fact or fad? This session will provide a basic introduction about what these new technologies are, how they might be used to advance your mission and how to access them and/or learn more.
To Record or Not to Record?
Tracey Bible, Your Part-Time Controller, LLC
Explore the latest revenue and contributions guidance. We will cover recognition of contributions with donor-imposed restrictions and those without. You will also learn how to distinguish contributions from exchange transactions in this interactive session.
Basic Taxes for Tax Exempt Organizations
Michael Payne, Payne Financial, PLC
Chad Huebsch, Huebsch Financial LLC
Just as “not-for-profit” doesn’t mean organizations cannot be profitable, “tax-exempt” doesn’t mean organizations pay no tax. We will survey in plain language the various federal and state taxes (and exemptions) as they might apply to an Arizona nonprofit organization, including unrelated business income, excess compensation excise tax, nonprofit parking tax, private foundation excise taxes, transaction privilege tax, use tax, property tax, payroll tax, bingo tax and unclaimed property, as well as state credits available to donors.
2:10 – 2:25 Networking Break
2:25 – 3:15 Concurrent Sessions 5
Adoption Stories: A Discussion on the Implementation of FASB 2016-14
Panel w/ Kathy Gerhart, State Bar of Arizona
Join us for an interactive panel discussion with members of our nonprofit community who have already implemented FASB 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. The panelists will share how they decided between various presentation options, what changes (if any) they made to any internal systems, any reactions they’ve received from their financial statement users, as well as any things they may change in future years
Am I Still a Target for Cyber Fraud?
Mike Nyman, CLA (CliftonLarsenAllen) LLP
Cyber fraud is on the rise! With events occurring daily, the term has grown to cover a wide range of criminal activity. How quickly can you recognize and respond to an attack? Listen to what methods the latest attackers are using and what defensive measures you can take.
Best Practices for Protecting Your Nonprofit Status
Robert Erven Brown, Schmitt Schneck Casey Even & Williams, P.C.
Lisa Lumbard, Lisa B. Lumbard, CPA
Join nonprofit CPA and board governance trainer Lisa Lumbard and nonprofit attorney Robert Erven Brown for practical tips on avoiding the loss of your charity’s nonprofit status and avoiding personal liability for the charity’s debts. We will examine: the IRS progressive sanctions, Arizona corporate law traps and the principles governing indemnity by a corporation of its officers, directors, employees and volunteers.
3:15 – 3:20 Room Change
3:20 – 4:35 Arizona’s Leadership in Deregulation and the Impact on Financial Professionals Serving the Nonprofit Community
Cindie Hubiak, Arizona Society of CPAs
Arizona is leading the way with occupational licensing reform. Learn the latest about this national trend, discover how it impacts you and nonprofit organizations.
Thank You to Our Sponsors
Eide Bailly LLP
CBIZ MHM, LLC
Fester & Chapman, PLLC
National Bank of Arizona
Your Part-Time Controller, LLC
This conference is designed to provide specific, practical coverage of critical nonprofit accounting, tax, and legal issues, for CPAs and individuals working for and with nonprofit organizations.
Brown, Robert Erven
Over his 40+ year career, Bob Brown’s experience includes five years as a trial attorney and 35 years focusing on nonprofits, real estate and commercial transactions. Through his nonprofit work over the last 20 years, Brown represented secular and faith-based nonprofit entities, including churches, parachurch ministries, human services organizations, rescue missions, summer camps, faith-based schools and other faith-based and secular charities. A frequent speaker at nonprofit events, Brown’s presentations focus on practical “take-aways” based on decades of advising nonprofit organizations.
A trusted advisor to executives, business administrators, board members and committees, Brown assists in identifying risks and implementing appropriate protections for key assets of charitable organizations. He counsels boards and leadership teams on campus development and construction, church planting, entity planning services, risk management, real estate & asset protection, insurance coverage, mandatory abuse reporting, media response, protecting religious liberties, board and staff training and acts as general counsel to help resolve ongoing operational concerns.
Nick Mortensen is the director of development at Eide Bailly Technology Consulting. He has spent the last several years working with companies to solve complex business problems through technology. With 98 projects under his belt as a solution or technical architect, and hundreds more under his oversight, he has built a deep working knowledge of systems architecture with a specialization in Salesforce customization and integration strategy. He has made it a point to always be a consultant first, developer second, and is always striving to ensure solutions built solve a business need. Mortensen has worked closely with client stakeholders to identify pain points, automation requests, and KPIs that would define project requirements. He will often work with project teams to assist in architectural overviews as well as translate the project requirements into technical specs for execution, help manage the delivery of functionality, and ensure project milestones are completed on time and under budget.
Stan Pugsley is a senior manager at Eide Baily, based in Salt Lake City, UT. He has been building business intelligence and data analytics solutions for nearly 20 years in health care, biotech, finance, high tech and consumer packaged goods (CPG) industries. He began his career in the management consulting group at PricewaterhouseCoopers, followed by work for HP, iCrossing, Hearst Corporation and a number of startup companies. He is a graduate of Brigham Young University and has an MBA from the University of Arizona. He loves to take a deep dive into data and discover opportunities to transform it into useful intelligence. If you have a challenging business problem, and some data that might help, give him a chance to show you how to put together a solution!
Gerhart, Kathy L.
Kathy L. Gerhart is the chief financial officer of the State Bar of Arizona. She manages the financial strategy and operations of a $16.5M nonprofit organization which operates under the supervision of the Arizona Supreme Court. This organization regulates approximately 18,750 active attorneys in Arizona and provides education and development programs for the legal profession and the public. Gerhart has more than 30 years of experience in financial management in a diverse range of industries including education, construction, financial services, real estate management and public accounting. Prior to her position at the State Bar, she served as the vice president of finance for Le Cordon Bleu College of Culinary Arts Scottsdale. Since joining the State Bar of Arizona, she has played a key role in developing a strategic plan/model and enhancing the financial reporting structure needed to support the State Bar’s mission and strategic initiatives. Gerhart received her BBA in Accounting from Texas Tech University, is a licensed CPA in the State of Texas and was honored as one of the 2014 Outstanding CFOs by the Phoenix Business Journal.
Blunt, Brenda Ann
Brenda A. Blunt, CPA, CGMA, is a partner at Eide Bailly LLC. She has 30 years of experience providing services to tax-exempt entities, closely held business and their stakeholders. Blunt provides income tax compliance and planning for individuals, corporations, partnerships and tax-exempt entities; and represents clients before the Internal Revenue Service and state taxation authorities. Tax-exempt entities comprise approximately 90% of her clients. For these clients in particular, Blunt helps them comply with and plan for sales, payroll and property taxes; consults with them regarding the tax and accounting impact of multiple-entity structures; works with them to establish or reinstate their status as tax-exempt and helps them plan for the tax aspects of unrelated business income and executive retirement. She is a frequent teacher nationally, locally and at the organization level on topics that include health care reform, board responsibilities, tax compliance, strategic planning, and financial management principles for nonprofits.
Cindie Hubiak, CPA, CGMA, MBA, is president & CEO of the Arizona Society of CPAs, where she represents over 5,300 members and leads a staff of 11. Hubiak has worked in public accounting and industry. While working with manufacturing companies, she completed two international assignments: one in Europe and one in Singapore. Prior to joining the Society, she was human resources director for a 1,500-person international organization. Hubiak is a past chair of the ASCPA board of directors, holds leadership positions on several community boards and has been recognized as one of the top women in business and the community. She received both her B.S. in Accountancy and her MBA from Arizona State University. She is certified in alternative dispute resolution, has written four books and enjoys traveling and hiking in Arizona.
Jennings, Marianne M.
Marianne Jennings is a professor emeritus of legal and ethical studies in business in the W.P. Carey School of Business at Arizona State University. She served as director of the Lincoln Center for Applied Ethics from 1995-1999.
Jennings has hundreds of articles in academic, professional and trade journals. In 2006, Emerald Management Review named her article, “Ethics and Investment Management,” one of the top 50 articles in 2005. She was named a Top 100 Thought Leader by Trust Across America and one of the 100 Most Influential People in Business Ethics by Ethisphere.
She has six textbooks and monographs in circulation. The ninth edition of her Business Ethics was published in 2017. Her Seven Signs of Ethical Collapse is used as an audit tool and a primer on corporate culture. Her columns have been syndicated and her work has appeared in the Wall Street Journal, the Chicago Tribune, the New York Times and Washington Post.
Lumbard, Lisa B.
Lisa B. Lumbard, CPA, CGFM has been in public accounting for over 35 years specializing in providing audit services to not-for-profit and governmental entities with 25 of those years as the founder and manager of Lumbard & Associates, PLLC. In working with not-for-profit managers and boards over the years, she developed a passion for training not-for-profits on board governance. Prior to selling her practice, she became certified as a board governance trainer with BoardSource and continues to provide those services to not-for-profits through her consulting firm. Lumbard began her long history of volunteering on not-for-profit boards and governmental advisory committees while in college at ASU.
She serves on the Arizona State Board of Accountancy A & A Committee, Arizona Society of CPAs' Not-for-Profit Conference Committee, MIHS Finance and Compliance Advisory Committee and on the board of a large local church where she previously served for three years as treasurer and three years as president.
Over the years, Lumbard has been a speaker at numerous accounting and not-for-profit conferences, as well as providing customized trainings to not-for-profit organizations. She has presented trainings on single audits, internal controls, audit preparedness, not-for-profit accounting and not-for-profit board governance for various associations throughout Arizona.
She is also a member of the American Institute of CPAs' Government Audit Quality Division, the Government Finance Officers Association, the Hispanic Chamber of Commerce, Alliance of Arizona Nonprofits, and the Association of Government Accountants, from which she obtained her Certified Government Financial Manager (CGFM) certification in 1996.