June 18 | 1 – 2 p.m.
Staying Afloat: Financial Scenario Planning During A Crisis
- Dan Tritch, Your Part-Time Controller
Explore potential funding options during the current financial crisis, including options in the CARES Act, how to incorporate cost cutting measures, as well as present the mechanics of forecasting and scenario planning during a crisis. You will walk away with the knowledge to utilize forecasting as an invaluable crisis management tool.
July 17 | 12 – 1 p.m.
Revenue Recognition Issues in Light of Recent Economic Realities
- Jodi Kimmerle, Eide Bailly LLP
This session will cover guidance related to Accounting Standards Updates 2014-09 and 2018-08. We will discuss implementation issues related to the new revenue recognition standards. In addition, we will cover some additional considerations related to revenue recognition in the current economic environment created by COVID-19.
September 17, 2020 Not-for-Profit Conference Agenda:
KEYNOTE: Better Together – The Not-for-Profit Community in Arizona
- Kyla Teresa Quintero, CPA, Arizona Community Foundation
These are unprecedented times, and nonprofits across the board have been at the forefront of assisting communities in need. Now more than ever, collaboration and strategic partnerships are essential. Learn how responding to community needs, transforming donors and leveraging relationships helps nonprofits be better together.
Strategy Meets Standards – Turning Accounting Standards into Innovation
- Curtis James Klotz, CPA (in MN), CLA (CliftonLarsonAllen)
Learn how to work with new standards in revenue recognition for grants and contributions, liquidity and financial reporting.
An Update From Washington
- Brenda Ann Blunt, CPA, Eide Bailly LLP
Stay in front of the latest developments coming from Congress, Treasury and the IRS impacting nonprofits. Prepare your organization for recent and upcoming changes to the law, how it is being enforced, and identify resources to stay in touch.
Intelligent Automation: A Buzzword We Can Finally Get Behind
- Nick Mortensen, MISM, Eide Bailly LLP
By the end of this session you will be able to speak to the four main aspects of intelligent automation and explain why each aspect is relevant, describe what practical application of each aspect looks like and what a successful application of each aspect can mean to your business.
Audit and Accounting Update
- Allan C. Klose, CPA, CBIZ MHM, LLC
Learn about important upcoming changes to the FASB standards that could have an impact on your organization. After this session, you will know how to prepare preliminary impact assessments to determine the significance of the standard(s) and potential resource needs.
One Size Does NOT Fit All – Considerations for Outsourcing Your Not-for-Profit Accounting
Moderator: Lisa B. Lumbard, CPA, Lumbard Consulting, LLC
- Robin Wilson, Unity of Phoenix
- Susan Kuster, CPA, Children's Museum of Phoenix
- Jerry Mendoza, Friendly House
CARES Act funds and new grants make accounting more complicated and even more critical. Learn from a panel of not-for-profit leaders, representing a variety of organizations, about the considerations that ultimately guided their decision among the available accounting out-sourcing solutions. Their experiences can help you guide your unique organization through the outsourcing selection process to a successful solution.
Successfully Select and Implement Software
- Jim Mulligan, CISA, Makewise, LLC
Gain knowledge of practical considerations and methodologies to plan and execute a successful software selection process, and how to effectively implement and integrate software into your organization for maximum benefit.
Dashboards & Data Analytics: Using Data to Drive Greater Social Impact in Our Communities
- David Paddison, MBA, Impact Analytics, LLC
This workshop will provide you with an overview of a step-by-step process for building a basic program dashboard with several key outcome metrics. You will understand how to publish and distribute the dashboard to stakeholders, and review a high-level framework for a data-driven decision process using the published data.
Taxes for Tax-Exempt Organizations
- Brian Ess, Henry+Horne
Learn the important value of identifying when and where you need to collect and pay taxes. At the end of this session, you will understand how sales tax and nexus works and know more about AZ specific taxes for NFPs.
Reach for the Stars
- Sarah C. Zelhart, CPA, Make-A-Wish America
Charity Navigator, and other ratings agencies, have become increasingly important in the era of transparency and easily accessible information. At the end of this session, you will be able to describe the ratings system used to compute your score, connect your business model to the score and identify actions you can (or cannot take) to impact your score.
Elegant Financial System Design – The Power of Aligning Your Financial Systems to Your Mission
- Curtis James Klotz, CPA (in MN), CLA (CliftonLarsonAllen)
Learn to structure your financial systems to be wholly in service of your mission and your organizational success, and discover how meaningful reports, dashboards and visualizations can better tell your nonprofit financial story.
Common 990 Errors
- Amy O'Loughlin, CPA, CBIZ MHM, LLC
- Kristen M. Bass, CPA, CBIZ MHM, LLC
What errors are you making when you prepare your organization’s form 990? What mistakes or omissions could trigger an IRS audit? How do you avoid a notice of incomplete return filing? We will answer these questions and provide tips to improve accuracy, transparency and clarity when preparing your 990 information return.
Financial Market Update and Investing for Not-for-Profits
- Jason Gove, CRPC, CWS, National Bank of Arizona
- Mark Weisbrod, Zions Bancorporation, N.A.
With changing times and changing boards, it may be time to relook at your investment policy. What should or shouldn't your organization include in its investment policy? Gain insight to the current events with financial markets and apply financial concepts to the not-for-profit sector.
GENERAL: Strategic Planning: Your Role in Providing Strategic Leadership for Organizations
- Jason Matthews, ASU Watts College, Nonprofit Management Institute
Learn the basics of strategic planning, how to overcome common barriers and how to leverage your plan to form long term partnerships with organizational leadership.
Thank You to Our Sponsors
Eide Bailly LLP
Your Part-Time Controller
Sponsorship opportunities are available. For details, contact Heidi Frei, MBA, ABC, Director of Marketing at (602) 324-4743 or at firstname.lastname@example.org
This conference is designed for CPAs and individuals working for and with nonprofit organizations and will provide specific, practical coverage of critical nonprofit accounting, tax and legal issues.
Zelhart, Sarah Christine
Sarah Zelhart, CPA, CGMA, has served for more than 20 years in both corporate and not-for-profit environments. She currently serves as Director of Chapter Financial Support and Compliance for Make-A-Wish America supporting the 60 chapters nation-wide.
Within these roles she has concentrated on internal controls, process improvement, mergers and acquisitions. With a continuing eye to determining and implementing best practices, she has dedicated her professional life to creating environments with transparent operations and strong governance.
She volunteers with the Valley of the Sun United Way, as a Wish Granter and the Steering Committee for the Not for Profit Section of the ASCPA.
Klotz, Curtis James
Curtis Klotz, CPA, serves as Director of Nonprofit Innovation at CLA. This role is grounded in CLA’s nonprofit consulting and business operations practice, which inspires Klotz’s writing and thought leadership in the industry. Klotz shares inventive strategies for nonprofits that have emerged from more than 35 years of direct work in nonprofit organizations, including his former role as VP of Finance & CFO at Propel Nonprofits. Along with other stints as a nonprofit CFO, he is also past Chairperson of the Montana Nonprofit Association. Klotz has contributed a number of articles to Nonprofit Quarterly and is the principal author of CLA’s Innovation in Nonprofit Finance blog. Klotz was honored as MSP Biz Journal’s Nonprofit CFO of the Year in 2017. To fully appreciate Klotz’s approach to nonprofit finance, you should know that he graduated summa cum laude from St Olaf College with majors in women’s studies and religion.
Quintero, Kyla Teresa
Kyla Quintero is the Chief Financial Officer at the Arizona Community Foundation (ACF). Prior to joining ACF in 2017, Kyla was a shareholder at the Montana-based CPA firm of Anderson ZurMuehlen. There, she participated in the firm’s Nonprofit Specialty team and presented technical courses at their annual conference. She also led courses focused on strengthening the financial knowledge base of nonprofits across Montana through the Bozeman Area Community Foundation and the Montana Nonprofit Association.
In Montana, Quintero served Greater Gallatin United Way as Board Chair, member of the Finance Committee, Chair for Succession Planning Committee, and Chair of Executive Search Committee. She also served as a member of Bozeman Sunrise Rotary, on the Board and Finance Committee for Family Promise of Gallatin Valley, the Board of the Bozeman Health Foundation, and the Board for the Children’s Museum of Bozeman. For many years, Quintero volunteered her time to help with the annual dinner and auction fundraisers of local nonprofits, including the Bozeman Health Foundation, Museum of the Rockies, Human Resource Development Council, Children’s Museum of Bozeman, and Thrive.
Quintero served as the statewide Board President of the Montana Society of CPAs. During her term, her key initiative included creating an annual conference for members in business, industry, nonprofits, and government where professionals can network and share their insights. This conference is on its 10th year and still going strong. Quintero is a graduate of Montana State University, where she earned Bachelor’s degrees in Accounting and Spanish and a Master’s in Professional Accountancy, and she currently resides in Phoenix, Arizona.
Before starting Impact Analytics, David Paddison spent sixteen years as a nonprofit executive serving primarily in key finance and technology roles, leading numerous organizational projects that utilized performance metrics to increase financial sustainability, program outcomes and quality improvement. His passion for encouraging the implementation and adoption of "data-driven" cultures to increase the collective impact of nonprofit organizations led him to start Impact Analytics, a consulting firm dedicated to expanding social impact through data-driven action. Mr. Paddison is a regular speaker on the topic of nonprofit analytics at conferences around the country.
Mr. Matthews currently works at the Corporation for Supportive Housing as a Senior Program Manager. He has worked in the nonprofit and local government sectors since 2002, specializing in nonprofit management, program development, fundraising and strategic planning. In addition, Mr. Matthews has served as a Faculty Associate at ASU since 2016 helping to build capacity in the nonprofit sector.
Brian Ess graduated with a B.S. Accounting at Southern Illinois University and received his J.D. from University of Missouri where he studied business and tax law. He started his career at Ernst & Young in their SALT department in Kansas City and spent time at CBIZ before moving to the desert to be near family and head up Henry & Horne’s SALT department. He has worked with NFPs to assist in tax assistance, nexus studies, and registrations, among other things.
Jason Gove is a Vice President and Wealth Relationship Manager in the NB|AZ® Biltmore Wealth Center. In this role, he works closely with his clients to provide customized financial strategies and thoughtful financial planning. Gove has worked in the financial services industry for over 14 years in areas of wealth management, investments, insurance, real estate and banking. Prior to joining NB|AZ Wealth & Fiduciary Services, he worked at Griffin Capital, Cole Capital, USAA and Merrill Lynch.
Gove graduated from The University of Arizona with a Bachelor of Science degree in Business Management. In addition, he has earned the Chartered Retirement Planning Counselor designation (CRPC) from the College for Financial Planning and the Certified Wealth Strategist designation (CWS) from the Cannon Financial Institute. Gove enjoys free time with his wife, Dana, and French Bulldog, Ace.
O'Loughlin, Amy A.
Amy O’Loughlin is a director in the Phoenix office and has significant experience working with approximately 200 tax-exempt organizations on IRS compliance, multi-state issues, establishing tax-exempt status, and income, sales and payroll tax issues unique to tax-exempt clients. She sits on the CBIZ not-for-profit practice group steering and technical committees and has conducted training on a variety of not-for-profit topics for both internal and external audiences. Amy spends the majority of her time providing consulting and compliance services for tax-exempt filers. Internally, Amy is an active member of the CBIZ Women’s Advantage (CWA) Task Force and serves as a mentor for new tax associates.
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 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. Nick has worked closely with client stakeholders to identify pain points, automation requests, and KPI's 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 spec for execution, help manage the delivery of functionality, and ensure project milestones are completed on time and under budget.
Blunt, Brenda Ann
Brenda A. Blunt has over 30 years of experience providing services to tax-exempt entities, closely-held business and their stakeholders. She 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-exempts and their related entities comprise approximately 90% of her clients. She helps these clients, in particular, comply with and plan for sales, payroll and property taxes; consults with them regarding the tax and accounting impact of multiple-entity structures; helps with international tax issues; 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. Brenda 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.
Blunt currently represents almost 200 nonprofit organizations ranging in size from formation-stage organizations to multi-million organizations with international reach. Her client base includes public charities, private foundations, trade associations, social welfare organizations, cooperatives and unions. She is passionate about working with organizations in the nonprofit sector, in no small part because of their passion to make the world she lives in a better place.
Bass, Kristen M.
Kristen Bass is a Manager at CBIZ MHM LLC’s tax and business services division where she provides tax services including accounting, planning and compliance services to a diverse group of tax-exempt and not-for-profit organizations. She has developed her expertise assisting these organizations in the preparation and review of their Forms 990 and 990T. Internally, Kristen also serves as a leader in the CBIZ national professional development program for senior associates.
Mark Weisbrod is Vice President and Portfolio Manager for Wealth & Fiduciary Services, a division of Zions Bancorporation, N.A. Weisbrod’s responsibilities include portfolio construction, asset allocation and investment analysis and collaborates with Wealth Advisors and Private Bankers to advise wealthy individuals and families on the design and implementation of personalized investment strategies and portfolios to meet their unique goals and needs.
Prior to joining the firm, Weisbrod spent over seven years at Citi Private Bank as a Director and Investment Counselor. He worked as part of a team that advised wealthy individuals, families, endowments and foundations on the design and implementation of customized investment policies, strategic asset allocation and portfolio management strategies to meet their unique investment goals and objectives.
Prior to his position at Citi Private Bank, Weisbrod spent nine years at US Trust as Senior Vice President and Senior Portfolio Manager responsible for understanding strategic investment objectives and unique goals of clients in order to provide guidance and effectively develop, implement and manage client investment strategies.
Weisbrod began his investment career with Franklin Templeton Investments where he spent fifteen years in various roles. He was a securities analyst, an Assistant Portfolio Manager and Vice President and Portfolio Manager for Franklin Templeton’s Private Client Group. Weisbrod was also a member of both the Equity and Taxable Fixed Income Investment Committees.
Weisbrod holds a Bachelor of Arts degree in Economics from the University of California, Los Angeles and a Masters degree in Finance from the University of San Francisco.
Jerry Mendoza has worked with a number of non-profit and community service organizations throughout Arizona to promote education, the arts, and economic self-sufficiency. He managed Arizona Public Service Company’s Limited Income Programs Portfolio which included weatherization, crisis bill assistance, and bill discount program. During his tenure as chairman of the board for Community Information and Referral Services, he helped initiate AZ211, a statewide service connecting people to local health and human social services. As the CEO of Friendly House, he helped expand the organizations reach into the refugee population by opening the West Valley Friendly House Olive Branch. As a product of Friendly House himself, he is very grateful for the opportunity to give back to the agency that helped his family grow and prosper. Being part of Friendly House as they celebrate 100 years of service to the community has been the highlight of his career.
Mulligan, James D.
Jim Mulligan is the President and founder of Makewise, LLC, a business and technology consulting firm based in Phoenix, Arizona, with extensive experience providing business and technology consulting services in the areas of business management; strategic planning; software selection; technology assessment and planning; financial and ERP systems; systems integration; business continuity and disaster recovery planning; operations; process improvement and reengineering; network design; project management; IT security; and business systems analysis, design and reengineering.
Mulligan began his career with a national public accounting firm, holding his CPA license for more than twenty years before leaving public practice, and held subsequent executive positions in the financial services industry prior to founding Makewise, including CFO of a nonprofit secondary market in guaranteed student loans with assets in excess of $320 million. Mulligan has over 35 years of experience providing consulting services to nonprofit, public and private companies, including private equity, in a wide variety of industries and ranging in size from small development-stage companies to companies with in excess of $100 million in equity.
Mulligan received his Bachelor of Science degree from Arizona State University and is a Certified Information Systems Auditor. He is a Member of the Information Systems Audit and Control Association; a Member, Past President and Board Member of Arizona Business Leadership, a Past Member of the ASU Department of Information Systems Professional Advisory Board; Past Board Member of Goodwill of Central and Northern Arizona; and has been an Instructor for the ASU Nonprofit Management Institute.
Lumbard, Lisa B.
Lisa B. Lumbard, CPA, CGFM has been in public accounting for over 35 years specializing in providing financial and Single Audit compliance audit services to not-for-profit and governmental entities with 25 of those years as manager of Lumbard & Associates, PLLC. She began putting on not-for-profit executive and financial training seminars in 2001 and subsequently presented at governmental, accounting and not-for-profit conferences throughout Arizona. In working with not-for-profit executives and boards, she developed a passion not-for-profits and became a certified governance trainer with BoardSource in 2015 and received the Executive Leadership Certification from the ASU Lodestar Center for Philanthropy and Nonprofit Innovation in 2019. In 2018 she founded Lumbard Consulting, LLC, serving not-for-profit leadership and governing boards. She is a frequent speaker at not-for-profit and accounting industry conferences.
Lumbard began her long history of board service while attending ASU. Former service includes serving on a large local church board as vice-president, three years as treasurer and three years as president, former president of a Kiwanis Club and ASWA – ASU Chapter. Current service includes the Arizona Society of CPA’s Annual Not-for-Profit Conference Committee (over 20 years including the Governmental Accounting Conference Committee) and Valleywise Health Finance and Compliance advisory committee (over five years). July 2019, she was appointed by the Governor to the Arizona State Board of Accountancy after serving six years on the Arizona State Board of Accountancy Accounting and Auditing Advisory Committee. She is also active on the Alliance of Arizona Nonprofits Public Policy Committee.
Klose, Allan C.
Allan Klose is a shareholder in CBIZ's Phoenix office and has extensive experience in the provision of auditing and accounting services to both privately held companies and public companies ranging in size from development stage companies to large international organizations.
Klose spends a substantial portion of his time serving not-for-profit organizations. He has extensive experience assisting clients with a variety of accounting issues including contribution revenue recognition and the reporting of endowments. Klose also has specific expertise working with the real estate industry, including providing services to single-family homebuilders, multi-family property developers, real estate investment funds, hospitality developers and managers, commercial property developers and others within the industry. In addition, he serves clients in the general commercial and financial services industries
Susan Kuster is the Controller at the Children’s Museum of Phoenix. After a conversation with her neighbor while their kids were playing at Granada Park, she decided to pursue accounting. She enrolled in accounting classes, found a job at a small accounting office and quickly found that nonprofit accounting was her jam. In 2016, she received her CPA from the State of Arizona and shortly thereafter started working at her dream job, where they believe in engaging the minds, muscles and imaginations of children and the grown-ups who care about them. Compelled by the opportunity to serve, Kuster understands the high standards of transparency and custodianship of public funds in nonprofits, and the value of arts in our community. Aside from her work in the Museum, Kuster enjoys hiking, food, travel, visiting other museums and time spent with her family and dogs.
Committee Chair: Jacqueline Eckman, CLA (CliftonLarsonAllen LLP)
Conference Committee Members:
Brenda A. Blunt, Eide Bailly LLP
Robert J. Fullerton, Grass Coffey & Scharlau CPAs PC
Kathy L. Gerhart, State Bar of Arizona
Karen D. Lord, Henry+Horne
Lisa B. Lumbard, Lumbard Consulting, LLC
David G. Miller Jr., CBIZ MHM, LLC
Amy A. O'Loughlin, CBIZ MHM, LLC
Tess L. Ridgway, Tess L. Ridgway, CPA
Jill A. Shaw, Heinfeld, Meech & Co., P.C.
Lisa Stevenson, Stevenson, CPA LLC
Sarah C. Zelhart, Make-A-Wish America