Friday – June 24, 2022
8:05 – 9:20 a.m. | Overcoming a Ransomware Attack
Robert Samuelsen, MBA, Pima Association of Governments
A transparent step-by-step account of a ransomware attack and lessons learned from the successful recovery of this security breach.
9:20 – 9:35 a.m. | Networking Break
9:35 – 10:50 a.m. | Audit & Accounting Update
Allan C. Klose, CPA, CBIZ & MHM
Learn about recently issued FASB standards and guidance and how to recognize ongoing FASB projects in framework, recognition and measurement, presentation, and disclosure. Identify the effect of recently issued auditing standards, attestation standards and standards on accounting and review services.
10:50 – 11:05 a.m. | Networking Break
11:05 – 11:55 a.m. | Concurrent Sessions 1
A. A Practical Look at IRS Form 990 Schedules G&A
Brenda Ann Blunt, CPA, CGMA, Eide Bailly LLP
Join our discussion of two of the most complex, commonly applicable schedules for the IRS form 990 – Sch G (fundraising activities) and Sch A (public charity status). Walk away with practical tips focused on the information your organization needs to create/collect during the year to make the preparation of these schedules easier and your compliance with the rules related to fundraising events and public charity status more certain. Bring your questions and let’s figure it out together.
B. Welcome to Your First Single Audit
Corey Arvizu, CPA, Heinfeld, Meech & Co., P.C.
Having a Single Audit for the first time can be challenging. A Single Audit requires additional audit requests, different audit procedures and likely the assistance of the organization’s staff that had not previously been involved with the audit. This session will provide guidance on preparing for and navigating the process to help ensure a successful first Single Audit.
11:55 a.m. – 12:25 p.m. | Lunch
12:25 – 1:15 p.m. | Concurrent Sessions 2
A. Form 990: How to Review & Reconcile
Amy O'Loughlin, CPA, CBIZ & MHM
Kristen M. Bass, CPA, CBIZ & MHM
Learn to review and reconcile your form 990 to your financial statements. At the end of the session, you will be able to assist management and the board of directors to understand and improve the presentation of your 990.
B. The New Lease Standard is Here!
Colette Kamps, CPA, Henry+Horne
The new lease standard is effective for year-ends of 12/31/22, so now is the time to be sure you know the details on how to apply it. We will walk you through examples of the process of calculating, so you will have a clear understanding of how to apply it at your organization.
1:15 – 1:30 p.m. | Break
1:30 – 2:20 p.m. | Concurrent Sessions 3
A. The Great Resignation: How Should Businesses Cope?
Jenny McLellan, MAOM, SHRM-SCP, CHSP, CTEFL, McLellan and Associates
How can you keep remote workers in check, engaged and accountable? Understand information on the future of the workforce, what to expect and how to prepare, as well as why Diversity, Equity, and Inclusion (DEI) are a strategic priority for organizations.
B. Maintaining Your Independence
Candace P. Given, CPA, Heidenreich & Heidenreich, CPAs, PLLC
Learn what you need to know to maintain your independence both in-fact and in-appearance to be in compliance with AICPA, Government Auditing Standards and other applicable ethical standards. We will review recent changes to the independence rules as well as audit documentation best practices and issues commonly seen in Peer Review.
2:20 – 2:35 p.m. | Break
2:35 – 3:25 p.m. | Concurrent Sessions 4
A. Multi-State Fundraising
Ellis Carter, J.D., LL.M., Caritas Law Group P.C.
In this session you will understand the implications of fundraising in a digital world and how to ensure your nonprofit organization designs the right strategy to remain compliant. We will share practical examples and pitfalls of soliciting funds from donors that reside in states requiring registration.
B. Mission-Aligned Investing: Strengthen Your Portfolio’s Impact
Steven Fraley, CFA, MBA, Innovest Portfolio Solutions, LLC
Work with organizations to educate key stakeholders (investment committee, staff and volunteers) about mission-aligned investing. Gain consensus around issues, focus areas and objectives that are most important to the organization and key stakeholders. Discuss how to most effectively implement these goals and objectives through the investment portfolio.
3:25 – 3:40 p.m. | Break
3:40 – 4:30 p.m. | Nonprofit Lifecycles
Kristen Merrifield, CAE, CNAP, Alliance of Arizona Nonprofits
Learn the seven stages of nonprofit lifecycles and their impact on an organization’s programs, management, governance, financial resources and systems. At the end of this session, you will have a basic understanding of the diagnostic characteristics and performance outcomes related to each stage, which can help you assess and respond to the organization’s needs and challenges.
Thank You to Our Sponsors
Eide Bailly LLP
AZ Tax Credit Funds
CBIZ & MHM
Fester & Chapman, PLLC
Heinfeld, Meech & Co., P.C.
Innovest Portfolio Solutions, LLC
Your Part-Time Controller
Sponsorship opportunities are available. For details, contact Heidi Frei 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.
Carter, Ellis McGehee
Ellis M. Carter, J.D., LL.M is the founder of Carter Law Group, P.C., a boutique firm devoted to advising nonprofit, tax-exempt and socially responsible companies with respect to corporate, tax and regulatory issues. Carter represents nonprofit and tax-exempt organizations in matters such as qualification for tax exemption, conversions to and from tax-exempt status, mergers and restructuring, joint ventures and entrepreneurial activities, supporting organizations, unrelated business income tax, advocacy and campaign activities, charitable solicitations, endowment management, governance issues, compensation matters, unusual and complex grants, foreign activities, mission and program related investments, intermediate sanctions, audit defense, complex gifts, and gifts with tax shelter implications. She understands the fast moving social enterprise movement and the nuances of blending nonprofit, commercial, and hybrid legal structures. She represents social enterprises in entity selection, formation, and operational issues. Carter has particular expertise in economic development entities, health care and scientific research institutions, grant-making foundations, trade associations and educational institutions. She also assists individuals with charitable planning and in planning major gifts. Carter received her J.D. cum laude from Seattle University School of Law in 1996 and her LL.M. in Taxation from the University of Washington's Graduate Tax Program in 1998. She has been selected by her peers for inclusion in Best Lawyers in America for Non-profit and Charity law 2007-2010 and has been Rated "AV Preeminent" (the highest rating available) by Martindale Hubble. She was listed by Phoenix Magazine as a Top Lawyer for Nonprofit-Charities Law in 2007 and was named Non-Profit Advocate of the Year by the Volunteer Lawyers Program in 2002.
Colette Kamps, CPA, brings that work ethic and nearly 20 years of experience in public accounting to her role as partner at Henry & Horne, LLP where she heads up the Not-For-Profit Niche.
Kamps works exclusively with the not-for-profit industry handling audits, reviews and compilations, consulting and tax returns. She serves many types of nonprofit organizations such as health care, social services, arts and cultural, membership associations, schools, foundations and religious organizations, as well as organizations requiring Single Audits. Kamps loves working with the nonprofit industry because the people with these organizations are so passionate about what they do.
Before joining Henry & Horne, LLP in 2003, Kamps worked in public accounting at another firm for six years. Prior to that, she worked in private company accounting for six years at an investigative and litigation support company and a retail furniture business.
Outside of work, you can find Kamps running or hanging out by the pool. She also loves to travel. Her favorite place she has visited is Bora Bora, so it’s no surprise that she and her husband hope to retire to a sunny beach location or sail on a catamaran.
Education- Arizona State University (Post Baccalaureate Certificate of Accountancy) and St. Norbert College (B.S. in Mathematics)
Kamps is a member of the ASCPA, AICPA, Free Arts of Arizona (finance committee), STARS (finance committee) and Arizona Cactus-Pine Girl Scouts (audit committee).
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.
Corey Arvizu, CPA, is a managing partner for the accounting firm Heinfeld, Meech & Co in Tucson, Arizona. While he specializes in audit services, Arvizu has also assisted our clients on several consulting engagements including readiness assessments for the new reporting model, cash and bank reconciliations, capital assets inventory and valuation, expenditure limitation reports, policy and procedural reviews, special investigations, and tax return preparation services for not-for-profit organizations. He has provided auditing and accounting services to cities and towns, school districts, grant schools, charter schools, insurance trusts, and not-for-profit organizations.
Arvizu currently serves on the Professional Ethics Executive Committee (PEEC) and the Professional Monitoring Task Force of the AICPA. He is the chairperson for the AICPA Task Force on the SEFA. Arvizu is a member of the Special Review Committee of the GFOA's certificate program. He is a question writer and reviewer for the AICPA's Uniform CPA examination and approved team captain for the Peer Review Program.
Arvizu received his Bachelors Degree in Accounting from Arizona State University. His past community involvement includes serving as the Treasurer for Bag It!, a Tucson nonprofit organization providing resources to cancer patients.
Jenny McLellan is the president of McLellan and Associates. McLellan brings over 20 years of experience as director of operations for a local nonprofit as well as human resources. She has a Master’s Degree in Organizational Management, is a Certified Senior Human Resource Professional through the Society of Human Resource Management (SHRM), a Certified HIPAA Security Professional and a Certified TEFL Academy Instructor. In 2021 she was the Arizona State Conference director for SHRM providing the Arizona Human Resource community with the first ever hybrid conference. Her hands-on experience brings practical concepts, solutions, and leadership as a consultant to empower organizations.
Kristen Merrifeld is a proven leader across multiple sectors invested in the development and success of others. She has more than 18 years' experience leading efforts to support community stakeholders, including extensive involvement working with professional associations, Chambers of Commerce and various community and business organizations, both public and private. Merrifeld is a fierce competitor, never satisfied with resting on her laurels and is always looking for the next big challenge to conquer. She is driven to be the best while remaining authentic and invested in the success of others. Experienced, calm under pressure, a seasoned leader and skilled communicator, she knows how to solve the big problems and create consensus around complex issues. Her WHY is to be the best version of herself so that she can share her knowledge and experience with others to help them reach their full potential and positively impact the communities around them. Merrifeld is an active volunteer serving on various business and nonprofit community committees and boards, including the Greater Phoenix Chamber of Commerce. She holds a BS in Business Management and an MS in Leadership from Grand Canyon University; a Certificate in Association Management from ASAE and the prestigious designations of Certified Association Executive (CAE) and Certified Nonprofit Accounting Professional (CNAP). She is also a graduate of the ASU Lodestar Center's Generation Next Nonprofit Leadership Academy and the ASBA Executive Business Mentoring Program.
Samuelsen joined the Pima Association of Governments and Regional Transportation Authority in 2008 after a private sector career. He served as managing director of SC Capital Partners, president/CEO of Redlake MASD, a subsidiary of Roper Industries and former division of Kodak, president of SEE Consultants LLC, chief operating officer of Akademos, Inc., CEO of Navibase Inc., CEO of eVine Inc., and worked in executive and professional positions at AT&T and NCR Corporation. Vocationally, he has worked in corporate accounting, corporate finance, product management, and strategic planning. He has also served on many boards both for commercial enterprises and not-for-profits. Samuelsen has a Master of Business Administration from Indiana University with a double concentration in banking and finance.
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.
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
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. Blunt 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.
Fraley, Steven P
Steven Fraley is a vice president and director at Innovest. He provides consulting services to retirement plans, nonprofits, and families. Fraley is a member of the Innovest Investment Committee, which drives the firm’s investment related research and due diligence. He is also a member of the Due Diligence Group, responsible for independently sourcing investment managers, as well as monitoring recommended products and strategies. The group utilizes both quantitative and qualitative analysis evaluating performance, understanding return attribution, and meeting management teams both at Innovest and at their offices. The group works in conjunction with Innovest’s Investment Committee. Fraley is also the director of Innovest’s Capital Markets Research Group, responsible for monitoring the global macro-economic environment, asset allocation modeling and portfolio construction.
Prior to joining Innovest, Fraley was a manager of Pension Investments at Emerson Electric Co. in St. Louis. He was also a personal Portfolio manager at Northern Trust.
Steven Fraley, a St. Louis native, holds an undergraduate degree from the University of Illinois at Urbana-Champaign and an MBA degree from Washington University in St. Louis. He is a Chartered Financial Analyst (CFA) and is an active member in both the St. Louis and Denver societies.
He and his wife, Meg, have three sons (Charlie, Harrison, and Weller). They enjoy hiking, snow sports, traveling and cooking together whenever possible. Outside of work and spending time with his family, Steven Fraley enjoys bird and big game hunting and cheering on his favorite sports teams!
Given, Candace P.
Candace Given is a partner in the firm of Heidenreich & Heidenreich, CPAs, PLLC in Phoenix, AZ. Her experience in public accounting includes accounting and auditing in a variety of industries, including Local Government entities, Not-for-Profit organizations, Employee Benefit Plans, and Organization subject to the requirements of Government Auditing Standards. She has been involved in the AICPA’s Peer Review program for the last seven years, and her firm has been performing Peer Reviews since 1990. She served on the Arizona Board of Accountancy’s Peer Review Oversight Advisory Committee from 2015 to 2019 and she currently serves as a member of the California Peer Review Committee, which oversees the acceptance of California and Arizona Peer Reviews.
Committee Chair: Lisa Lumbard, Lumbard Consulting, LLC
Conference Committee Members:
Brenda Blunt, Eide Bailly LLP
Kathy Gerhart, State Bar of Arizona
Karen Lord, Henry+Horne
Jacqueline Eckman, CLA (CliftonLarsonAllen LLP)
David Miller Jr., CBIZ & MHM
Amy O'Loughlin, CBIZ & MHM
Tess Ridgway, Tess L. Ridgway, CPA
Jill Shaw, Heinfeld, Meech & Co., P.C.
Sarah Zelhart, Make-A-Wish America
Gregory Coy, Gregory Michael Coy, CPA, PLLC
Julie White, Habitat for Humanity Central Arizona
Kristen Bass, CBIZ & MHM
Mark Hoover, Mark Hoover CPA
Pam Eggert, Eide Bailly LLP