2017 Annual Nonprofit Accounting and Audit Update

Using Cell Phone Conference
  • 6/7/2017 – 6/8/2017
  • Kissimmee and Tampa, Florida
  • Hosting

June 7: Kissimmee
Give Kids The World Village
210 South Bass Road
Kissimmee, Florida 34746

June 8: Tampa
Tampa Bay History Center
801 Old Water Street
Tampa, FL 33602

Join us for CliftonLarsonAllen’s Annual Nonprofit industry update and learn about current issues your organization faces. You’re invited to a full day of education that will address a broad spectrum with a focus on accounting and finance matters for nonprofit organizations.

At the end of this session, you will be able to:

  • Recognize common challenges nonprofits face in strong internal controls.
  • Identify and apply impact investment strategies in today’s market
  • Recognize best practices related to grant management
  • Work more successfully with millennials as volunteers and board members
  • Identify who is reported on the 990 and why
  • Discover common mistakes that could lead to material audit adjustments

Who should attend

This intensive learning opportunity offers great information for a wide variety of professionals including: executive directors, finance directors, chief financial officers, controllers, and superintendents.


7:30 – 8:10 a.m. — Registration and continental breakfast

8:10 – 8:20 a.m. —Introduction and welcome

8:20 – 9:35 a.m. —Session 1

Millennials: Understanding Perspective to Create New Opportunities

Speaker: Heidi Jark, JD, Fifth Third Bank

They are the future and they’re here to stay. Millennials are different from their parents and their grandparents, and engaging them present unique opportunities to their families and the charitable organizations that past generations have supported. This lively presentation will highlight how millennials work, give, and thrive in the new world and explore what we, as advisors and charities, can do to embrace them. Using real world examples of success, we’ll explore ways to communicate compelling message that connect them to your organization.

Presentation: Millennials: Understanding Perspective to Create New Opportunities

CPE: 1.5 credits Specialized Knowledge and Applications

9:35 – 10:25 a.m. — Session 2

Finance Policies and Procedures Gameshow

Speaker: Kelsey Vatsaas, Manager, CliftonLarsonAllen

With the proposed regulatory changes and collective action lawsuits this session will provide a working knowledge of the law and the proposed changes. Best practices will be shared to help your nonprofit mitigate risk and plan for potential impact of new regulations.

Presentation: Finance Policies and Procedures Gameshow

CPE: 1 credit Auditing

10:25 – 10:35 a.m. — Break

10:35 – 11:25 a.m. — Session 3

Improving your Federal Grant Compliance Program

Speaker: Tori Lehman, Principal, CliftonLarsonAllen

Effective grant compliance relies on having an in-depth understanding of the federal grant requirements, and the resources and personnel to meet them. This includes having the proper policies and procedures in place, and strong internal controls. We all know that federal grant agreements can be long and complex. Without a robust understanding of Uniform Guidance requirements for your organization and grant, navigating through the governing regulations can be overwhelming. This session will discuss common challenges that nonprofit organizations are facing in implementing those Uniform Guidance requirements and how to ensure that your grant compliance program addresses them. Topics to be covered include: required policies and procedures; sub recipient monitoring procedures; internal controls over compliance; and procurement. This session will also go over some grant management best practices.

Presentation: Improving your Federal Grant Compliance Program

CPE: 1 credit Auditing

11:25 a.m. – 12:25 p.m. — Lunch

12:25 – 1:15 p.m. — Session 4

Impact Investing: Leveraging More of Your Assets to Accomplish Mission

Speaker: Khalid Yasin, Director, PFM Asset Management

This session explores the different ways grant-making and charitable foundations may utilize more of their investment assets beyond the annual spending rate in order to achieve greater impact towards their mission. The presentation will challenge participants to consider how investments may sometimes work counter to mission. Also, we will compare basic forms of impact investing including socially responsible investing (SRI), environmental, social and governance (ESG), mission related investing (MRI), program related investing (PRI), and other forms that help maximize mission impact beyond annual grants.

Presentation: Impact Investing: Leveraging More of Your Assets to Accomplish Mission

CPE: 1 credit Specialized Knowledge and Applications

1:15 – 2:05 p.m. — Session 5

Avoiding Audit Adjustments

Speaker: Aaron Crall, Manager, CliftonLarsonAllen

No one likes audit adjustments. This session will provide a practitioner’s perspective on the topics that most often trigger audit adjustments for nonprofit organizations, including background on the underlying accounting requirements. The session will also include best practices for avoiding audit adjustments at your organization.

Presentation: Avoiding Audit Adjustments

CPE: 1 credit Accounting

2:05 – 2:15 p.m. — Break

2:15 – 3:30 p.m. — Session 6

Executive Compensation and Benefits Reported on the 990

Speaker: Amy Chapman, Principal, CliftonLarsonAllen

Page 7 and schedule J tell the public and the IRS what top people are making at a non-profit. The session will get into the details of accurate compensation reporting and the procedures that should be taken as it relates to reportable compensation. We will go through examples and common mistakes.

Presentation: Executive Compensation and Benefits Reported on the 990
Handout: Executive Compensation and Benefits Reported on the 990

CPE: 1.5 credits Specialized Knowledge and Applications

Continental breakfast and lunch will be provided.



Please register by May 24, 2017.