This track is generously sponsored by Chazin & Company

 Click on speakers names below to learn more about them.

What Nonprofit Executives and Board Members Need to Know About Nonprofit Accounting (Part 1)

Accounting and financial reporting by nonprofit entities differs from that for for-profit entities. In this session, always a popular one at Camp Finance, you will learn all about these differences from a nationally known speaker. This two-part session provides an excellent overview for those new to the nonprofit sector, for nonprofit executives and board members who need “the basics” or for Campers who just want a refresher. Part 1 covers some basic topics, including an introduction to accounting by not-for-profit entities, what makes a not-for-profit entity different from a for-profit entity and accounting for contributions (restrictions, measurement, pledges, donated services and other topics).

Allen Fetterman, CPA, MBA

What Nonprofit Executives and Board Members Need to Know About Nonprofit Accounting (Part 2)

A continuation of our earlier session. Accounting and financial reporting by nonprofit entities differs from that for for-profit entities. In this session, always a popular one at Camp Finance, you will learn all about these differences from a nationally known speaker. This two-part session provides an excellent overview for those new to the nonprofit sector, for nonprofit executives and board members who need “the basics” or for Campers who just want a refresher. Part 2 covers some more advanced topics, including accounting for investments, endowment funds, property and equipment, net assets, revenues, expenses, gains and losses, functional expense reporting and financial statements.

Allen Fetterman, CPA, MBA

Campfire Collaboration: Uniting Strategies for Audit Success

Whether you're new or seasoned, join us for tips on collaborating with your team and uniting strategies for audit success by staying audit-ready all year round. In this session, we'll focus on ways to leverage the month-end close to confidently prepare for and navigate the financial statement audit process.

Learning Objectives:

• Review the objectives, goals, and stages of a financial statement audit.
• Define the types of procedures performed and items requested by auditors during a financial statement audit.
• Summarize how to utilize the month-end close process to effectively prepare for an audit.

Rachel DeMatteo, CPA

Director, Your Part-Time Controller, LLC

Eleanor (Ellie) Hume, CPA

Regional Director, Your Part-Time Controller, LLC

Building a Unified Fiscal Team: Creating a Transparent and Accountable Financial Culture in Your Nonprofit"

In today's increasingly complex nonprofit landscape, financial transparency and accountability are critical to long-term sustainability. This course will guide nonprofit leaders and staff on how to create an organization-wide fiscal team, where every employee understands their role in the financial success of the organization. By fostering a culture of openness, shared responsibility, and financial acumen, your nonprofit can operate with greater transparency, compliance, and efficiency.
Through interactive discussions and practical examples, attendees will learn how to implement a shared fiscal culture that aligns all departments towards the organization’s financial goals. We will explore the importance of open communication, involvement in budgeting processes, financial responsibility at all levels, and the essential systems needed to support this transformation.

Jackie McLaughlin, CPA

Quality Control and Learning Manager, Chazin & Company

Optimizing Communications between Development and Finance

Development and finance departments serve different yet critical functions within not-for-profit organizations. Typically, information flows in one direction — from development to finance. A two-way conversation about recognizing gifts can go a long way to streamline the needs of both departments and enhance the sharing of data. Highlighting key considerations to ensure a more unified approach to recording and reporting giving, we will explore areas including:

• When a promise is a gift, and when it is not
• The value of detailed donor communications and recordkeeping
• What a restriction is versus a condition, and how this can impact the “ask”
• Considerations about fundraising cost

Philip Marciano, CPA

Partner, Citrin Cooperman Advisors LLC