Spotlight on Nonprofit Financial Management and Accounting

Wednesday, September 25, 08:45 AM - Wednesday, September 25, 2019, 04:00 PM
Wednesday, September 25, 2019, 08:45 AM - 04:00 PM
Virtual TrainingLive - Online
Fee: $99 Members / $199 Nonmembers

Join the Minnesota Council of Nonprofits and Propel Nonprofits for our Spotlight on Nonprofit Financial Management and Accounting. In this daylong event, we'll discuss recent accounting and tax changes that will affect all nonprofits like FASB's new standards for nonprofit accounting and the impacts of the 2018 Tax Cut and Jobs Act on how nonprofits compute their taxable income (UBIT). We'll also talk about solutions to perennial challenges including easing the tension between finance staff and development staff regarding the nuances when accounting for and recognizing donations, helping your financials come alive for board members, and utilizing your organization's financial policies and practices to create more equitable outcomes.

This Spotlight is a one-day online event offering five interactive live online sessions, each exploring a different aspect of nonprofit financial management and accounting. Each session will be led by an experienced nonprofit leader or consultant and is designed to offer practical information that can be applied immediately. Registrants can participate in the live sessions and will also be sent a link to a recording of each of the sessions after the event ends.

Sponsors:  Bremer Bank - new logo  CliftonLarsonAllen

Need CPEs? Thanks to Abdo, Eick & Meyers, attendees on Sept. 25 will be eligible to earn 5 CPE credits via Minnesota Board of Accountancy accepted Continuing Professional Education (CPE).

Spotlight Sessions

Changes, Changes, Changes. Will it Ever Stop?

For a long time FASB (Financial Accounting Standards Board) seemed to ignore the nonprofit arena and our unique challenges. No more! Now we have more attention than perhaps we wanted. There are too many nonprofit-focused changes to the Accounting Standards to cover in one session. During this workshop we will focus on discussing and understanding the liquidity footnote and revenue recognition, with a quick nod to the new functional expense requirement.

Steve%20AnsethThe speaker for this session is Steve Anseth, partner, nonprofit services leader, Abdo Eick and Meyers, LLP., a top accounting firm located in Minnesota. In his role at AEM, Steve leads the firm's nonprofit segment. Steve and his team work with over 100 nonprofit organizations from the metro area and outstate Minnesota. He helps nonprofits succeed by improving their operations and internal controls. Prior to becoming a public accountant, he spent 12 years with a large national nonprofit organization. This experience gave him an in-depth understanding of how—and why—nonprofits operate. He has more than 25 years of experience working in and for nonprofit organizations. Steve holds a B.S. in accounting from the University of Minnesota and an M.A. in theological studies from Bethel Seminary.

Counting, Accounting, and Recognition: Beyond the Annual Fund

From time to time tension may arise between finance staff and development staff and leadership. In this session, we hope to provide a common language and understanding for the nuances between accounting for gifts under GAAP (Generally Accepted Accounting Principles), counting gifts for fundraising or campaign purposes, and recognition of donors for their generosity. With this shared vocabulary settled prior to undertaking a capital campaign or prioritizing planned giving, we anticipate that it will promote mutual understanding and powerful collaboration among the finance and development staff. Taking this approach when moving beyond the annual fund, the talents and importance of each staff role will shine through.

The speakers for this session are Athena Mihas, vice president of finance, Greater Twin Cities United Way, and Marie Ruzek, vice president, senior philanthropic specialist, Philanthropic Services, Great Lakes Region, Wells Fargo.

Athena_MihasAthena Mihas joined Greater Twin Cities United Way in 2015. Her team is responsible for the delivery of finance, facilities, and support services to our donors, volunteers, partner agencies, and employees. Athena is a longtime and passionate supporter of the nonprofit sector and has served in senior leadership roles for over 25 years. Her nonprofit leadership experience includes finance, human resources, fundraising, marketing, facilities management, direct service, and board service. Prior to United Way, Athena served in leadership roles for Volunteers of America of Minnesota and Wisconsin, Planned Parenthood Minnesota, North Dakota, South Dakota, Washburn Center for Children, Hearthstone of Minnesota, Church of St. Stephen, VISTAR Youth Horizons, and Amicus. Athena holds an M.B.A. from the University of St. Thomas and a B.A. from the University of Minnesota.

Marie_RuzekMarie Ruzek serves as vice president and philanthropic specialist for Wells Fargo Philanthropic Services within The Private Bank. Marie helps individuals and families to define and achieve their charitable objectives as part of their overall wealth plans. She also works extensively with nonprofits, where she advises in the areas of gift planning, endowment management, board governance, and other management issues. Prior to joining Wells Fargo, Marie worked in the nonprofit sector for 20 years, most recently at Greater Twin Cities United Way as director of planned giving and endowment. Marie earned a bachelor of arts in business administration from Concordia College and a juris doctor from Mitchell Hamline School of Law. She holds the certified fund raising executive designation and is also the chair of the Minnesota Planned Giving Council.

How Tax Reform will Affect Your Organization

While the Tax Cut and Jobs Act (the Act) will simplify taxes for many Americans, many business and tax-exempt entities will find the computation of taxable income even more complex than in the past. During this session, we'll share insights and planning opportunities related to the numerous changes to tax-exempt entity taxation. Areas of focus will include the impact to organizations from changes to Unrelated Business Income (including the definition of an activity, the limitations on Net Operating Loss carryforwards, state tax impact of these changes, etc.), and the inclusion of transportation fringe benefits as unrelated business income (including the breadth and depth of the application of these rules to tax-exempt organizations). Attention will also be given to organizational changes that may need to be made to adapt to these new rules.

Larry_MohrThe speaker for this session is Larry Mohr, tax partner, Baker Tilly Virchow Krause, LLP. Prior to joining Baker Tilly, Larry spent 20 years at an international firm providing tax-related services to not-for-profit organizations. He frequently consults with clients on a variety of topics, including unrelated business income issues, alternative investments, tax-exempt bond compliance, deferred compensation and related disclosures, foreign disclosures and other matters.


Cash Rules Everything Around Me: Finance, Inclusion, and Equity

What role can your finance staff, policies, and practices play in creating an inclusive work environment and in supporting your organization’s broader equity work? In this highly interactive session you’ll deepen your understanding of the critical role that finance can play in creating equitable outcomes while sharing and learning from your peers.

Craig_WarrenThe speaker for this session Craig Warren, vice president of enterprise solutions, Minnesota Children's Museum, which sparks children’s learning through play. Craig leverages over 20 years of global experience in the public, private, and nonprofit sectors to serve as a catalyst for achieving strategic outcomes. Previously, Craig was chief operating officer at Greater Twin Cities United Way. His professional experience also includes leadership roles at Best Buy, Rockwell Automation, The Coca-Cola Company, Towers Perrin, and the United States Army. Craig earned a M.A. in public policy from the University of Chicago and a B.A. in political science and anthropology from The Johns Hopkins University. He serves on the East Side Neighborhood Services board of directors and also volunteers as a senior advisor to New Sector Alliance.

Storytelling with Your Financial Statements: Ignite not Ignore

Your financial statements tell a story. How can you inspire board member action and commitment by making your mission come alive in the numbers? Communicating trends and patterns is a science and an art that's more than dashboards.

The speakers for this session are Keven Ambrus, CFO and vice president of finance, Propel Nonprofits, and Dawne Brown White, executive director, Compas Inc.

Keven_AmbrusKeven Ambrus is the CFO & vice president of finance at Propel Nonprofits. He has spent his career helping organizations develop financial plans, understand costs, and implement change. He enjoys the inquisitive nature of learning something new and solving problems. Although most of Keven’s professional career has been in the for-profit community, he’s appreciated the opportunity to contribute to and learn from the nonprofit community over the past few years. Before Propel, he was the director of finance and information technology with the Minnesota’s Children Museum. Keven holds an M.B.A. from Embry-Riddle University and is on the boards of COMPAS, Inc. a nonprofit putting creativity into the hands of Minnesotans, and First Universalist Church of Minneapolis.

Dawne_Brown_WhiteDawne Brown White is the Executive Director of COMPAS, the only state-wide organization to solely deploy diverse teaching artists and writers into communities where we live, work, play, and learn. At COMPAS, participants of every age unleash creativity; building community with each other and confidence from within. Since moving to the Twin Cities from Canada, Dawne has held positions with the Girl Scouts, the University of Minnesota and the Ronald McDonald House before starting her own non-profit to increase dental access for underserved youth. She is also president of two boards:  the Roseville Area Community Fund and The Man Up Club which utilizes the talents of black men to prevent black teen youth from not living up to their potential.

Spotlight Schedule: All are in Central Time

9:00 – 10:00 a.m. CT    

Changes, Changes, Changes. Will it Ever Stop?

10:30 - 11:30 a.m. CT 

Counting, Accounting, and Recognition: Beyond the Annual Fund

12:00 - 1:00 p.m. CT

How Tax Reform will Affect Your Organization

 1:30 – 2:30 p.m. CT  

Cash Rules Everything Around Me: Finance, Inclusion, and Equity

 3:00 - 4:00 p.m. CT

Storytelling with Your Financial Statements: Ignite not Ignore

Technology details

This event is hosted in Adobe Connect. You will need a computer with a reliable high-speed internet connection. 

Audio is available via your computer or your phone; choose the audio connection that provides you with the best sound quality. Please note: Using your computer for audio can sometimes negatively affect your experience, particularly if your Wi-Fi signal is not strong or your broadband connection is slow. Therefore, we highly recommend that you have access to a phone which can serve as a back-up audio method during the event.

Information about how to log into this event will emailed to you at least two days before it begins. If you don’t receive this email, please first check your spam folder, then contact  


Will the sessions be recorded? Yes, they will be recorded and available to view for 12 months. However, because of the interactive nature of these sessions, which will include ongoing conversation via chat and polls, participants will get a lot more value out of these sessions if they participate in the live event and rely on the recordings for reviewing the content that was shared during the live session. CPEs will not be available after Sept. 25.

Can registrations be shared? To achieve the best possible learning outcomes during these sessions, each participant should have their registration for the event. Participants will be actively engaging with the trainer via chat and polls, and to do so, each needs to have their own keyboard, computer, and connection to the training.

Can I connect to this training with Adobe Connect's mobile app for phones and tablets? While Adobe Connect does have a mobile app, its functionality is limited and does not support all the engagement tools that we use during this training. We strongly suggest that you use a desktop or laptop computer rather than a phone or tablet to access Adobe Connect.

Will CPEs be issued for this Spotlight? Thanks to Abdo, Eick & Meyers, attendees on Sept. 25 will be eligible to earn 5 CPE credits via Minnesota Board of Accountancy accepted Continuing Professional Education (CPE).

Sponsored by:   CLA     Bremer Bank - new logo

Co-hosted by:  

Propel Nonprofits

Check out these related events