8:30am- Sheryl Stephens-Uniform Guidance – Two Years Later
This session will provide a recap of Uniform Guidance, including a summary of Subparts A through E, and a focus on Subpart F, Audit Requirements. The single audit process, major program determination, internal control testing, compliance testing, written policies and procedures, the compliance supplement, and reporting will be discussed. Testing procurement, subrecipient monitoring, and compensation will also be covered.
9:45am- Leslie Walker- COSO
10:45am- Linda Johnson- Top Ten NH Wage and Hour Violations – and How to Avoid Them!
Each year the New Hampshire Department of Labor publishes its list of the top ten labor law violations for the prior year. Employers often find themselves in violation of federal and state wage and hour laws as a result of a lack of knowledge of the requirements, and sometimes simply from inattention to proper record keeping until it is too late. Learn what the top ten violations are and what you and your clients need to know about how to avoid them.
12:15pm- Ryan Gough-New Accounting Standards affecting Nonprofits:
The not-for-profit community is impacted annually by changes in accounting and audit rules. Organizations must be increasingly proactive in identifying areas where potential accounting issues are most likely to occur. This session will help keep your organization current with technical updates from the FASB including discussions of the revenue recognition, and not-for-profit financial presentation standards. This session will describe the technical requirements of these new standards and share practical implementation guidance and examples to help assist organizations in managing the increasing number of new standards.
1:15pm- Terry Knowles- UPMIFA Decoded
This session will focus on how regulatory oversight by the Attorney General may affect net asset classification reporting under the new FAS 117-1.
2:30pm- Ryan Robinson- Cybersecurity Best Practices to Help Any Nonprofit Protect Sensitive Data, Stay in Compliance, and Prevent a Costly Breach
A day doesn’t go by when we don’t hear about another large business being hit with a significant data security breach. What we don’t always hear about are the thousands of other small businesses and nonprofits that are being compromised by the same threats, but at a smaller scale. Nonprofits, in particular, have their own risks associated with security breaches, including loss of funding, loss of trust, fines for noncompliance, and more. This seminar, therefore, will provide not simply an explanation of the various risks, but also a method for systematically mitigating those risks, as well as actionable tips that will help your organization and your own personal data and accounts, as well.
3:30pm- Laurette Edlemann- What’s new in nonprofit management?
Laurette will provide an overview of the emerging trends impacting the nonprofit sector, including a new emphasis on sustainability, the growing need for financial literacy and strategic financial leadership, and the ability to communicate mission impact in balance with financial health.
Ryan Robinson · Terry M. Knowles · Ms. Sheryl Burke · Ms Leslie A. Walker, CPA · Linda Johnson, Esq. · Mr Ryan Gough, CPA · Laurette Edelmann
Terry Knowles has held the position of assistant director of charitable trusts at the New Hampshire Attorney General’s Office for the past 36 years. She is twice past President of the National Association of State Charity Officials, the 2015 winner of the Raymond E. Closson Award for Excellence in Community and Regional Planning, and has participated in Harvard University/Hauser Center’s Joint Seminar on Emerging Issues in Philanthropy, presented a webinar on endowment management at Columbia University Law School, and, most recently, was a speaker at Boston College Law School’s Philanthropy Boot Camp for Journalists. Terry writes and lectures locally and nationally on the nonprofit sector. She is an adjunct professor of Political Science at the University of New Hampshire and teaches in the Master of Public Administration and the Master of Business Administration programs.close
Practice Focus: Governmental and Not-for-Profit ServicesProfessional ExperienceSheryl is a Certified Public Accountant licensed in New Hampshire, Massachusetts, and Maine. She has over twenty-six years of public accounting experience. Sheryl’s areas of expertise are focused in governmental and not-for-profit auditing, accounting and consulting, as well as federal compliance auditing and not-for-profit taxation.Educational BackgroundSheryl received a Bachelor of Science degree in Accountancy and a Master of Science degree in Taxation (MST) at Bentley University (formerly Bentley College).Professional Memberships and Community InvolvementSheryl holds memberships in the American Institute of Certified Public Accountants (AICPA), the New Hampshire Society of Certified Public Accountants, and the Massachusetts Society of Certified Public Accountants. Sheryl has also served on the Board of Directors of several local nonprofit organizations.close
Leslie believes trusted relationships are everything in business. She digs deeper in getting to know our clients, so she can offer more relevant solutions. She also makes sure clients thoroughly understand every aspect of their financial statements.Having joined us in 2006, she is now a Director and chairs our Finance Committee that keeps us up-to-date on all accounting protocols. Leslie also manages financials for a number of our larger clients and an expert with Federal Grant A-133 Audits.Holding a Bachelors Degree from New Hampshire College, she’s a member of the New Hampshire Society and American Institute of Certified Public Accountants. She’s also on the Board of the Greater Concord Chamber of Commerce, Riverbend Community Mental Health and Whitaker Place.Leslie lives in Chichester, New Hampshire, with her husband and two children.close
Attorney Linda Johnson is a Director with the law firm of McLane Middleton, Professional Association. She has over 30 years of experience litigating cases in state and federal agencies and courts, and in representing the interests of companies, nonprofits and independent schools regarding their employment law and operational needs. She is AV rated by Martindale Hubbell which is the highest rating for legal ethics and services. She is listed in Woodward's Best Lawyers in America for both employment and education law, in New England SuperLawyers, and in Chambers USA America's Leading Lawyers in Business where her clients have commented that they "appreciate her responsiveness and ability to blend the legal and practical perspective;" and “If I really had a crisis, I could call Linda personally and know that she would sort it out immediately.”close
As a Senior Manager in BerryDunn’s Healthcare and Not-for-Profit Practice Groups, Ryan dedicates his time to serving a wide range of not-for-profit organizations across the Northeast. These include, but are not limited to, higher education institutions, hospitals, long-term care facilities, and behavioral and mental health agencies. Ryan is the firm’s technical resource for federal compliance auditing of the student financial aid cluster.This depth of professional exposure enables Ryan to analyze organizational operations across the sector, readily identify issues, and suggest best practices. This experience has also given Ryan a deep innate respect for the unique goals and cultures of all types of not-for-profit organizations. As a result, Ryan is devoted to building strong relationships in order to provide these organizations with customized solutions—and to reducing the strains of compliance and regulations, so that his clients can focus on achieving their core missions.Experience Highlights:Ryan helps clients with a variety of issues including:Financial auditsYellow Book auditsUniform Guidance (A-133) compliance auditsGrants and contract-revenue accountingNCAA agreed-upon proceduresMedicare and Medicaid cost reportsDeferred revenue recognitionOperational challenges unique to not-for-profitsPublications:Investments vs. Endowments: Understanding the DifferenceFBI Warns of New Fraud Scam Targeting Colleges and UniversitiesMemberships and Committees:American Institute of Certified Public AccountantsNational Association of College and University Business OfficersEastern Association of College and University Business OfficersHealthcare Financial Management AssociationMassachusetts Nonprofit NetworkCommunity Service:Big Brothers Big Sisters of ManchesterManchester Historic Association, Board of TrusteesLeadership Greater Manchester, GraduateGranite YMCA, Finance Committee and Audit Committeeclose
Laurette Edelmann has been Assistant Director at the NH Center for Nonprofits since 2006 and is responsible for the Center’s programs, finance and information/referral services for board and organizational development. Laurette has worked in the nonprofit sector in NH for 20+ years, with an additional 15 years’ experience in the legal, financial service and insurance industries. Her capacity building tool box has been filled with resources and strategies brought to New Hampshire by national nonprofit thought leaders such as Tom Tierney, Dan Pallotta, Ruth McCambridge, Chuck Loring, Jason Saul, Peter York, Susan Meier, Steve Zimmerman and many others.close
New Hampshire Society of CPAs