2024 NFP governance and fiscal workshop sessions
June 5, 2024
Panel discussion: Mergers, acquisitions, joint ventures, oh my! Not-for-profit leaders share lessons learned
Not-for-profit leaders from across the country will share their organization’s merger or combination transition experience. Join us to explore why an organization seeks to establish a joint venture, merger or another innovative alliance to advance their impact in the community. Learn how to navigate critical board involvement, key leadership and strategy approaches, tips for evaluating systems and people, and the results of the newly formed organizations as they drive their collaborative mission forward.
Panelists:
- Laurie Horvath, CPA, Partner, Not-for-Profit, Baker Tilly (moderator)
- Jean Phelps, CEO, Incompass Human Services
- Philip Yun, President and CEO, World Affairs
- Cheryl Hawkins, Board Member, MiSide
Key human capital considerations for NFP mergers and acquisitions
This session will provide an overview of critical human capital considerations your not-for-profit organization must be aware of when planning for mergers and acquisitions. Our human capital specialists will highlight key steps for planning, best practices, requesting information, comparative analysis, cost/benefit analysis and integration hurdles. They will also discuss potential risks and the red flags to look out for, with a heavy focus on needing fluid communication and collaboration between the parties involved.
Presenter: Deanna Kempinski, SPHR, Senior Manager, Baker Tilly Vantagen
How collaborations create opportunities to advance your organization’s mission and goals
As not-for-profit organizations experience increased challenges, such as attracting and retaining talent, raising philanthropic and grant funding and maintaining service delivery, the environment in which today’s tax-exempt entities operate creates opportunities to think creatively as you look to meet your mission and enhance the value provided to your community. This session will address the opportunities associated with creative collaborations, including when to consider a unique joint venture, types of collaborations that may be appropriate and beneficial for organizations and how a strategic combination may provide an opportunity to achieve more, along with the tax implications of such decisions.
Presenters:
- Karen Gries, CPA, Director, Tax-Exempt Advisory, Baker Tilly
- Christine Faris, J.D., Director, Tax, Baker Tilly
June 6, 2024
Lakeside chat: Combatting NFP cybercrime with a proactive cybersecurity strategy
Gather around the “campfire” as we discuss the various ways that cybersecurity intermingles with not-for-profit organizations. Discover how not-for-profits can incorporate preventative tactics and mitigation strategies to protect their organization and people from cyber-attacks. Our panelists will share how fraud and cybersecurity are growing risks and a success story from an organization that improved education and training for their cybersecurity strategy.
Panelists:
- Laurie Horvath, CPA, Partner, Not-for-Profit Baker Tilly (moderator)
- Joe Shusko, CISA, PMP, Principal, Cybersecurity, Baker Tilly
- Bernard Regan, Principal, Fraud & Forensic Investigations, Baker Tilly
Compliance update: Uniform Guidance changes, hot topics and industry trends
During this session, we will explore the updates to the Uniform Guidance, discussing key changes related to compliance requirements, administrative rules and cost principles, and identify the impact of these changes on organizations receiving federal funding. We will also discuss practical implications and strategies for addressing hot topics in governmental auditing as highlighted by the AICPA Governmental Audit Quality Center (GAQC). Lastly, we will analyze trends observed during recent audits and provide a forward-looking update based on recent Federal legislation.
Presenter: Blaine Jasper, CPA, Director, Baker Tilly
A year in tax: what we’ve seen
In this technical session, we’ll discuss some recent tax trends and topics we’ve seen come up over the last year. Walk through the latest unrelated business income (UBI) updates, including some clarity on UBI activity grouping and net operating loss (NOL) ordering rules. Learn more about state and local tax issues related to single member LLCs owned by not-for-profit organizations and navigating state solicitation registrations and audit/review requirements. Receive an overview on the excise tax on executive compensation and practical considerations around computing the tax due and IRS activity in this area.
Presenters:
- Shelby Netz, CPA, MST, Senior Manager, Tax, Baker Tilly
- Emily Maurice, CPA, Senior Manager, Tax, Baker Tilly
