Based on our commitment to provide meaningful value to nonprofit organizations, we are pleased to offer periodic nonprofit education session on topics that extend beyond accounting and finance. Each session will be led by guest speakers with specialized knowledge of the nonprofit industry.
Grant Funding: What are my responsibilities as a grant awardee?
July 11th, 2024
About This Session | View Slides
Join us for an enlightening nonprofit education webinar focusing on the intricacies of applying for and managing grants. For many nonprofit organizations, the process of grant application and reporting can feel overwhelming. This webinar will bring to light what granters are looking for in their applicants and shed light on the post-award requirements for awardees. The session will kick off with an engaging Q&A panel featuring Victoria Grasso, President of the Cooper Foundation, and Meg Blue, Director of Community Investments at the United Way of the Midlands. Following this, Lucas Post, Senior Accountant at HBE, will delve into a comprehensive discussion on federal awards and their correlation to Single Audits.
Presented by:
Meg Blue | Director of Community Investments, United Way of the Midlands
Victoria Grasso | President, Cooper Foundation
Lucas J. Post, CPA | Senior Accountant, HBE LLP
Tanner A. Weir, CPA | Senior Accountant, HBE LLP
Understanding ASU 2016-13 Requirements for Financial Instruments
January 30, 2024
About This Session | View Slides
Emily E. Arrigo, CPA and Zachary N. Fowler, CPA delve into crucial considerations when adopting ASU 2016-13, shedding light on areas such as identifying financial assets, risk considerations, and measuring current expected credit losses. This standard is set to be implemented in accrual basis financial statements for year ends December 31, 2023, and beyond. Additionally, they address the nuances of documenting management’s review, monitoring, and conclusions, and what to expect in terms of financial statement changes.
This is an excellent opportunity to stay ahead of current industry standards and proactively address the impacts on financial reporting. The insights shared in this webinar will provide you with a thorough understanding of the standard and equip you with the knowledge of what will be required in your upcoming review or audit.
Presented by:
Emily E. Arrigo, CPA | Assurance Manager, HBE LLP
Emily is a graduate of Hastings College where she received a Bachelor of Arts in Accounting. For over 5 years, Emily has been providing assurance services for both for-profit and nonprofit clients in addition to employee benefit plans.
Zachary N. Fowler, CPA | Assurance Manager, HBE LLP
Zachary is a graduate of Hastings College where he received a Bachelor of Arts in Accounting and a minor in Mathematics. For 9 years, Zachary has been providing Audit and Review services with a specialty in Not-For-Profit entities.
Board Best Practices & The Importance of Internal Controls
Part 1: Board Best Practices
Service on a nonprofit board can be personally fulfilling, provide a way to give back to your community, and create opportunities to expand your network. Board service also comes with fiduciary obligations and a few traps for the unwary. In this presentation, Katie A. Joseph, Partner at Cline Williams, will discuss best practices for nonprofit boards and how to navigate conflicts of interest. This part of the session will include information relevant to nonprofit leaders, long-serving board members, and those new to the role.
Part 2: The Importance of Internal Controls
Important to all organizations, internal controls are processes designed to help safeguard an organization and minimize risk to its objectives. They protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws. In this presentation, HBE Director, Ashley S. Bell, CPA, will discuss the importance of internal controls and the impact they can have on an organization. This part of the session will give nonprofit leaders tools in preventing errors and identifying problems in a timely manner to ensure corrective action is taken.
Liquidity & Reserves
Liquidity is generally defined as the amount of cash and/or assets an organization holds that can be easily converted to cash to accomplish the organization’s mission. Because liquidity is often seen as a measurement of organizational stability, it is a key metric that is looked at by boards, grantors, and stakeholders.
In this session, hear from a panel of speakers who will each share their own unique insight on various aspects of nonprofit liquidity and reserves. Speakers include:
- Lee Klumpp, CPA, CGMA | National Assurance Partner-Nonprofit & Government | BDO USA, LLP
- Jan Sheridan | Vice President-Treasury Management | Union Bank & Trust
- Chris Bedient, CFA, CFP | Partner | HBE Wealth Management
- Scott Lawson | Vice President-Finance | Lincoln Community Foundation
Additional Resources
- Nonprofit Standards: A Benchmarking Survey (BDO USA LLP, 2022)
- Nonprofit Operating Reserves Initiative (NORI) (Nonprofit Accounting Basics, GWSCPA)
- Investment Policies for Nonprofits (National Council of Nonprofits)
- Sample Investment Policy Statement (HBE Wealth Management LLC)
Using Data to Enhance Stories of Impact; Lease Accounting Standard Update
Part 1: Using Data to Enhance Stories of Impact
Telling stories of mission impact in order to build emotional connections is one of the keys to success for nonprofit organizations. In today’s world of data abundance, data analytics is a powerful tool that can be used to enhance these storytelling efforts. Whether clarifying quantitative measurements, highlighting data set relationships, or drawing attention to important statistics, presenting organizational data in a visual and easily digestible format can help bring a story to life. In this portion of the session, Allisa Lovitt, Marketing Manager, and Ryan Van Ostrand, Data Analyst, will identify some common nonprofit performance indicators and share examples of how data analytics is being used within the industry to strengthen insight and engagement.
Part 2: Lease Accounting Standards Update
In this portion of the session, Rose Pinkman, CPA, CFE, Assurance Manager, will provide an update on the implementation of ASC 842-Leases. This will include in-depth information on the following:
- An overview of what changed from the previous standards to the new standards
- Lease considerations
- Accounting for leases, including the accounting entries and disclosures
- Resources and examples
HR and Its Impact on Your Organization's Success | How the Biden Tax Proposal May Impact Nonprofit Fundraising
Part 1: HR and Its Impact on Your Organization’s Success
Presented by:
Steph Vanous and Chad Theis
Zelle Human Resources Solutions
HR is a critical component to any organization regardless of size. However, most people don’t know how to effectively implement HR strategies. In this session, participants will leave with effective action items to implement both traditional and nontraditional HR processes. In this presentation, we will discuss relevant topics related to the current recruiting environment, along with changes and updates organizations need to be aware of with COVID. Ultimately, participants will gain an understanding of the importance of HR, and its impact on the overall success of the organization.
Part 2: How the Biden Tax Proposal May Impact Nonprofit Fundraising
Presented by:
Chad Pfeifer, and/or Jimmy Schulz, CPA, CVA, MT
HBE Tax Practice Leaders
The Biden Administration’s tax proposal contains several components that may directly impact how taxpayers approach advanced charitable giving and estate planning. In this session, we will provide an overview of the proposed changes and how they may impact nonprofit fundraising efforts. Ultimately, it is important that nonprofit organizations understand these proposed changes so they can proactively plan how they will communicate with donors in the event that the changes take effect in the future.
Planning for Succession in the Midst of Uncertainty
Succession planning is a challenging topic to address, but it is critical for the success of your organization to have this discussion. The current COVID-19 pandemic has reminded us all that leadership changes will happen, whether we have made plans for them or not. Please join special guest trainer, Ingrid Kirst, to learn more about creating a solid plan to make those transitions smoother.
Creating a Talent Management Strategy for Your Organization
Download Resource Guide, View Recording
With special guest speaker, Jeremy Wortman, owner of HRD Initiatives.
Most organizations have a clear understanding and plan for their operational strategy. However, when asked if they have a clear strategy regarding their human capital more than 80% say they have “no plan” or “very little of a plan” (e.g., they may have a staffing plan or do some sort of succession planning). Yet, when asked how important their people are to the ongoing, long-term success of their business the overwhelming response is, “critically important.” Thus, there is a large disconnect between the practice of talent management and its idealized state. Accordingly, this session helps leaders understand the robust nature of talent management and how they can begin thinking and creating a more strategic approach to the acquisition, engagement, development, and retention of their most valuable asset – their people.
During this session participants will explore a framework that they can use to immediately begin assessing their own organization in terms of talent management without over-engineering the process. Participants will be intellectually stimulated to think about the people-side of their business in a more comprehensive and deeper manner; thus, positioning themselves to identify areas of enhancement that drives their operational strategy.
At this semi-monthly complimentary webinar series, held for 10 minutes at 10:00 AM every-other Tuesday, HBE professionals and guest speakers will provide timely updates, information, and education on topics that are important for the growth and success of your business or nonprofit organization.
Presidential Elections: What Do They Mean for Markets?
October 1, 2024
About This Session
With the fast-approaching presidential election in the US, join Courtney Lee, Investment Strategist at Dimensional, to discuss how markets have behaved in past election seasons and what the election could mean for markets this time around.
Presented by: Courtney Lee, Investment Strategist
Courtney Lee is an Austin-based Investment Strategist in Dimensional’s Investment Solutions Group. An equity portfolio strategist, she is responsible for supporting the effective communication of Dimensional’s investment approach and strategies to clients and prospects.
Prior to joining Dimensional, Courtney was an active quantitative equity portfolio specialist and assistant vice president with State Street Global Advisors. She served as a subject matter expert for the firm’s active quantitative equity strategies and was responsible for clearly articulating and providing ongoing updates on its investment philosophy, process, and solutions. She also worked as an advisor consultant at Franklin Templeton Investments.
Courtney holds an MBA in finance from Washington University in St. Louis and a bachelor’s degree in business economics from Brown University.
Business Valuations: Do You Know What Your Company Is Worth?
September 17, 2024
About This Session | View Recording |View Slides
Join HBE Partner, Scott J. Scheef, CPA, CVA, for our next insightful 10 Minute Tuesday on understanding the business valuation process and tips for maximizing your business’s value. As leaders, the future value and success of our companies are always a priority. This webinar will equip you with insights into the importance of business valuations, different valuation approaches, and the key factors that influence your company’s value. Don’t miss this opportunity to learn what drives the value of your company!
Presented by: Scott J. Scheef, CPA, CVA | Partner, HBE LLP
Scott Scheef has over 14 years of experience in providing services related to various privately owned and commercial companies, including taxation, consulting, and valuation services. As a Certified Valuation Analyst, Scott also works with clients for succession planning, buy-sell consultation, estate planning, and litigation support. He currently leads the firm’s Construction Industry and is a current board member of the Construction Accounting Network. Scott has previously held multiple treasurer positions within the community and is a current member of the Omaha Estate Planning Council.
Previous Webinars
August 20, 2024 – Navigating the Federal Trade Commission Non-Compete Ban
About This Session | View Recording | View Slides
Presented by: Mark A. Fahleson, Parter at Rembolt Ludtke LLP and Tara L. Paulson, Partner and CEO at Rembolt Ludtke LLP
August 13, 2024 – Federal Estate Tax Sunsetting to Lower Exemptions and Common Misconceptions
View Slides | View Recording | Presented by: Chad L. Pfeiffer, Principal, HBE LLP; Lynda M. Anderson, CPA, Manager, HBE LLP
July 16, 2024 – Impacts of New Compensation Thresholds to Business Owners
View Recording | Presented by: Judy Jurado, PHR, SHRM-CP, HBE HR Director; Sherrie Tepe, HBE 360 Manager
June 25, 2024 – Overview of Upcoming 2026 Tax Changes
View Recording | Presented by: Scott A. Becker, CPA, CFP, CVA, CGMA | Managing Partner, HBE & Brian M. Klintworth, CPA, MT | Partner, HBE
May 21, 2024 – The Fed, Inflation, Interest Rates and Potential Recession
View Recording | Presented by: Apollo Lupescu, Vice President of Dimensional Fund Advisors
February 27, 2024 – Total Worker Well-Being: A Holistic Approach
View Recording | Presented by: Kelsey Pruss, MS | Wellness Services Manager, Nebraska Safety Council
February 20, 2024 – Preparing for Tomorrow: Navigating the Impending Estate Tax Landscape
View Recording | Presented by: Chad L. Pfeiffer | Principal, HBE LLP
December 12, 2023 – Prepare for Success in 2024 with Year-End Tax Planning
View Recording | View Slides | Presented by: Jackson T. Love, CPA | Senior Accountant, HBE LLP
September 20, 2023 – Succession Planning for the Boomer Generation: Strategies for a Seamless Transition
View Recording | Presented by: Scott J. Scheef, CPA, CVA | Partner, HBE LLP
Referenced article: https://mbj.com/trillion-dollar-transition-boomers-rewriting-history-in-business-succession/
August 1, 2023 – Maximize Your Wealth: Proactive Steps to Safeguard Your Estate
View Recording | Presented by: Brian R. Seigel, J.D., AEP®
July 18, 2023 – Financial Reporting Framework for Small and Medium-Sized Entities
View Recording| Presented by: Ashley S. Bell, CPA | Partner, HBE LLP
July 11, 2023 – Leveraging Nebraska’s Tax Changes for a Competitive Business Advantage
View Recording | View Presentation Slides | Presented by: Brian M. Klintworth, CPA, MT | Partner, HBE LLP; Phillip S. Oman, CPA | Tax Manager, HBE LLP
June 20, 2023 – Protect Your Future: Three Legal Documents Every Adult Needs
View Recording | View Presentation Slides | Presented by: Catherine N. Swiniarski | Elder Law of Omaha, P.C., L.L.O.
May 22, 2023 – How Inclusivity is Filling the Gap in Leadership
View Recording | Presented by:Dr. Helen Abdali Soosan Fagan, Ph.D.