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.
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.
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
Thursday, November 11, 2022
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
Tuesday, August 2, 2022
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
Using Data to Enhance Stories of Impact; Lease Accounting Standard Update
Thursday, May 12, 2022
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
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
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
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.
Preparing for Tomorrow: Navigating the Impending Estate Tax Landscape
February 20, 2024
About This Session
Join HBE for an insightful 10 Minute Tuesday webinar that will equip you with the knowledge and strategies to navigate the upcoming changes in the estate tax landscape. In this session, Chad L. Pfeiffer will overview the significance of the estate tax, the current law, and the anticipated changes set to take place at the end of 2025. You’ll gain valuable insights into possible implications for taxpayers and leave with practical, actionable steps to assist you in making informed decisions to safeguard your assets for the future.
Presented by: Chad L. Pfeiffer | Principal, HBE LLP
Chad Pfeiffer is a highly skilled and knowledgeable tax advisor with over 20 years of experience in various areas of taxation. With a strong background in corporate, partnership, individual, trust, estate, and banking taxes, Chad has become a trusted expert in navigating and optimizing tax obligations for his clients. Not limited to traditional tax services, Chad has a comprehensive understanding of state economic tax incentives and Federal corporate and individual tax credits. His deep knowledge of these areas allows him to provide strategic insights and guidance to clients seeking to leverage these opportunities to their advantage.
Prepare for Success in 2024 with Year-End Tax Planning
December 12, 2023
About This Session | View Recording
What’s on your to-do list this time of year? Buying gifts? Contemplating a New Year’s resolution? Preparing for Tax Day? The last one may not sound important yet, but it might impact you the most. Tax planning before the end of the year continues to play a significant role for many taxpayers, especially considering the current level of inflation, continuing market volatility, and an election year coming up. For individuals and businesses looking to potentially minimize their tax burdens in the spring and for 2024, it is important to think about what actions you could be taking. In this webinar, Jackson T. Love, CPA, will discuss a few of the main year-end tax planning considerations and talk briefly about possible tax changes coming in future years that could impact decisions being made now.
Presented by: Jackson T. Love, CPA | Senior Accountant, HBE LLP
Jackson Love has over 4 years of experience providing tax services related to individuals and businesses. As a Certified Public Accountant, Jackson assists with preparation, planning, and consulting regarding tax matters. He currently works within the firm’s construction specialty group and all other general services.
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
June 20, 2023 – Protect Your Future: Three Legal Documents Every Adult Needs
May 22, 2023 – How Inclusivity is Filling the Gap in Leadership
View Recording | Presented by:Dr. Helen Abdali Soosan Fagan, Ph.D.
April 11, 2023 – Tax-Related Highlights of the 2023 Legislative Session – So Far
View Recording | Presented by: Jesse D. Sitz | Partner, Baird Holm Law Firm
February 14, 2023 – SECURE 2.0 and Volatile Investment Markets
View Recording | Presented by: Christopher M. Bedient, CFA, CFP® | HBE LLP
January 17, 2023 – Reduce Your Operating Budget and Carbon Footprint: New Energy Opportunities for Tax-Exempt Entities
View Recording | Presented by: Adam Herink| President, Afton Energy
December 20, 2022 – How the Current Economy Impacts the Value of Your Business
View Recording | Presented by: Scott J. Scheef, CPA, CVA | Partner, HBE LLP
December 6, 2022 – Prepare for Success in 2023 with Year-End Tax Planning
View Recording | Presented by: Brian M. Klintworth, CPA, MT |Partner, HBE LLP
November 15, 2022 – Reinventing Nonprofit Strategic Planning
View Recording | Presented by: Kyle Cartwright, CAP® | Krystal L. Siebrandt, CPA, CFE, CGMA
October 18, 2022 – Navigating Volatile Markets
View Recording | Presented by: Christopher M. Bedient, CFA, CFP® | Partner, HBE Wealth Management LLC
September 27, 2022 – Business Owner Succesion Planning
View Recording | Presented by: Robert B Wellendorf II, AEP®, CAP® | Founder and Owner, Executive Wealth Strategies, Business Exit Planning