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.
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
- 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
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
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.
SECURE 2.0 and Volatile Investment Markets
February 14, 2023
About this Session
A number of interesting changes for investors arrived during the last three months of 2022, both in market returns and through legislation. The SECURE 2.0 Act was passed to help strengthen Americans’ retirement readiness by reducing barriers to annuitization, increasing access to workplace retirement plans, and improving opportunities to save for retirement. Join Chris Bedient, CFA, CFP®, during this 10 Minute Tuesday to understand how to navigate retirement planning through volatile investment markets. In addition, Chris will overview the current market.
Christopher M. Bedient, CFA, CFP®
As a Partner and Wealth Advisor at HBE, Chris works with individuals and families to address their diverse financial needs. His comprehensive and customized approach to financial planning includes advising his clients on their investments, saving for retirement, estate planning, philanthropic giving, tax strategies and other aspects unique to their circumstances. Joining the firm in 2015, Chris brought with him extensive knowledge and experience. Chris earned his bachelor’s degree from the University of Nebraska-Lincoln. He is also a Chartered Financial Analyst® charter holder and a CERTIFIED FINANCIAL PLANNER™ professional.
Reduce Your Operating Budget and Carbon Footprint: New Energy Opportunities for Tax-Exempt Entities
January 17, 2023 | View Recording
About this Session
The August 2022 Inflation Reduction Act provides over $350 million in clean energy incentives and provides key structural changes regarding renewable energy and energy efficiency tax credits for tax-exempt entities. These clean energy credits have existed for over a decade but were best utilized by for-profit entities with federal tax liability. The recent changes allow for tax-exempt entities to transfer clean energy tax credits into direct pay opportunities. These changes offer tax-exempt entities a short window to take advantage of new financial opportunities for wind, solar, battery and energy efficiency projects which can reduce carbon footprints and drastically reduce payback periods, providing financial relief for ongoing operating budgets during these inflationary times. Please join us as we discuss the new opportunities and how to best prepare to take advantage of the new energy economy for tax-exempt entities.
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