Scheduled Sessions (online, live & interactive)

Meeting ID: 997 7395 0464

Passcode: 286658

9:00am – 3:00pm

February 02, 2022

Orientation: Logistics and Expectations
Barry Silverberg, Executive Director, Nonprofit Austin
Kate Tolliver, Manager, Nonprofit Austin
Coordinator, Nonprofit Austin


Governance Fiduciary Responsibilities
Holly Raymond, Senior Vice President of Finance, Upbring (The New LSS)

Handouts          Evaluation


  • Understand the nuances of internal and external Stakeholders and how to navigate information to the beneficial interest of all parties
  • Fiduciary responsibility of the Board Establishing and maintaining financial transparency
  • Staff understanding the financial health of their program and what that means
  • “Overhead” costs and funding administrative expenses
  • Other fiduciary issues requiring the attention of governance
February 16, 2022
Issues Arising from Government Funding and Regulation
Aimeé Sánchez, Financial Controller, Upbring (The New LSS)
Glenn Lewis, CPA, Maxwell Locke & Ritter

Handouts          Evaluation


  • Managing Matching Requirements
  • Annual Information Return – Form 990
  • Payroll Taxes
  • Audits of Federally Funded Programs
  • Special Issues
    • Grant requirements which are more restrictive than all other grants received by the non-profit
    • Program specific issues related to compliance for service eligibility
    • Cost reimbursement grants (Cash Flow Issues)
    • Excise Tax – Reasonable Compensation for Nonprofit Executives
    • State Sales Tax Exemption (Issues)
  • Understanding specific grant (and match) requirement
March 02, 2022

Controlling the Nonprofit

Gail Romney, Director of Finance, Ballet Austin
Holly Raymond, Senior Vice President of Finance, Upbring (The New LSS)

Handouts          Evaluation 

  • Budgeting
  • Accounting Software
  • Internal Controls
  • Fraud Prevention
  • Independent Audits
  • Investments
March 25, 2022

Risk Management

Melanie Herman, Executive Director, Nonprofit Risk Management Center
Holly Raymond, Senior Vice President of Finance, Upbring (The New LSS)

Handouts          Melanie’s Evaluation          Holly’s Evaluation

  • Risk Management frameworks
  • Gift Acceptance Policy
  • By-laws, current and being used
  • Personnel and HR – overview of potential risk Sarbanes Oxley Compliance for 990 – general overview

**Joint session with Certificate in Nonprofit Leadership & Management and Effective Fundraising class.

April 06, 2022

Key Financial Concepts & Financial Statements

Shannon Andre, Vice President, Austin Market, Brown, Graham & Company

Handouts          Evaluation


  • Financial Management Responsibilities
  • Accounting terms and concepts
    • Differences between for-profits and nonprofits
    • Cash versus accrual accounting
  • Nonprofit Accounting transactions in-class exercise
    • Nonprofit Financial Statements
    • Statement of Financial Position
    • Statement of Activities
    • Statement of Functional Expenses
    • Statement of Cash Flows
    • Introduction of Cash Flow budget as day-to-day alternative to Statement of Cash Flows
  • Financial Indicators – analysis and ratios
    • Liquidity Ratios
    • Solvency Ratios
    • Efficiency Ratios
    • Profitability Ratios

Accounting and Reporting Guidelines

  • Overview of Rule Making Entities
  • Overview of Recent and Upcoming Key Accounting and Reporting Standards
  • Guidelines for different types of nonprofits:
  • Future Trends in Nonprofit Accountability
April 20, 2022


Tracie Stookesberry, Vice President of Finance, YMCA of Austin
Shannon Andre, Vice President of Austin Market, Brown, Graham & Company

Handouts          Evaluation


  • What is an audit and why do I need it?
  • Board of directors’ roles and responsibilities
  • RFP Process
  • Preparing for the Audit
  • What to expect during fieldwork from the auditor
  • Audit Standards and Terminology
  • Auditor Opinion Options
  • Types of management letters and other communications with governance
  • Red Flags for an auditor
  • Financial statements, notes, supplemental schedules within audit package
  • Board and Management Review of Audit
  • Politics of the Audit
  • Myths and Special Issues in Auditing
May 04, 2022

Accounting Issues Related to Fundraising and Overall Ethical Considerations

Holly Raymond, Senior Vice President of Finance, Upbring (The New LSS)

Handouts          Evaluation


  • What are ethical issues affecting or guiding nonprofit financial management
  • Accounting issues related specifically to fundraising and entity’s tax- exempt status
  • Unrelated Business Income
  • Stewardship
  • Other issues as may be identified by participants


Our Presenters

Learning Opportunities


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