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Nonprofit Finance Fundamentals

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Audit Partner Jackie Cardello and Client Services Partner Ian Shuman presented an intensive, full-day workshop on nonprofit finance fundamentals for the Nonprofit Roundtable of Greater Washington’s Future Executive Directors Fellowship Program. Discussion items included:

  • Financial statements overview
  • Audits, reviews and compilations
  • Cash vs. accrual accounting
  • Common red flags faced by nonprofit organizations
  • Overhead
  • Reserves
  • Restricted net assets
  • Budgets
  • Internal financial reporting

Gelman, Rosenberg & Freedman served as a sponsor of the 2010-11 fellowship program. Visit our Facebook page to see photos from this and other Nonprofit Roundtable events.

We want to commend your firm, especially Amy Boland, on the outstanding service recently provided to the Close Up Foundation during our FY07 audit.

Rick Rockelli |  Chief Operating Officer
Close Up Foundation