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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.

Bob Albrecht has been our auditor for almost a decade for very real reasons.  He is a true professional who takes a pragmatic approach to operating in the most difficult of environments.