Welcome to the March edition of Nonprofit Insights, where we’re bringing the luck of the Irish to your digital transformation journey. Read our latest case study describing how a global nonprofit organization conducted a systems assessment as part of their effort to modernize operations. Learn how the INGO reached their pot of gold with GRF’s comprehensive “current state” evaluation and technology recommendations.
Looking for help with more everyday challenges? Register for our April webinar, “Illustrating Your Nonprofit’s Story with Dynamic Dashboards,” or watch our recent webinars on-demand: “Luck of the Audit: The Role of Internal Controls in Audit Preparedness,” and “Mastering Your Statement of Functional Expenses.” And don’t forget to register early for our first ESG Summit!
Amy Boland, CPA
Partner & Director of Audit Services
At GRF, we are committed to meaningful change. That is why we have issued our first annual DEI Transparency Report to evaluate our progress with diversity, equity, and inclusion efforts and outline our goals for the future. In an era of backlash against DEI initiatives, GRF is leaning in. We believe in our team and the power of an inclusive workplace.
Navigating Digital Transformation: How One INGO Successfully Conducted a System Assessment
In virtual work environments, having streamlined operations, efficient collaboration, and transparent processes is paramount. This rings especially true for international nongovernmental organizations (INGOs) dedicated to humanitarian efforts. In this case study, we share a real-world scenario where a prominent INGO sought our assistance in modernizing their operations through an Enterprise Resource Planning (ERP) system.
Revisions to the Yellow Book released on February 1 reflect major developments in the auditing and accountability professions and emphasize specific considerations applicable to the government environment. Read on for the effective date and the changes provided in the 2024 revision, including the new requirement for a system of quality management.
Navigating the World of Uncertainties Impacting Nonprofit Organizations
On February 22-23, 2024, GRF and NC State University’s Enterprise Risk Management Initiative convened over 100 nonprofit executives and board members to discuss enterprise risk management strategies and tactics. The annual workshop aims to fill a gap in the resources available to tax-exempt organizations seeking to strengthen their enterprise risk management programs.
ESG Summit: Strategies for Developing, Measuring, and Communicating ESG Initiatives
April 24 | 12:00 PM - 3:00 PM
Register early! This half-day virtual summit features ESG trailblazers, industry experts, and leaders from early-adopter organizations who will share the critical aspects of ESG initiatives. Our event is designed to offer valuable advice on right-sizing ESG initiatives for your organization; developing effective measurement, monitoring commitments; and developing strategic approaches to communication.
GWSCPA 2024 Nonprofit Finance & Accounting Academy
March 21 | 8:30 am - 5:00 pm
Registration is open for the Greater Washington Society of CPAs’ Nonprofit Finance & Accounting Academy. This comprehensive one-day conference is tailored for individuals relatively new to the nonprofit industry or those seeking to enhance their understanding of the distinctive accounting, reporting, and compliance requirements that define the nonprofit sector. GRF’s Lisa Heller and Tricia Katebini will be presenting.
Illustrating Your Nonprofit’s Story with Dynamic Dashboards
April 4 | 11:00 am - 12:00 pm
Dynamic dashboards empower nonprofit leaders to use financial data as a storytelling and planning tool – bringing the numbers to life and allowing for critical decisions to be made with real-time data and visibility. Join us to learn how the right financial management tools can help you capitalize on digital transformation and take your nonprofit’s ability to tell your story through financials to new heights.
Luck of the Audit: The Role of Internal Controls in Audit Preparedness
Think of the annual audit as your pot of gold! In this webinar we will focus on common audit findings and best practice recommendations to help strengthen controls over those areas. Whether you’re a seasoned professional or someone who needs a four-leaf clover to get through your next audit, let our nonprofit audit team help you find the end of the audit rainbow.
Webinar Recording: "Mastering Your Statement of Functional Expenses."
If you missed it, watch our webinar on navigating the complexities of functional expenses. Discover best practices, effective allocation methods, and address common challenges faced by finance professionals. We’ll delve into the intricacies of functional expenses, exploring optimal ways to allocate costs and discussing potential issues that may arise.
Podcast: Forecasted Risk for 2024 and Beyond Ft. Melissa Musser
Tune in to the latest episode of ExitReadiness featuring GRF Partner Melissa Musser, where she shares her insight into the top risks facing businesses and nonprofits in 2024.
Podcast: Fireside Chat with Yuko Kojima, National Glass Association
Our 2024 Nonprofit State of the Union webinar included a special fireside chat with Yuko Kojima, CFO, National Glass Association. Listen to the conversation as a podcast on our website, or catch all GRF On-the-Go podcast episodes on Spotify or Google Podcasts.
Headquartered in the Washington, D.C. metropolitan region, GRF CPAs & Advisors (GRF) is a full-service professional services firm providing clients with accounting, tax, and advisory solutions. For more than 40 years, the firm has supported the financial and operational success of for-profit and tax-exempt organizations locally, nationally, and around the world.
For more about GRF CPAs & Advisors, visit our website at www.grfcpa.com.
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