Halt, Buzas & Powell invites all professionals involved in the nonprofit sector to their October Nonprofit Bites in Baltimore on Tuesday, October 22. The event will feature a presentation led by HBP partners Andy Powell and Marco Fernandes, where they will discuss what they have learned during the past nine months since the accounting standards update with focus on accounting for nonprofits. Following the update, Lewis Flax of Flax Associates will lead a workshop on how to turn corporate sponsors into corporate partners. Click here to buy your ticket.
Date: Tuesday, October 22, 2019
Time: 8:00 – 11:30 a.m.
Location: American Visionary Museum; 800 Key Highway, Baltimore, MD 21230
Tickets: $25 – includes breakfast and 3 hours of CPE credit
For more information and to purchase tickets, click here.
2019 Accounting and Auditing Update: What We Have Learned
Halt, Buzas & Powell, Ltd. partners Andy Powell and Marco Fernandes will discuss what they have learned nine months after the implementation of the new accounting standards update which includes:
- Categories and method of cost allocation and disclosures required for the financial statement footnotes
- Implementation follow-up from ASU 2016-14
- Things to be aware of concerning the new lease accounting standard
- Revenue recognition update for grants and contributions (ASU 2018-08)
Generate Additional Revenue: STEP Up from Sponsorship to Partnership
Corporate sponsorship often represents an important income stream for many associations and nonprofits. At the same time, corporations are besieged by requests for funding and are more judicious as to which activities they support. Within the nonprofit sector, we have reached a critical decision point: How will we change our approach in order to improve results?
Successful nonprofit organizations recognize that they must go beyond offering standard and outdated benefits if they are to increase sponsorship income. The focus of this workshop is to review proven strategies and tactics to increase corporate sector revenue. Participants will learn how to:
- Differentiate their organization from the crowd of others seeking sponsorships
- Use a proven methodology to create a successful revenue generating partnership program
- Effectively leverage their board and volunteers to generate additional support
About Halt, Buzas & Powell: Established in 1969, Halt, Buzas & Powell, Ltd. (HBP) is a top-rated accounting and advisory firm with offices in Alexandria, Virginia, and Crofton, Maryland. The diverse team at HBP brings exceptional business acumen to nonprofits, businesses, individuals and families and government contractors. HBP’s expertise in auditing, business consulting, outsourced accounting, tax services and information technology has led to its ranking by Washingtonian Magazine as a top 25 CPA firm for quality service and by the Washington Business Journal as a top 50 accounting firm by size. Along with offering the benefits of big-firm insights, HBP provides the personable atmosphere of a regional firm where people come before numbers.
About Lewis Flax & Flax Associates: Lewis Flax specializes in assisting associations and nonprofit organizations with generating corporate sponsorship and partnership support. He provides guidance in helping nonprofits step up their results by increasing sponsorship funding, establishing partnerships, and implementing board development initiatives. His firm, Flax Associates (established in 2008), counsels both local and national nonprofit organizations.
Flax understands the challenges nonprofits face, both from an outside consultant’s point of view and from the internal perspective of a nonprofit executive. He previously served as a Vice President for IEG (a consulting firm) and served on the leadership team at Financial Executives International (FEI).
Flax has extensive experience in training and presenting. He has led numerous trainings, workshops, board retreats, and presented on behalf of many organizations catering to the nonprofit community including Association of Fundraising Professionals (AFP), American Society of Association Executives (ASAE), BoardSource, The Foundation Center, Global Impact, Points of Light Institute, and the United Way. Flax is a certified instructor for Dale Carnegie Training, a Master Trainer for the Association of Fundraising Professionals (AFP), and has served on the instructional team for the National Speakers Association (NSA).