Deadline Extended! Applications Due March 23rd.
Program Begins March 31st.
Introducing CFO Central 2011, a unique year-long executive program designed to empower financial leaders from nonprofit organizations with budgets over $1 million to develop their leadership skills, enabling them to effectively tackle the financial challenges that are pivotal to their organizations’ ability to survive, and thrive.
Now more than ever, nonprofit CFOs need professional development that exposes them to cutting edge insights and new perspectives that will help them build the financial fitness of their organizations. CFO Central delivers the kind of immersive advanced learning experience that prepares financial leaders to meet these challenges.
The 2011 program delivers an invigorating mix of 8 sessions ranging from small-group workshops to panel discussions and joint executive sessions, all taught by an outstanding group of financial and nonprofit experts, authors, and leaders. Sessions are highly interactive and include case studies, discussions, small group work, and access to practical tools and knowledge designed to be immediately deployable in your organization. In addition, there are expanded networking and knowledge sharing opportunities with peers and financial experts, enabling an expansion of your networks and support systems.
Program Fees: $650 for members, $950 for non-members
*CONTINUING EDUCATION CREDITS FOR CPAs
While the Georgia State Board of Public Accountancy does not pre-approve programs for continuing education, all classes in the CFO Central Program are designed to meet the credit hour requirement by the Georgia State Board of Public Accountancy. You will receive a Certificate of Completion from each session, indicating the number of credit hours that are applicable. Click here for additional information on continuing education credits for CPAs
SESSIONS INCLUDE:
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Session 1:
IRS Audit and Tax Issues for Nonprofits |
March 31, 2011
Instructor: Jones and Kalb
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Just like for-profit organizations, nonprofits face the scrutiny of the IRS. Nonprofits can expect heightened oversight of their compensation structure, non-core income sources, use of independent contractors, and other key areas. This session will provide an overview of tax issues for nonprofits, including potential "red flag" areas, which parts of Form 990 are likely to draw attention, and fundamentals of what to expect from an IRS audit. |
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Session 2:
Joint Session with CDO Central
Capital Campaigns: A Panel Discussion |
May 19, 2011 |
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Planning, implementing, and managing a capital campaign can seem exciting and overwhelming at the same time. Come hear a frank discussion from both financial and development officers about the challenges, joys, and tribulations of successful nonprofit capital campaigns. |
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Session 3:
Financial Management:
Roles and Responsibilities of the Board, the CEO, and CFO |
June 14, 2011
Instructor: Mauldin & Jenkins |
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When it comes to overseeing a nonprofit organization's finances, it is critical to establish policies and processes that identify clear roles and responsibilities for the board, the CEO, and the CFO. Although these may vary from one organization to the next, they will clarify the handling of financial issues by both board and staff, ensure that a system of checks and balances are in place, ensure that accountability is appropriately placed, and ultimately ensure that financial management and oversight is appropriately distributed. |
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Session 4:
The Paradox of Thrift:
When to Save, When to Spend, and Managing Cash Reserves |
July 20, 2011
Instructor: Ronald Alston, SunTrust Bank & Norman Clark, Grant Thornton |
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The economist John Maynard Keynes first came up with the notion of the “paradox of thrift.” He believed that if everyone saved more money during times of recession, then demand for goods will fall. If demand for goods falls, then economic growth will stall, causing all sorts of additional economic problems (lost jobs, failed businesses, etc.). In essence, sometimes when you are most fearful of spending may be when you really need to spend. This session will discuss the art of managing cash reserves - when to save, when to spend, and why you do each. |
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Session 5:
Assessing Your Risks and Fulfilling Your Fiduciary Responsibility |
August 17, 2011
Instructor: Norman Clark, Partner Not for Profit & Higher Education Practice - Grant Thornton |
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Funders, regulators, and the public are demanding more accountability and transparency from nonprofit organizations. Effective internal controls and monitoring systems are more important than ever to ensure your organization identifies “red flags” before they become full-blown disasters. This session will focus on how to identify the real risks for your organization, how to quantify those risks, and how to develop clear, customized policies that protect your stakeholders, your organization, and your reputation. |
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Session 6:
Hot Topics in Nonprofit Accounting and Finance |
September 15, 2011
Instructor: Clay Jones, Senior Manager Assurance - PriceWaterhouseCoopers |
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This session will provide an overview of the hot topics in nonprofit accounting and finance and what is on the horizon. It will touch on any recent or upcoming FASB pronouncements that might affect nonprofits. You will also have the opportunity to ask about any key areas of concern or confusion that you may have. |
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Session 7:
Pensions and Retirement:
Strategies for Establishing and Maintaining Plans |
October 19, 2011
Instructor: Ken Cameron, Mark Ritter - Grant Thornton |
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This session will take a look at some of the strategies that nonprofits should consider in establishing and maintaining a retirement program. |
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Session 8:
Joint Session with CDO Central
Issues Driving Charitable Activities of High Net Worth Philanthropists |
November 10, 2011
Instructor: Bank of America |
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Based on an on-going research partnership between the Bank of America and The Center on Philanthropy at Indiana University, this session will focus on understanding the motives and methods of giving among wealthy Americans, including which nonprofit sectors they support, how they direct their largest gifts, what motivates them to give and to discontinue support for a nonprofit organization, where and how often they volunteer, and who they turn to for advice about philanthropy. Also touched on are how charitable decisions are made within households, investment risk tolerance as it pertains to donors’ philanthropic assets, and how wealthy individuals respond to disaster relief. |
Applications Due: March 18, 2011
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