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Articles From Lumsden McCormick

BDO Nonprofit Standard | Fall 2020

This BDO article is available through our affiliation with the BDO Alliance USA. Lumsden McCormick has been a member of the BDO Alliance USA since 2009.

The fall edition of the Nonprofit Standard includes the following:

  • President Signs Protecting Nonprofits from Catastrophic Cash Flow Strain Act to Assist Nonprofit Organizations into Law
  • “Are we Paying Our Executives Appropriately?”
  • FASB Issues ASU on Contributed Nonfinancial Assets
  • IRS Proposes Excise Tax Relief for Exempt Organization Executive Compensation Under Code Section
  • Is Your Organization Audit Ready?
  • Privacy Shield Invalidated - Nonprofits May Not be Affected but Should be Aware
  • Using Data to Create an Infrastructure of Success
  • Nonprofits Have Additional Time to Comply with New Lease Accounting Standards
  • Other Items to Note
  • Main Street Lending Program Open to Nonprofits

Download the fall 2020 edition of the Nonprofit Standard.

BDO Nonprofit Standard | Fall 2020

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As director of our auditing and accounting department, Donna possesses a wealth of knowledge in auditing, taxation, and other financial areas to assist clients achieve their short- and long-term goals. She enjoys working closely with organizations to evaluate their capacity, performance, and other key measures, helping them use the information to run their organizations more effectively. Her primary client responsibility is management and oversight of services provided to exempt organizations and professional service corporations. She has specific expertise with charitable organizations, foundations, governmental agencies, public authorities, and educational institutions, including colleges and universities and private and charter schools. Donna also oversees Firm services provided to law firms and other professional service organizations and works closely with various commercial businesses.


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