Why Nonprofit Board Members Need to Know About Fiduciary Duties
From financial oversight to risk management to avoiding conflicts of interest, there’s a lot that nonprofit board members need to know.
Cathy is responsible for engagement management and coordination of services to various exempt organizations. She has experience working with community and private colleges, nonprofit organizations, various governmental entities, and school districts in the areas of auditing, single audits, taxation, information returns, and financial reporting. Cathy has extensive experience with private and community colleges and regularly receives specialized training and updates on federal student financial aid programs by recognized national experts.
Canisius College, Bachelor of Science, Accounting
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
National Association of College and University Business Officers
Eastern Association of College and University Business Officers
Cloverbank Elementary Parent-Teacher Association (Frontier Central School District)
- Red Ribbon Week Chair
- Fundraising Chair
The executive branch is looking to increase revenue for the IRS. Translation: expect to see an increase in the number of IRS audits being performed, including industries not traditionally targeted.Learn More
The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.Learn More