NJCPA Nonprofit Conference (E2612590)

8-9:15 a.m.
FASB Update (1.5 AA)
Jeff Mechanick, CPA, CGMA— Financial Accounting Standards Board
Learn about recent Generally Accepted Accounting Principles (GAAP) developments affecting the nonprofit sector. After an overview of the Financial Accounting Standards Board (FASB)’s current agenda and an update on the FASB’s recent public agenda consultation, we’ll discuss recent Accounting Standards Updates and current FASB projects, including new research. There will be time for Q&A, so please bring your questions!

9:30-10:20 a.m.
Nonprofit Collaborations: Legal Considerations (1 SK)
Laura Solomon, Esq.— Laura Solomon, Esq. and Associates
Yuha Jung, Esq. — Laura Solomon, Esq. and Associates
Explore the various forms of nonprofit collaboration, including memorandums of understanding (MOUs), mergers, changes of control and joint ventures. This interactive session will equip CPAs with practical guidance to help nonprofit clients evaluate and implement collaborations that support their charitable missions while meeting legal and regulatory requirements.

10:30-11:20 a.m.
Breakout Sessions

2026 Single Audit Update: Key Changes and Practical Applications (1 AA)
Alexander K. Buchholz, CPA, M.B.A., CGMA — PKF O’Connor Davies
Catherine Syslo, CPA —CohnReznick
Examine developments affecting single audits in 2026, including implementation of the revised Uniform Guidance and the increased audit and Type A program thresholds. Receive updates on the Office of Management and Budget (OMB) Compliance Supplement and their implications for major program determination, risk assessment and compliance testing. Also, gain guidance to address common deficiencies, strengthen documentation and improve audit quality.

Tax Update (1 TX)
Garrett Higgins — PKF O'Connor Davies
Sacha Richards — PKF O'Connor Davies
Coming soon.

11:20-11:50 a.m.
Lunch Break

11:50-12:40 p.m.
Common Errors/Endowments (1 AA)
Rick Cole, CPA, CGMA — Forvis Mazars
Coming soon.

12:50-1:40 p.m.
AI in Nonprofits (1 SK)
Dr. Sean Stein Smith, CPA, CFE, CGMA, CMA, DBA — Lehman College
Coming soon.

1:50 a.m.-2:40 p.m.
Breakout Sessions

Misconceptions In a Single Audit and Common Single Audit Issues (1 SK)
John D'Amico, CPA— CBIZ
Steven Lee, CPA— CBIZ
Uncover numerous misconceptions in a single audit and what the reality is. We will also discuss recent single audit issues found through the AICPA Peer Review Oversight Board.

Balancing the books: Cyber Risk is not just a line item (1 SK)
Chris Parmigiani— CMIT Solutions
Greg Klein-Hertzel— ConnectivTech
Joe Burnham— Howden Group
Coming soon.

2:45-4 p.m.
The View from the C-Suite: Leading New Jersey Nonprofits Through Change and Uncertainty (1.5 SK)
Moderator: Annie Hung, CPA — Atlantis CPA
Derek Hodkey — Alternatives Inc.
Mathieu Nelessen — Princeton Area Community Foundation
June Toth, CPA, CFF, CITP, CGMA — WilkinGuttenplan

Nonprofit leaders face funding uncertainty, shifting priorities, workforce challenges and rising expectations from boards and stakeholders. In this interactive panel, New Jersey nonprofit CEOs and a CPA advisor share their perspectives on financial sustainability, strategic decision-making, governance and leading through change, including what nonprofit executives need from their financial advisors and how CPAs can become stronger strategic partners. Gain practical insights for building a resilient, mission-driven organization.

Attendees will have access to to watch all conference sessions on demand for thirty days after the event concludes. On demand sessions do not qualify for CPE