Leadership
Thinking About Joining a Nonprofit Board? 5 Things to Consider
Joining a nonprofit board can be an exciting opportunity to contribute to a cause you care about. However before saying yes, it’s important to consider what board service involves – both in terms of your time and financial commitment. At Lumix CPAs and Advisors we help nonprofits navigate financial challenges and achieve long term sustainability.…
Read More3 Reasons You’ll Be Thankful for Outsourcing Your Accounting
It’s the season of giving thanks and expressing gratitude! I always appreciate this holiday’s ability to offer us the opportunity to become more aware of all that we have to be thankful for and to express our gratitude more intentionally. We typically think of thankfulness in relation to our personal lives, but it extends to…
Read More3 Tips for Getting Your Nonprofit’s Finances Ready for Summer
The peonies are in full bloom, the weather is lovely, and I have taken my white capri pants from the back of my closet. That can mean only one thing, summer is close! There is nothing like the prospect of summer to bring a spring to our collective steps. Summer comes with the idea of…
Read MoreSigns That Your Organization May Be Need Outsourced HR Services
Have you ever sat at a board meeting with a feeling that the Executive Director may be exhibiting unstable behavior or may be running the organization into operational or financial instability?
Read MoreCase Study on a Federal Award Recipient
Recently, we were engaged by a nonprofit organization to help them during a significant finance team staffing shift. In addition to replacing their CFO to complete their 4-person finance team, they were also in the middle of a very rigorous Single Audit and needed an outsourced CFO to step in and help get them through…
Read MoreBoard Member Perspective – Questions to Ask When Reviewing an Audit
You are presented with the financial statements prepared by auditors. Do you know what questions to ask? What will the auditors tell you only if you ask? The process of auditing the financial statements of an organization is quite invasive not only on the transactions and balances that make up the financial statements, but also…
Read MoreBoard Member Perspective – Financial Information to Review
If you belong to more than one nonprofit board you may have noticed that each one may present a somewhat different set of financial information at board meetings. Do you know what is the appropriate information to present and examine? In order to comply with your fiduciary duty, you should be presented with complete, accurate,…
Read MoreNews Release: Accomplished Local CPA Will Instruct Class at Prestigious National Conference
Maribel Ponist will instruct Dissecting the Non-Profit Vertical for Client Accounting Services at the AICPA and CPA.com’s 2014 Digital CPA Conference Chevy Chase, MD—December 2, 2014—The CEO/Director of Client Accounting Services of Lumix CPAs and Advisors, Maribel Ponist, will be teaching a class on client accounting services at the Digital CPA Conference, December 8-10, 2014.…
Read MoreIn Search for Balance & Purpose, Part II
So your books are balanced. In fact, you have supported the major balances in your balance sheet and have traced the activity in your statement of revenues and expenses. The reports are ready to be published. Now what? What is the purpose of these historical reports? In my first article, I presented my opinion on…
Read MoreIn Search for Balance & Purpose, Part I
We are constantly looking for balance in our lives. Balancing work and family is a popular concern, as is balancing our investments or even balancing our diets. Can anyone ever claim to have successfully achieved balance in these areas of their lives? Once we achieve it, can we maintain it? And then, how do we…
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