The NonProfit Audit with Beth Zolkind

Grant writers are not necessarily financial experts, yet the applications we submit are judged not only by what we write but also the financial wellbeing of our organizations.

It is important to look at the financial documents we submit, understand what is going on, and address areas of concern. And, if you have a clean, positive Management Letter as part of your audit – that’s a great marketing tool you should trumpet.

The session will address:

• What are financial statements and audits and how do they relate to each other
• What is an audit vs. a limited review
• What is the audit process
• What audits can reveal
• What’s in a management letter
• How do financial statement notes relate to financial statements
• What are several red flags you can readily spot when you review audited financials

We will go through a not-for-profit audit by way of example. To make best use of the session, please send specific questions ahead of time.

(If there is interest in more in-depth discussion, Beth is willing to come back September 29 for a deeper dive into financial documents.)

Schedule:

• 11:45 AM: Announcements & Networking
• 12 - 1:15 PM: Program

• Non-members: $25
• Members: FREE! Join GPLH today and attend this event for free!
• ZOOM link will be sent to registrants.

About our speaker: Beth Zolkind, CPA, Chief Financial Officer, Centre Consortium LLC. Previously, Beth was CFO of the Robin Hood Foundation. During her 13-year tenure, she enjoyed working with staff to hone their financial acuity. She trained program staff to analyze audits of nonprofits who applied for funding, and trained development staff to understand Robin Hood Foundation’s financial documents as they sought funding from donors and other grant makers.

Beth’s professional experience includes time as an auditor for the not-for-profit division of Arthur Anderson, controller for the Russell Sage Foundation, and a senior equity analyst. She is also an avid knitter, tennis player, and sourdough bread baker par excellence.