Maintaining the financial health of any nonprofit is a challenge even before you factor in the specific aspects of your organization at any time, but it is exceptionally challenging during the COVID-19 global pandemic. We are all dealing with the uncertainty as we navigate canceled fundraising events, and other sources of revenue loss, all while needing to serve clients in new ways.
How should PPP loans be accounted for by nonprofits? What are the implications of the CARES Act for a single audit? How can you create a recovery plan to help your nonprofit manage a major disruption in operations? This workshop aims to address these questions and to help the nonprofit community as we think about audit preparation and financial statements considering the continuing uncertainty with COVID-19.
Speaker Information
Steve Anseth, certified public accountant, is a partner at Abdo Eick & Meyers (AEM), a top accounting firm located in Minnesota. In his role at AEM, Steve leads the firm's nonprofit segment. Steve and his team work with over 100 nonprofit organizations from the metro area and outstate Minnesota. He helps nonprofits succeed by improving their operations and internal controls.
Prior to becoming a public accountant, he spent 12 years with a large national nonprofit organization. This experience gave him an in-depth understanding of how-and why-nonprofits operate. He has more than 25 years of experience working in and for nonprofit organizations. Steve holds a B.S. in accounting from the University of Minnesota and an M.A. in theological studies from Bethel Seminary.