CPAs
on Boards
Thanks
for taking the time to find out more about what you can do as
a CPA!
The New York
State Society of CPAs (NYSSCPA) has undertaken a statewide approach
to address the concerns of the nonprofit community by fostering
partnerships with not-for-profits. A task force has been formed
by the Society to identify, train, and match CPAs with nonprofit
boards that are proactive in raising the level of financial integrity
of their member boards. With a potential of hundreds of financial
board members for nonprofit boards, the NYSSCPA is a natural source
to fill the need and enhance nonprofit governance.
As the federal
government has begun to regulate publicly-held companies for the
sake of effective self-governance, there is still a dire need
today for nonprofit boards to include experts in financial matters,
the latest federal regulations, and beyond. Thats where
the NYSSCPA membership comes into play -- as expert volunteers.
Whether the nonprofit organizations are small or large, startups
or well-established, our members provide the same invaluable technical
assistance and the capable leadership to serve on Boards.
The NYSSCPA
has currently taken on the initiative of facilitating volunteers
to serve on various Boards and provide technical assistance, courtesy
of NYSSCPA.org. Opportunities are abound to provide short-term
guidance or a long-term commitment by helping to serve on a Board.
What better way to give back to the community and build your professional
expertise? Click
here for program Guidelines. Click
here for more info on educational opportunities.
All interested
Society members are asked to visit their respective Chapter sections
on NYSSCPA.org to see what opportunity is of interest to them,
from serving in a temporary capacity offering financial guidance
to serving in a long-term capacity as a board of director member.
The give and take involved with service on a board benefits everyone
involved, with CPAs able to get personal satisfaction in helping
others through volunteerism, while at the same time earning professional
prestige. Click
here to find your location.
Also, if you
are interested in being listed as a nonprofit looking for CPA
board members, please contact either the
Council of Community
Services of New York State, Inc. (CCSNYS) or the
Nonprofit Coordinating
Committee of New York, Inc. (NPCC).
Build your
reputation and develop your career through volunteerism, maintaining
the high standards of the profession in the process. The profession
has given so much to you; now its time to give something
back.
Are
You on Board?
If you are
interested in volunteering, please click on the location closest
to you below to choose a nonprofit organization! Please note:
Once you choose a location below, be sure to contact the nonprofit
organization you are interested in volunteering for via the "Inquire"
link next to the corresponding listing and not through any non-NYSSCPA
Web pages.
Guidelines
for CPAs
Following are
important guidelines for CPAs who wish to participate in the CPAs
on Boards Program. Please read all of the information supplied by
the nonprofit organization before applying. This will include background
about the organization and qualifications it is seeking in candidates
for its board.
The
Application Process:
Before submitting
an application to a nonprofit organization, you should spend some
time learning about the organization by browsing the organization’s
website. This is time well spent and will make the application process
more efficient for you.
As each nonprofit
organization receives applications from CPAs, it should send an
acknowledgement by email. This means only that the organization
has received your application; it is not an acceptance of your application.
We suggest that you do not apply to more than three nonprofit organizations
at a time.
Usually, a representative
of the nonprofit organization will contact you by telephone or invite
you for a personal interview. During this contact, you should discuss
the following:
- Your responsibilities
as a potential member of the Board.
- Specifically
desired skill sets the nonprofit seeks in its board members.
- The organization’s
mission.
- Monetary
donations that may be required or expected by the nonprofit.
- Expected
participation levels in the organization’s events (coordinating
events or participating in golf outings and other fundraisers,
for example).
- Your willingness
to assume a financial role for the Board. If you want to participate
in a broader way, make sure you communicate that to the nonprofit.
In addition,
to better prepare you for your discussions with the nonprofit you
might want to:
- Request
a tour of the nonprofit organization before finalizing the application
process. If you wish to do so, include this request in your telephone
interview or meeting at the organization.
- Review the
organization’s bylaws, mission statement, recent financial
statements, Form 9901 and information about the current
board and size of staff at this time. Also, inquire about the
directors’ and officers’ insurance coverage carried
by the organization and any indemnification provided for board
members.
- Contact
other Board members and the chief staff officer about the organization
and about the current needs of the Board.
This due diligence
will help you and the organization know if you have a good fit.
After going through this process, you or the organization may decide
not to proceed. Or the nonprofit may have filled all of its available
board positions with other people.
If the nonprofit
declines your application, it should provide you with a letter with
details of this decision. If this happens, you should make an application
with another nonprofit. Many worthwhile organizations are looking
for talented CPAs for their boards. Similarly, you should extend
the nonprofit the same courtesy, if you decide you would rather
pursue a different opportunity.
Your
Service as a Board Member:
- If you do
take a position on the nonprofit’s board, remember that
you are may not perform attest (audit or revie) work for the organization
due to lack of independence.2
- While you
may wish to share your accounting expertise, you should ask about
other services the organization may need from or require of its
board members.
- If at any
time you feel you cannot fulfill your responsibilities as a board
member, a detailed, written letter of resignation is required
stating your reasons.
1A
§ 501(c)(3) organization’s Form 990 is typically available
on www.guidestar.org. Guidestar will require you to register to gain
access to tax forms, but registration at the basic level is free.
2Also,
if you perform a compilation for the organization, you must disclose
your lack of independence.
Educational
Opportunities
To enhance and round out your knowledge of governance
and financial matters relating to nonprofits, CCSNYS has invited
interested CPAs to attend its series of free training classes,
Achieving Excellence in Governance Training. These classes
have been approved for CPE credit and are offered at various locations
throughout the state on an ongoing basis. The 2007-2008 schedule will be available shortly.
In the coming
months, training on nonprofit governance and accounting may also
be available through a number of NYSSCPA chapters. Participating
chapters will usually be in locations not covered by CCSNYS's
regularly scheduled State Board Training Consortium (STTC) workshops.
These chapter programs will be FAE sponsored CPE events instructed
by CCSNYS and may cost a nominal fee to attend. If you're interested
in attending nonprofit governance and accounting training chapter
events
please contact Bill Pape, Director, Membership, (212) 719-8420,
wpape@nysscpa.org.
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