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HBP’s Nonprofit Bites: October, Baltimore

October 22, 2019

October’s NPB event will include an accounting update led by HBP partners Andy Powell and Marco Fernandes. They will discuss what they have learned in the last nine months since the accounting standards update. Following the accounting update, Lewis Flax of Flax Associates will lead a workshop on how to take corporate sponsors to corporate partners.

2019 Accounting and Auditing Update: What We Have Learned

Halt, Buzas & Powell, Ltd. partners Andy Powell and Marco Fernandes will discuss what they have learned nine months after the implementation of the new accounting standards update which includes:

  • Categories and method of cost allocation and disclosures required for the financial statement footnotes
  • Implementation follow-up from ASU 2016-14
  • Things to be aware of concerning the new lease accounting standard
  • Revenue recognition update for grants and contributions (ASU 2018-08)

Generate Additional Revenue: STEP Up from Sponsorship to Partnership

Corporate sponsorship often represents an important income stream for many associations and nonprofits. At the same time, corporations are besieged by requests for funding and are more judicious as to which activities they support. Within the nonprofit sector, we have reached a critical decision point: How will we change our approach in order to improve results?

Successful nonprofit organizations recognize that they must go beyond offering standard and outdated benefits if they are to increase sponsorship income. The focus of this workshop is to review proven strategies and tactics to increase corporate sector revenue.

Participants will learn how to:

  • Differentiate their organization from the crowd of others seeking sponsorships
  • Use a proven methodology to create a successful revenue generating partnership program
  • Effectively leverage their board and volunteers to generate additional support

About Lewis Flax

Lewis Flax specializes in assisting associations and nonprofit organizations with generating corporate sponsorship and partnership support.  He provides guidance in helping nonprofits step up their results by increasing sponsorship funding, establishing partnerships, and implementing board development initiatives.  His firm, Flax Associates (established in 2008), counsels both local and national nonprofit organizations.

Flax understands the challenges nonprofits face, both from an outside consultant’s point of view and from the internal perspective of a nonprofit executive.  He previously served as a Vice President for IEG (a consulting firm) and served on the leadership team at Financial Executives International (FEI).

Flax has extensive experience in training and presenting. He has led numerous trainings, workshops, board retreats, and presented on behalf of many organizations catering to the nonprofit community including Association of Fundraising Professionals (AFP), American Society of Association Executives (ASAE), BoardSource, The Foundation Center, Global Impact, Points of Light Institute, and the United Way.  Flax is a certified instructor for Dale Carnegie Training, a Master Trainer for the Association of Fundraising Professionals (AFP), and has served on the instructional team for the National Speakers Association (NSA).

Why must I pay for this event when past HBP nonprofit events were free?

In the last few years, we have experienced an uptick in the number of people who sign up for our free events and do not attend. In an effort to reduce the number of no-shows to our educational sessions, we have instituted a small fee with hopes to have a better grasp on the number of attendees. In the event that an attendee must cancel their registration, a full refund will be given up until October 15. After this date, refunds cannot be issued.

Venue Information

American Visionary Art Museum

8:00 a.m. - 11:30 a.m.
800 Key Highway
Baltimore, Maryland 21230