Designed specifically for board members, CEOs, CFOs and senior management, NYSAE's Finance & Management Institute will focus on changes to New York's Not-for-Profit Corporation Law and investment outlooks.
Opening remarks by: Amish Mehta, CPA. Partner and Director of Not-for-Profit Services, Friedman LLP To be held October 16 at the New York Society of Security Analysts' office (1540 Broadway, NYC), the program begins with a review of New York's Non-Profit Revitalization Act, a bill that makes comprehensive updates to the New York Not-for-Profit Corporation Law, as well as several other statutes related to nonprofits. The bill passed both houses of New York's legislature unanimously and is awaiting delivery to the Governor's office. The Act would be the first major revision to New York's nonprofit laws in more than 40 years. Its provisions apply to nonprofits that are incorporated in New York. In addition, one significant section—related to financial audits and financial reporting to the state—applies to all nonprofits that are registered in New York for charitable solicitation purposes.
If signed into law, most provisions of the new Act would become effective on July 1, 2014. Many nonprofits will find that they need to amend their governance documents, policies, and procedures, and in some cases, significantly overhaul their governance structure to comply with some of the detailed requirements of the Act.
Presenters include:
Susan E. Golden,
counsel, Venable, LLP
Kristalyn J. Loson,
associate, Venable LLP
Lisa M. Hix,
counsel, Venable LLP
Among the topics they will cover are:
- New technology options for holding meetings and taking action;
- Enhanced governance processes;
- New audit provisions; and
- Limitations and prohibitions on certain governance structures and practices.
Moderated by: David P. Murphy, MBA, CPA, senior vice president – investments, UBS Financial Services Inc., and chair of NYSAE's Education CommitteeDavid P. Murphy, senior vice president – investments, UBS Financial Services Inc., and chair of NYSAE's Education Committee, will moderate a session on Frozen in the Headlines: An Equity Market Perspective. Larry Sinsimer, senior vice president – investments, Fidelity Investments Institutional Services Company, will discuss why investors staying away from the markets. This interactive discussion will focus on why it is difficult to be a successful investor and how you can overcome your investment mistakes by following some simple guidelines.
Panelists Marsha S. Block, CAE, CFRE, chief executive officer, American Group Psychotherapy Association, Lisa Klein, senior vice president, Cosmetic Executive Women, and Dean D'Ambrosi, vice president of member services, National Association of Print Leadership, will discuss Innovative Solutions for Building Revenue Streams. Few associations and charitable organizations these days can continue to fulfill their mission exclusive on income from membership dues and donations. Increasingly not-for-profits are feeling the pressure to develop revenue streams through non-traditional channels. In this session, Brian Saber, president and cofounder of Asking Matters, will guide the discussion on ways that organizations are tapping new revenue streams that not only maintain and enhance financial stability, but do so in a way that is consistent with organizational values and purpose. The panelists will offer case study experiences and lessons-learned about their innovative revenue generating efforts that will inspire participants to find new income potential in their own organizations.
Panelist: Marsha S. Block, CAE, CFRE, chief executive officer, American Group Psychotherapy Association
Panelist: Lisa Klein, senior vice president, Cosmetic Executive Women
Panelist: Dean D’Ambrosi
Vice President of Member Services
National Association of Print Leadership
Moderated by: Brian Saber
President & Cofounder Asking Matter
The Finance & Management Institute will be followed by NYSAE's October monthly luncheon.
Click here to register online.