Professional Development Day


Annual Professional Development Day

Wednesday, November 13, 2019

Nationwide Hotel and Conference Center
100 Green Meadows Drive South
Lewis Center, Ohio 43035

Schedule of Events

[offering 6+ hours of CPE credits]

9:00 a.m. – 9:50 a.m.
Nonprofit Tax Matters”
Presented by Chris Anderson, Shareholder, Maloney + Novotny LLC

This session will explore tax reform’s effects on higher education including qualified transportation benefits, separating unrelated business income activities, and the new excise taxes. We will also cover the new questions on Form 990 and the revised format for Form 990-T.

 9:50 a.m. – 10:45 a.m.
Update on Ohio Safe Harbor Act”
Presented by Dale Dresch, IT Audit Manager, Maloney + Novotny LLC

Even the best prepared organizations can be the victim of a breach, Ohio’s “Data Protection Act’ can help shield higher ed against breach lawsuits. This first of its kind state law went into effect November 2018 and can give universities and colleges an opportunity to negate some of the liability that is associated with data breaches as long as they can prove a functioning cybersecurity program is in place. In this presentation we will explore some of the criteria of the law and how you can take advantage of it.

10:45 a.m. – 10:55 a.m.
Refreshments Break

10:55 a.m. – 11:55 a.m.
“Compliance and Risk Update of Retirement Plans”
Presented by Chris Villari, Shareholder, Maloney + Novotny LLC and Dave Reyes, Shareholder, Maloney + Novotny LLC

This session will provide an overview of recent and pending legislation involving retirement plans including 403(b) arrangements. We will also discuss unique risks associated with plan administration along with steps for sponsors to take in order to be prepared for a financial audit of the plan.

11:55 a.m. – 12:55 p.m.

12:55 p.m. – 1:45 p.m.
GAAP Update”
Presented by Matt Maloney, Shareholder, Maloney + Novotny LLC 
and Pam Lebold, Shareholder, Maloney + Novotny LLC

This session will review the latest changes in GAAP for nonprofits and let you know what is on the horizon!

1:45 p.m. – 2:45 p.m.
Endowment Management”
Presented by Jim Graham, Shareholder, Maloney + Novotny LLC; Mike Shebak, Senior Managing Director, Clearstead; 
and Brian Wunderle, Associate, Clearstead

This session will review the nuances of accounting for activities within endowment portfolios and review required disclosures related to endowment assets. In addition, some perspectives will be given related to current investment market trends and how they are affecting portfolio allocation decisions and spending.

2:45 p.m. – 3:00 p.m.
Refreshments Break

3:00 p.m. – 4:00 p.m.
Use of Tax Incentives for Capital Projects”
Presented by Chad Arfons, McDonald Hopkins

In this session we will discuss how tax incentives, including federal and state historic preservation tax credits, new markets tax credits, renewable energy investment tax credits and the newly created Opportunity Zone Program, can be used by nonprofit colleges and universities to help finance capital projects. We will review practical considerations and walk through a case study to show costs and benefits of using these incentives.