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Alison Fetzer, CPA

Alison Fetzer, CPA

Author's details

Name: Alison Fetzer, CPA
Date registered: March 13, 2013

Email: afetzer@orba.com
Website: http://www.orba.com
LinkedIN: www.linkedin.com/pub/alison-fetzer-cpa/36/8a6/149

Biography

Alison has been with ORBA since 2005. She supervises numerous audit engagements and performs a variety of reviews, compilations and monthly accounting work for both privately-held companies and not-for-profit organizations. In addition, Alison prepares all of the necessary tax (information) filings for these clients. She also assists small business owners and not-for-profit clients with analyzing financial statements, general business consulting, and provides training and support.

Latest posts

  1. Reporting of Investment Return under the New ASU 2016-14 Presentation of Financial Statements for Not-for-Profit Entities — August 15, 2017
  2. Functional Expense Reporting under the New ASU 2016-14 Presentation of Financial Statements for Not-for-Profit Entities — July 25, 2017
  3. The New Audit Requirements Under GATA: The Grant Accountability and Transparency Act — July 12, 2016
  4. GATA: The Grant Accountability and Transparency Act — January 15, 2016
  5. Not-For-Profit Group Newsletter – Summer 2015 — September 1, 2015

Author's posts listings

2017
Aug 15

Reporting of Investment Return under the New ASU 2016-14 Presentation of Financial Statements for Not-for-Profit Entities

In an effort to provide more useful information to donors, grantors, creditors and other users of the financial statements, the Financial Accounting Standards Board (FASB) released ASU 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities on August 18, 2016. While the ASU focuses on five main areas that are changing, this blog will highlight just one – reporting of investment return.

2017
Jul 25

Functional Expense Reporting under the New ASU 2016-14 Presentation of Financial Statements for Not-for-Profit Entities

In an effort to provide more useful information to donors, grantors, creditors and other users of the financial statements, the Financial Accounting Standards Board (FASB) released ASU 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not for Profit Entities on August 18, 2016.

2016
Jul 12

The New Audit Requirements Under GATA: The Grant Accountability and Transparency Act

Until recently, Illinois recipients and subrecipients who expended less than $500,000 in federal funds (and now $750,000 under the new Uniform Grant Guidance) breathed a sigh of relief as they were exempt from the rigorous world of the Single Audit (now referred to as Uniform Guidance). However, with the passing of the Illinois’ Grant Accountability and Transparency Act (GATA) in 2014, that is no longer the case. This article details the new audit requirements to which a not-for-profit organization must adhere to be in compliance with GATA.

2016
Jan 15

GATA: The Grant Accountability and Transparency Act

In an ongoing effort by the State of Illinois and the granting community to streamline the grant reporting and monitoring processes, the Grant Accountability and Transparency Act, 30 ILCS 708 (GATA) was created. Effective July 1, 2015, all state, federal and federal pass-through awards are subject to the federal rules. This article highlights key details you should know about GATA.

2015
Sep 01

Not-For-Profit Group Newsletter – Summer 2015

Summer 2015 Changes to Not-For-Profit Reporting Alison Fetzer, CPA The Financial Accounting Standards Board (FASB) issued Proposed Accounting Standards Update (ASU) Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954) – Presentation of Financial Statements of Not-for-Profit Entities in April 2015. The intended purpose of this ASU is to improve GAAP for Financial Statement… Continue reading »

2015
Jan 27

The Hidden Dangers of Marginal Employees

Unfortunately, almost every office seems to have that one employee who performs below the needs of his/her organization. More often than not, instead of terminating this employee, organizations keep them on to their detriment. This blog discusses the risks of keeping these marginal employees.

2014
Feb 13

Starting Your Own Not-For-Profit

So you decided that 2014 is going to be the year you finally make your dream of starting your very own not-for-profit organization a reality. Now what? Here are a few important steps to get your not-for-profit started.

2013
Nov 21

Not-For-Profit Group Newsletter – Fall 2013

Does your not-for-profit receive and make use of endowments? The term “endowment” is a frequently misused term in the not-for-profit world. A true endowment consists of funds received from external donors with restrictions that the principal or gift amount is to be retained in perpetuity and cannot be spent.

2013
Jun 05

The Must Have Policies Not Required by the IRS

An important key to success for any not-for-profit organization is having the right governance policies and procedures in place. Conveniently, with the redesign of the form 990, the IRS has put together a short but important list of suggested policies and procedures.

2013
Mar 13

Tips for Protecting Your Not-For-Profit Organization from Fraud

In a time where funding is scarce, fraud is proving to be devastating to not-for-profit organizations and the communities that they service. According to the 2012 Report to the Nations on Occupational Fraud & Abuse, published by the Association of Certified Fraud Examiners (ACFE), organizations lose an estimated five percent of their annual revenue as a result of fraud.