Tate & Tryon is very pleased to congratulate the 2017 Nonprofit CFO of the Year honorees who were formally recognized at the annual Nonprofit CFO of the Year Awards Luncheon on October 24th.

Founded in 2006 and presented annually by Tate & Tryon and West, Lane & Schlager, the Nonprofit CFO of the Year Awards luncheon honors the contributions of nonprofit financial executives who demonstrate a vision for operational excellence, innovation in finance and management, and exceptional leadership and commitment to improving accountability and financial reporting.

The event took place at the Grand Hyatt in Washington, DC and featured keynote speaker, Rob Scheer who shared his story of how he founded Comfort Cases, a charity dedicated to improving the lives of foster-care children in the Washington DC area – an issue Mr. Scheer feels personally connected to as a former foster teen himself.

As a co-founder and host of this annual event, Tate & Tryon is proud to play an active role in helping to honor and celebrate the invaluable role that nonprofit CFOs play in the overall success of their organization.

Please join us in congratulating this year’s Honorees:

2017 CFO of the Year:

Guy Sheetz, SVP, Chief Financial and Administrative Officer
Futures Industry Association

2017 Association CFO of the Year:

James Thomasell, Chief Financial Officer
National Parent Teacher Association

2017 Philanthropic Organization CFO of the Year:

Allison Ingram, Director of Operations, Finance and Administration
Society of American Military Engineers

2017 Rising Star:

Mark Hornby, Director of Operations
Family, Career & Community Leaders of America

To learn more about this year’s honorees, please visit www.nonprofitCFOaward.com.

About the Event:

The nonprofit CFO role has evolved from simply a number cruncher to a big-picture thinker involved in nearly every facet of the organization including governance, performance, and strategic growth. Today, CFOs are increasingly involved in setting operational strategy and serving as a strategic leader and advisor to the CEO and board. But despite this expanding role, the contributions of the CFO are often overlooked and rarely recognized. For this reason, Tate & Tryon and West, Lane & Schlager co-founded the Nonprofit CFO of the Year Awards Luncheon in an effort to:

  • Highlight the critical role that CFOs play in ensuring good governance, disclosure and transparency, and a well-managed organization.
  • Showcase those CFOs whose practices serve as an example of a high-quality finance function that adds value to the overall management of the organization
  • Create a community that allows CFOs to learn from one another and facilitate the sharing of best practices

Since its inception, this award program has honored the achievements of more than 30 chief financial officers of leading nonprofit organizations around the country. For additional information about this awards program and previous honorees, visit www.nonprofitCFOaward.com.


Tax-Exempt Organizations and 2017 Tax Reform

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Dear Friends in the Tax-Exempt Community:
Below is a brief overview of the key tax reform proposals relating to tax-exempt organizations. As you know, Congress is currently putting together legislation to effect significant tax reform with a timeline of having it enacted this year. Although Congress is still negotiating, the following reform proposals may impact your […]

Royalty Income of Nonprofits is Being Targeted for Taxation!

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The Senate Finance Committee’s version of the Tax Cuts and Jobs Act includes a number of items that would impact nonprofits.
Perhaps the most immediately significant is the provision that would call for taxing the revenue generated from royalties related to licensing a nonprofit’s name and/or logo. Royalty revenue has traditionally been exempt from income taxes. […]

How Could Federal Tax Reform Impact Nonprofits?

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Exempt Organization Tax11/17/2017


By:  Doug Boedeker, CPA, Partner
It has been a challenge staying current on the twists and turns involved with the proposals for Federal Tax Reform. Many of the ideas within the tax reform package have a direct impact on nonprofit organizations.
Charitable deductions, executive compensation, employee fringe benefits, and intermediate sanctions are just some of the “hot […]

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