Adam ColeAdam B. Cole, CPA | Partner and National Leader
Adam is a Partner and National co-Leader of BDO’s Nonprofit & Education Practice and the Managing Partner of the Greater New York Nonprofit and Employee Benefit Plan Practices. He has over 27 years of experience and has spent his entire career auditing and consulting with both nonprofit and healthcare organizations. He is one of the founding partners of the Greater New York Healthcare Practice, which has grown from 10 individuals in 1993 to over 100 individuals today. The practice specializes in many subsets of the nonprofit industry, including services to social service organizations, International NGOs, membership organizations, foundations, higher education, and religious organizations. Adam is a nationally featured speaker and writer on such subjects as nonprofit mergers, liquidity, board governance issues, and financial dashboards. Adam received his B.S., Accounting from the State University of New York College at New Paltz.

Laurie De ArmondLaurie De Armond, CPA | Partner and National Leader
Laurie is a Partner and National co-Leader of BDO’s Nonprofit & Education Practice and the Greater Washington, DC Practice leader for the Nonprofit & Education Practice. She has more than 23 years of experience in all phases of client service and dedicates her time to providing audit and consulting services to a wide variety of tax-exempt organizations, including public charities, private foundations, trade associations, scientific and educational organizations, and quasi-governmental and governmental organizations. She is a regular speaker at internal and external seminars on a range of topics, including audits of nonprofit organizations, single and compliance audits, Board governance and trends impacting the nonprofit industry. She is a guest speaker for organizations such as the American Institute of Certified Public Accountants (AICPA) and the Greater Washington Society of CPAs.  Laurie has served on numerous boards of directors, including a local college and currently serves as a financial expert for the audit committee of America’s Charities. Laurie received her B.S. in accounting from the University of Maryland.

Lee KlumppLee Klumpp, CPA, CGMA | Assurance Director, Accounting and Auditing Technical Leader for the National Nonprofit Industry Group
Lee is an Assurance Director with BDO’s Nonprofit & Education practice, and has been with the firm for over a decade. He serves as a resource to BDO’s Institute for Nonprofit ExcellenceSM, providing information about the current issues that the FASB is dealing with, as well as timely updates on Accounting Standards as they are released. From 2012 to 2014, Lee completed a fellowship with the Financial Accounting Standards Board (FASB) Industry Fellowship Program. In this role, Lee acted as a project manager focusing on implementation and emerging practice issues in the nonprofit industry. His work has included making recommendations to the FASB board on technical issues, and developing and drafting accounting standard updates, interpretations and question-and-answer implementation guides. In addition, Lee researched accounting issues and analyzed comments from nonprofit organizations as well as academic and practicing members of the FASB constituency, and led board discussions on accounting issues affecting nonprofit organizations.

Laura KalickLaura Kalick, JD, LLM in Taxation | National Director, Nonprofit Tax Consulting
Laura has over 35 years of experience in both private and government practice, including the Internal Revenue Service (IRS) National Office, the United States Senate, and large accounting and law firms.  She has advised a diverse group of complex exempt organizations including hospitals and healthcare organizations, colleges and universities, charities, foundations, trade associations, and social welfare organizations. Her wide range of experience includes private inurement, intermediate sanctions, unrelated business income and allocation of expenses, taxable subsidiaries, joint ventures, lobbying and political activity, and compensation arrangements.  Laura also works with nonprofit clients on applications for exemption, IRS audits and the Form 990. Laura is the co-chair of the American Bar Association’s Exempt Organization Subcommittee on Intermediate Sanctions. Along with her numerous professional affiliations, Laura has published a number of articles and co-authored two books. Laura received her B.A. from the University of Michigan, her J.D. from George Washington University, and her L.L.M., Taxation from Georgetown University.

Michael DannarMichael Dannar, CPA | Assurance Partner
A partner in BDO’s North Carolina offices, Michael has over 16 years of public accounting experience in the nonprofit and financial services industries. Throughout his career, Michael has served a variety of public and private companies, including banks, lending organizations, investment companies and REITs. He has taught training courses on accounting and auditing updates as well as audit methodology practice and implementation. Additionally, Michael has conducted external workshops for the Georgia Society of CPAs. Michael received his B.S., B.A. and Masters of Accounting from the University of North Carolina, Charlotte.

Marc BergerMarc Berger, CPA I National Director, Nonprofit Tax Services
Marc has over 25 years of experience in both public and private tax practice including working with large accounting firms, complex healthcare organizations, and the United States Tax Court, as well as practicing law. He has advised a diverse group of organizations, including hospitals and healthcare organizations, colleges and universities, charities and foundations, and other tax-exempt organizations. Marc’s experience in the nonprofit tax area includes applications for exemption, protection of tax-exempt status, private inurement and excess benefit transactions, unrelated business income and allocation of expenses, joint ventures with for-profit entities, mergers and acquisitions, tax-exempt bond compliance, alternative investments, compensation arrangements, Internal Revenue Service (IRS) and state audits, state and local tax exemptions, and Forms 990 and 990-T compliance. He received his B.A. from the University of South Florida, his LL.M. in Taxation from the University of Florida and his J.D., Nova Southeastern University. 

Rebekuh EleyRebekuh Eley, CPA, MPT I Senior Tax Director 
Rebekuh serves as the Central Region Practice Leader for Nonprofit Tax Services.  She has spent her entire career as a consultant to tax-exempt organizations, including working at a Big Four firm. She has provided advisory services to hospitals and health systems, higher education institutions, cultural institutions, health and welfare organizations, private foundations, trade associations, and membership organizations. Rebekuh’s area of focus is the tax issues facing nonprofit organizations and their for-profit affiliates, including the myriad of special tax rules that apply to tax-exempt organizations, such as the rules governing unrelated business taxable income, intermediate sanctions, private inurement, lobbying and political activities, payroll taxes, information reporting, tax-exempt bonds, alternative investments, charitable gifts, tax provision reviews, ASC 740 (FIN 48) documentation and tax controversies. She also has a broad tax background encompassing technical areas of corporate, partnership and individual tax. Rebekuh is a frequent speaker at various national and local forums, including the American Institute of Certified Public Accountants (AICPA) and the Illinois CPA Society, where she has presented on a range of topics impacting exempt organizations. She received a B.A. from Benedictine University and a M.S.T. from Northern Illinois University. 

Sandra FeinsmithSandra Feinsmith, CPA I Tax Managing Director
Sandra has more than 15 years of experience in public accounting and serves a broad range of nonprofit clients, providing both tax compliance and consulting services. Sandra also has significant experience performing ASC 740-10 reviews (formerly “FIN 48”) for nonprofit organizations. With a deep understanding of nonprofit issues, she focuses her practice on universities, taxable subsidiaries of nonprofit organizations, private schools, private foundations, health and welfare organizations and business leagues.

Andrea WilsonAndrea Wilson I Managing Director, Government Contracting
Andrea has more than 15 years of experience providing advisory services to nonprofit and government awardees and contractors on a wide range of services, including: compliance matters, cost allowability and recovery issues, cost accounting, procurements, and project management. Her experience is achieving superior performance by designing and implementing new operational systems and internal controls to reduce costs, increase information efficiencies, accuracy and compliance with USG policies and regulations. She received her B.S. in Business Administration from the University of California – Berkeley, Haas School of Business and her Graduate Certificate in Procurement and Contracts Management from the University of Virginia. 

Guest Contributors

Bill EisigWilliam Eisig, CPA | Partner and National Director, Institute for Nonprofit ExcellenceSM
Bill is the managing partner for the Atlantic region and a member of the board of directors for BDO USA. He has significant experience managing audit engagements for large organizations with multiple for-profit and non-profit subsidiaries and governmental component units. His responsibilities for many complex audits include all phases of financial and compliance audits, analyzing internal controls and policies, developing audit plans and programs, supervising personnel, directing technical research, reviewing financial statements, and providing recommendations for improving operations. Bill also serves in a leadership role within the firm’s Assurance practice area and has presided over 150 presentations in the past five years to Audit Committees and Boards of Directors. In addition to his extensive experience and leadership, Bill is also frequently asked to speak to professional programs and performs a significant amount of teaching and training for a variety of organizations. Bill attended the University of Maryland where he received a B.S. in Accounting.