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Functional Expenses for Non-Profit Organizations


Cost Free
Presentation Length 1.5 hours

Recorded DateFebruary 26, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Series: Non-Profits
Course Description

Learn about Functional expenses allocations and reporting.  Discuss various methodologies and understanding the interpretation of the accounting standards to apply to your entity.  Learn about what your auditors are or should be looking for.  Understand the percentage benchmarks from watchdog agencies.  An integral piece of the new nonprofit ASU, 2016-14, is the requirement for all nonprofits to present a statement of functional expenses. Join us to find out about how this can be done efficiently and effectively. Topics covered will include common methods of allocation and practical expedients in the industry.

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As a member of BKD’s National Not-for-Profit group, Neely has more than 17 years of audit and advisory experience in public accounting. Neely also served in the United States Navy for four years.

Neely’s expertise includes financial statement audits, single audits, grants management and compliance, outsourced accounting functions, standards implementation, internal audit procedures, strategic planning, and tax-exempt matters for a wide range of not-for-profit entities. Neely also performs forensic work related to various cases, internal controls consulting, and consulting for healthcare practices.

In addition to handling her clients’ accounting and audit needs, she advises clients on operational efficiencies, internal controls, governance issues, and routinely shares best practices with clients gained from working with various organizations. She is a highly sought national speaker on technical matters in the accounting community.

Neely is a member of the American Institute of CPAs, the Dallas Society of CPAs and serves as a board member of the Texas Society of CPAs.  She is involved with many other professional associations, including the Association of Certified Fraud Examiners, Forensic CPA Society, Dallas Social Venture Partners, SPARK!, The Dallas Foundation Advisory Committee, Partnership for Philanthropic Planning (North Texas Chapter), and Relationships First.

She is a 2000 graduate of Old Dominion University, with a Bachelors in Accounting, Magna Cum Laude.


Nikki Kubly, CPA

Audit Director
(314) 231-9844


Nikki is a a CPA who provides not-for-profit and government organizations with sound, transparent audit, consulting and accounting advice as a leading member of BKD's Not-for-Profit and Public Sector Services Group.

About Our Presenter

Our firm was founded in 1923, when three CPAs started Baird, Kurtz & Dobson with $1,700 in the bank. Today, we’re one of the largest CPA firms in the country. BKD now has more than 2,650 CPAs, advisors and dedicated staff members working together to serve you. Our expertise goes well beyond the standard accounting services to include risk management, technology, wealth management and forensic and valuation services. Our clients represent a wide range of industries, and we’re even part of an alliance of firms that gives us a global reach.