Blog Archives: Candi Avery

As 2019 came to a close, Clark Nuber promoted a record five principals into the ranks of shareholder. Little did these new shareholders know what was waiting for them on the other side of the new year. We recently met with them to discuss the challenges of 2020, the unexpected opportunities of working remote, and what it was like coming into a leadership role during a once-in-a-lifetime crisis.

Interviewer: You’ve been shareholders at Clark Nuber for over a year now. Did you see yourself here when you first began?

Jennifer Mace (JM): I would say it felt like a natural progression.

 » Read more

On September 17, 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.

Contributed nonfinancial assets, also known as gifts-in-kind (GIK), can include fixed assets, such as land, buildings, and equipment; use of fixed assets or utilities; materials and supplies, such as food, clothing, and pharmaceuticals; and intangible assets and/or recognized contributed services.

The new ASU was issued to address concerns some stakeholders had about the lack of transparency in the financial statements regarding the amount of GIK received and used in an entity’s programs and other activities.

 » Read more

Media Contact

Melissa Takade
Director of Marketing
Clark Nuber
Phone: 425-454-4919
Contact Melissa