🎭FASB's New Cast for Not-for-Profit Advisory Committee
Acclara AI•
FASB just welcomed six new stars to its Not-for-Profit Advisory Committee (NAC). With their expertise, the NAC is set to tackle the evolving landscape of financial reporting for nonprofits.
Key Points
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🌟 Star-Studded Lineup: Six new members join the NAC
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📅 Mark Your Calendar: New members serve until December 31, 2029
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🏛️ Institutions Represented: Fairfield University, Forvis Mazars, KPMG LLP, Lyric Opera of Chicago, Plante Moran, AHRC New York City
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🧠 Expertise Matters: Members bring deep not-for-profit financial reporting experience
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👋 Farewell: Seven members concluded their service on December 31, 2025
🎬 A New Act Begins
The Financial Accounting Standards Board (FASB) has rolled out the red carpet for six new members to its Not-for-Profit Advisory Committee (NAC). This committee is the go-to squad for insights on financial reporting guidance and the latest technical agenda projects for the not-for-profit sector. The fresh faces on the NAC include Rebecca Bloch from Fairfield University, Richard Cole from Forvis Mazars, Susan Eickhoff from KPMG LLP, Vincente Milianti from Lyric Opera of Chicago, Dawn Stark from Plante Moran, and Amy West from AHRC New York City. Each of these new members is set for a four-year term, running until December 31, 2029.
📊 Why It Matters
These new appointments aren't just a shuffle of seats. The NAC is a vital resource for the FASB, ensuring that the standards set truly reflect the needs of not-for-profit organizations. As FASB Chair Richard R. Jones put it, "The NAC members joining us in 2026 bring deep experience in not-for-profit financial reporting to their new roles." This means better standards, more relevant guidance, and ultimately, clearer financial reporting for the sector.
👥 Changing of the Guard
As we welcome the new, we also bid adieu to the old. Seven NAC members wrapped up their terms at the end of 2025. A big shoutout to Brian Conner, Alex Galeano, Andrea Kantor, Brian McAllister, JR Miller, Deana Paradis, and Ksenia Popke for their invaluable contributions. Their dedication and insights have paved the way for the incoming members to hit the ground running.
