Fractional CFO=Project driven, time specific, financial effort utilizing the varied skills of a CFO. Some efforts could include:

1. Temporary CFO services while a full time CFO is hired
2. Finance department restructuring, new org chart and job descriptions
3. Analysis of a slow monthly closing process and the development of change processes to shorten the timeframe
4. Develop an implementation plan for a new general ledger
5. Cleanup and catchup for annual audits
6. Prepare a 1023; 501c3 application to the IRS and write the governance documents for a new organization
7. Develop an Investment Policy

Since the pandemic, Mark Abrahams has provided fractional CFO services to six not for profit organizations. The varied services were requested by a CEO, a departing CFO, a philanthropic Board, and an audit Committee. He has acted as an interim C-level executive regarding the operations of a finance department, the development of plans to create operating efficiencies, financial restructurings and budget development.

Our discussion will reflect the varied ways in which to obtain clients, and manage a fractional CFO practice.

Mark Abrahams’ not for profit experience includes the CFO of Proteus Fund, the CFO and Chief Investment Officer for FJC, a donor advised fund, and the SVP and CFO of the ASPCA. He has also held global leadership positions at Credit Suisse Group and CFO roles with technology startups. He began his career with ten years of large accounting firm experience. He is a CPA and holds an MBA from the NYU Stern School of Business and a BS from Boston University.

Mark is a long time member of the FENG NFP SIG and has a life-long commitment to philanthropy and social good. He serves as a trustee and Chair of the Audit Committee of the American Theatre Wing Board (the Tony Awards). He has also served in governance and advisory capacities for organizations including Publicolor, Gay Men’s Health Crisis, Taproot Foundation, Bideawee, and the Berkley Center for Entrepreneurship and Innovation at New York University.

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