Rick Cole

Rick has more than 25 years of experience serving nonprofit organizations. He is the New York Market Industry Leader for nonprofit and education, and is a member of FORVIS Higher Education Center of Excellence, which is an internal committee focused on addressing issues important to the higher education industry. Rick focuses on audits and advisory services for nonprofit and higher education organizations.

Before joining the firm in 2019, he worked at FASB, where he served as a supervising project manager for almost six years. In that role, he was the project manager on Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities; ASU 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made; and ASU 2019-03, Updating the Definition of Collections. He also was coordinator for FASB’s Not-for-Profit Advisory Committee and Private Company Council. Prior to joining FASB, Rick was vice president and controller at a large national museum in New York for seven years and a senior manager with a large international accounting firm where he worked for 14 years and specialized in audits of higher education institutions and other nonprofit organizations.

Rick is a member of the American Institute of CPAs’ Not-for-Profit Entities Expert Panel. He is a lecturer at Columbia University School of Professional Studies, New York, New York, in their Nonprofit Management program. He also has been a frequent speaker with National Association of College and University Business Officers, the American Institute of CPAs, and various state CPA societies. He is a CPA in New York and New Jersey and is a member of the American Institute of CPAs and New York State Society of Certified Public Accountants.

Rick is a graduate of Montclair State University, New Jersey, with a B.S. degree and an M.B.A. degree.

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December 12, 2023
9:10 am
This session will provide a brief overview of new accounting requirements that could impact nonprofits. It will also revisit some older topics and provide a reminder of the accounting requirements.
December 13, 2022
8:45 am
Symposium Welcome & GAAP Update This session will provide an update on recently issued accounting standards, including an overview of the new gifts in kind accounting standard as well as other recently issued standards that could impact not-for-profits. It will...
October 27, 2022
1:00 pm
Leases: A Deep Dive into the Accounting Part 2 Previously-broadcast session FOR INFORMATION ONLY (no CPE credit available for re-watching) SESSION DESCRIPTION Part two provides a deeper dive into lease accounting. Register for this session >>
October 25, 2022
1:00 pm
Leases: A Deep Dive into the Accounting Part 1 Previously-broadcast session FOR INFORMATION ONLY (no CPE credit available for re-watching) SESSION DESCRIPTION This session will provide an overview of the new lease accounting standard. It will describe the new requirements...