David Kelleher, CPA, CGMA

Partner

Dave has extensive experience providing audit, tax, and business advisory solutions to nonprofit organizations, including community development corporations, multi-service human and social services providers, independent schools, and early education and care (EEC) agencies. Dave has extensive nonprofit tax experience, advising clients on questions relating to the Form 990, as well as the new Tax Cuts and Jobs Act (TCJA) rules affecting nonprofits, including: the taxability of qualified transportation fridge benefits, new unrelated business “siloing” rules, disallowed fringe benefits and UBIT. He also provides guidance on multi-state filing requirements, related party and executive compensation disclosures. Dave helps clients identify and address risks related to their Uniform Financial Report (UFR) and other funding source regulations. He specializes in providing federal and state audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards.

Dave also provides active guidance on tax, audit and compliance issues for sophisticated commercial clients, including low-income housing and professional services firms. He helps companies fully interpret the financial and operational information discovered during the audit process. His advice leads to informed decision-making and positively impacts business performance.

Education

University of Massachusetts at Dartmouth – Bachelor of Science, Accounting, cum laude

Service

Greater Lowell YMCA – Board Chair
University of Massachusetts Dartmouth’s Charlton College of Business – Accounting and Finance Department Advisory Council

Contributed Insights

GASB: Subscription-Based Information Technology Arrangements

AAFCPAs would like to remind entities following government accounting rules, including clients in the Charter School industry as well as other quasi-governmental organizations, of the Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based Information Technology Arrangements, which is required to be adopted in FY 2023. GASB 96 applies to all subscription-based information technology arrangements […]

GASB Subscription Accounting Standard

Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based Information Technology Arrangements, applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations. This guidance applies to subscription-based technology arrangements (SBITAs), defined as a contract that conveys control of the right to use another party’s […]

AAFCPAs’ Dave Kelleher to Present Educational Session for Nonprofits and Board Members

AAFCPAs Partner David Kelleher, CPA, CGMA has been selected to present Exploring Nonprofit Financial Statements for Nonprofit Professionals on September 24th in collaboration with Philanthropy Massachusetts. In this interactive workshop, attendees will learn how to find the stories that nonprofit financial statements are telling. Attendees will get comfortable interpreting the numbers, reviewing financial statement disclosures […]