Your Future. Our Focus.


Your Future. Our Focus.

Bo Garner, CPA, MBA

TITLE: Partner, Not-for-Profit Team Leader
LOCATION: Newport News

Mr. Garner started his career with PBMares in 2007 as an intern and has never left. As leader of the Not-for-Profit Team at PBMares, his objectives include growing the firm’s relationships with not-for-profit entities, bringing useful materials to the not-for-profit community through thought leadership, and bringing efficiency to both the firm’s not-for-profit practice and clients. He maintains relationships and oversees attest engagements with the firm’s not-for-profit, healthcare, and contractor clients.

Professional affiliations for Mr. Garner include the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants (VSCPA) where he serves on the Innovation Committee. He is also a regular presenter at VSCPA events. At the local level, Mr. Garner is an active member of the VSCPA Tidewater Chapter where he volunteers regularly to educate college students about the accounting profession and the transition into the workforce.

Mr. Garner has been named a CPA Practice Advisor Top 40 Under 40 award winner and a Top 40 Under 40 by Inside Business. In addition, he was a recipient of the VSCPA’s Top 5 Under 35 award and a past recipient of Virginia Business magazine’s Super CPA recognition in the Young CPA category.

A recognized authority in the not-for-profit industry, Mr. Garner has been featured as a guest columnist on the Guidestar Blog and in Virginia Business and Disclosures, a publication of the VSCPA. He is also published regularly in Inside Business as a not-for-profit expert. Recent articles include “Corporate Giving Trends and Best Practices” and “Nonprofit Financial Statements: Change is Coming”, as well as those listed lower on this page. In addition, he has served as a presenter on various topics related to the not-for-profit industry.

An active member of the community, he participates in various volunteer activities as a member of the North Suffolk Rotary Club. In 2020, he was appointed to the Finance and Audit Committee of FirstSpark as well as to the Board and Treasurer of the Bernardine Franciscan Sisters Foundation. In 2021, he was appointed to the Board of the Peninsula Chamber of Commerce where he serves as the Treasurer and Chair of the Finance Committee. Also in 2021, he was appointed to the Finance and Strategy Committee of the Hampton Roads Workforce Council.

PROFESSIONAL ASSOCIATIONS:

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Quarterly Nonprofit Update: Fall 2023

Quarterly Nonprofit Update: Fall 2023

A third quarter not-for-profit industry update sees revenue growth and new opportunities in some segments, like museums, parks, and zoos, and challenges for membership and religious organizations. Resilience and innovation are key to navigating a changing nonprofit landscape.

Expanded Funding and Tax Benefits for Not-for-Profit Organizations in COVID-19 Relief Bill

Not-for-profit organizations have been a source of hope and resources for the communities they serve, but many are still struggling with the effects of COVID-19. The latest round of stimulus relief allocated $900 billion to ongoing COVID-19 relief measures, many of which stand to benefit not-for-profits.

Post-Pandemic Financial Insights and Strategies for Nonprofits

NFP nonprofit summit

2020 has been a difficult year for nonprofit organizations. In difficult times, financial innovation and risk mitigation are necessary to survive and thrive when true recovery begins. During this summit, we will present the issues, trends, key takeaways, and even opportunities we have seen while serving nonprofits since the COVID-19 pandemic started.

Top 5 Issues Lenders Have With Nonprofit Financials

I continue to see and hear about issues that our clients and others in the nonprofit industry are having with their lenders with respect to financial statements. It is becoming more evident that many lenders do not understand nonprofit financial statements due to their unique financial reporting requirements. Below are the top 5 issues that nonprofits have with their lenders.

INDUSTRIES:
Construction and Real Estate, Healthcare, Not-for-Profit

SERVICES:
Audit & Assurance, Consulting
"Using my skills to advance the missions of not-for-profits is a calling for me and gives me a sense of accomplishment."
2024-02-13T15:37:03-05:00
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