Rick Cole

As a Supervising Project Manager at the Financial Accounting Standards Board (FASB), Rick Cole provides oversight to projects involving not-for-profit organizations (NFPs), consults on other projects affecting NFPs, and participates in some of the FASB’s broader outreach activities. He was the Supervising Project Manager on the FASB’s recently issued Financial Statements of Not-for-Profit Entities Accounting Standards Update, is working on the Revenue Recognition of Grants and Contracts by Not-for-Profit Entities project, and also provides staff support for the FASB’s Not-for-Profit Advisory Committee.

Prior to joining the FASB, Cole was the Vice President and Controller at the American Museum of Natural History in New York, where he worked for over seven years. In that capacity, he was responsible for financial reporting, regulatory filings, cash management, and accounting. He was a co-founder of a roundtable group for controllers of New York City-based cultural organizations. The purpose of the roundtable was to help facilitate best practices amongst controllers who were members of the group. Prior to that, he was a senior manager with KPMG LLP, where he worked for over fourteen years and specialized in audits of higher education institutions and other types of NFPs. He is also the treasurer of a local NFP based in New York.

He is a CPA in New York and New Jersey, is a CGMA, and is a member of the AICPA and the New York State Society of CPAs.